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S 5078 116th Congress Senate Finance and Financial Sector Accounting and auditing Banking and financial institutions regulation Cardiovascular and respiratory health Credit and credit markets Emergency medical services and trauma care Infectious and parasitic diseases

A bill to amend the CARES Act to extend the temporary relief from troubled debt restructurings.

Introduced: December 21, 2020 Introduced by: Cassidy, Bill Republican · Louisiana See on congress.gov
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 21, 2020
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Dec 21, 2020
Introduced in Senate
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 Plain-English summary Congressional Research Service

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.

What's happening now December 21, 2020

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Related & companion bills 1
  • S 4537 Related bill RECOVERY Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Kennedy, John
Louisiana · Dec 21, 2020
Cite this page click to expand
APA
U.S. Congress. (2026). S. 5078: A bill to amend the CARES Act to extend the temporary relief from troubled debt restructurings.. 116th Congress. Open America. https://openamerica.io/bill/116-S-5078/
MLA
"S. 5078: A bill to amend the CARES Act to extend the temporary relief from troubled debt restructurings.." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-5078/.
Bluebook (legal)
S. 5078, 116th Cong. (2026), https://openamerica.io/bill/116-S-5078/.
Markdown link
[S. 5078: A bill to amend the CARES Act to extend the temporary relief from troubled debt restructurings.](https://openamerica.io/bill/116-S-5078/)
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