House Bill 1651
117th Congress(2021-2022)
COVID-19 Bankruptcy Relief Extension Act of 2021
Became Law
Amendments
Became Law
Became Public Law 117-5 on Mar 27, 2021
Overview
Text
Introduced
Mar 8, 2021
Latest Action
Mar 27, 2021
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
1651
Congress
117
Policy Area
Law
Law
Primary focus of measure is matters affecting civil actions and administrative remedies, courts and judicial administration, general constitutional issues, dispute resolution, including mediation and arbitration. Measures concerning specific constitutional amendments may fall under the policy area relevant to the subject matter of the amendment (e.g., Education). Measures concerning criminal procedure and law enforcement may fall under Crime and Law Enforcement policy area.
Sponsorship by Party
New York
Virginia
Passed
March 17, 2021
Type
Final Passage Under Suspension Of The Rules Results
House Roll Call Votes
Summary

COVID-19 Bankruptcy Relief Extension Act of 2021

This bill extends existing provisions that provide relief to debtors in bankruptcy, including those related to the COVID-19 (i.e., coronavirus disease 2019) pandemic.

These provisions (1) exclude certain COVID-19 aid payments from income for the purposes of bankruptcy, and (2) increase the debt eligibility threshold for businesses qualifying for certain types of Chapter 11 reorganization bankruptcy. Currently, these provisions expire March 27, 2021. The bill extends these provisions for one year.

The bill also allows for modification of a Chapter 13 repayment plan for plans confirmed before the date of enactment of this bill if the debtor is experiencing material financial hardship due to COVID-19. Currently, such a modification is only available for plans confirmed before March 27, 2020.

In addition, the bill extends through March 27, 2022, other bankruptcy protections that currently expire December 27, 2021. These provisions include those that (1) provide for discharge of certain debts, (2) prohibit denying a party COVID-related mortgage or eviction relief due to a party being a debtor in bankruptcy, and (3) protect against termination of utility services in certain circumstances.

Text (5)
Amendments (1)
Mar 24, 2021
Agreed to in Senate
1
Sponsorship
Senate Amendment 1407
To improve the bill.
Agreed To
Public Record
Created
Mar 9, 2021 8:12:12 AM
Updated
Apr 16, 2021 2:30:18 PM