All Information (Except Text) for S.5078 - A bill to amend the CARES Act to extend the temporary relief from troubled debt restructurings.116th Congress (2019-2020)
|Sponsor:||Sen. Cassidy, Bill [R-LA] (Introduced 12/21/2020)|
|Committees:||Senate - Banking, Housing, and Urban Affairs|
|Latest Action:||Senate - 12/21/2020 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (All Actions)|
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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries
Actions Overview (1)
|12/21/2020||Introduced in Senate|
All Actions (1)
|12/21/2020||Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.|
Action By: Senate
|Sen. Kennedy, John [R-LA]*||12/21/2020|
|Sen. Menendez, Robert [D-NJ]*||12/21/2020|
|Sen. Tester, Jon [D-MT]*||12/21/2020|
|Committee / Subcommittee||Date||Activity||Related Documents|
|Senate Banking, Housing, and Urban Affairs||12/21/2020||Referred to|
Subject — Policy Area:
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Latest Summary (1)
Introduced in Senate (12/21/2020)
This bill revises the applicable period during which a financial institution may suspend loan modification requirements as applied to a troubled debt restructuring. Currently, this period ends on the earliest of December 31, 2020, or the date that is 60 days after the termination of the COVID-19 (i.e., coronavirus disease 2019) national emergency. The bill revises this period to end on the earliest of January 1, 2022, or the date that is 60 days after the termination of the COVID-19 national emergency.