Public Law 117–5: To amend the CARES Act to extend the sunset for the definition of a small business debtor, and for other purposes.

public-law-117-5Public Law 117-5Statute

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PUBLIC LAW 117–5—MAR. 27, 2021
135 STAT. 249
Public Law
117–5
117th Congress
An Act
To amend the CARES Act to extend the sunset for the definition of a small business debtor, and for other purposes.

Mar. 27, 2021

[H.R. 1651]

  Be it enacted by the Senate and House of Representa­tives of the United States of America in Congress assembled,

COVID–19 Bankruptcy Relief Extension Act of 2021.

11 USC 101 note.
SECTION 1.

SHORT TITLE.

  This Act may be cited as the “
COVID–19 Bankruptcy Relief Extension Act of 2021
”.
SEC. 2.

EXTENSIONS.

(a)

In General.—

Section 1113 of the CARES Act (Public Law 116–136)
is amended
—
(1)
in subsection (a)(5) (11 U.S.C. 1182 note), by
striking
“1 year” and
inserting
“2 years”; and
(2)
in subsection (b)(2)(B) (11 U.S.C. 101 note), by
striking
“1 year” and
inserting
“2 years”.
(b)

Modification of Plan After Confirmation.—

(1)
Section 1329(d)(1) of title 11, United States Code,
is amended
, in the matter preceding subparagraph (A), by
striking
“this subsection” and
inserting
“the COVID–19 Bankruptcy Relief Extension Act of 2021”.
(2)
Section 1113(b)(1)(D)(ii) of the CARES Act (11 U.S.C. 1329 note)
is amended
by
striking
“this Act” and
inserting
“the COVID–19 Bankruptcy Relief Extension Act of 2021”.
SEC. 3.

DETERMINATION OF BUDGETARY EFFECTS.

  The budgetary effects of this Act, for the purpose of complying with the Statutory Pay-As-You-Go Act of 2010, shall be determined by reference to the latest statement titled “Budgetary Effects of PAYGO Legislation” for this Act, submitted for printing in the Congressional Record by the Chairman of the House Budget Committee, provided that such statement has been submitted prior to the vote on passage.
Approved March 27, 2021.

LEGISLATIVE HISTORY—H.R. 1651:

CONGRESSIONAL RECORD, Vol. 167 (2021):

Mar. 16, 17, considered and passed House.

Mar. 24, considered and passed Senate, amended.

Mar. 26, House concurred in Senate amendment.

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