3.0.0 4479 2023-01-11T13:45:18Z 2023-01-11T13:45:18Z Senate S 2020-08-06 116 ssju00 Judiciary Committee Senate Standing Referred to 2020-08-06T18:12:32Z 2020-08-06 ssju00 Judiciary Committee Senate Read twice and referred to the Committee on the Judiciary. IntroReferral 2020-08-06 Introduced in Senate IntroReferral 10000 9 Library of Congress T000476 Sen. Tillis, Thomas [R-NC] Thomas Tillis R NC Roland N Finance and Financial Sector Bankruptcy Cardiovascular and respiratory health Contracts and agency Emergency medical services and trauma care Infectious and parasitic diseases Landlord and tenant Finance and Financial Sector 00 2020-08-06 Introduced in Senate 2020-12-03T19:24:34Z This bill temporarily revises bankruptcy provisions related to a lease of nonresidential real property. Specifically, if a Chapter 11 small business reorganization bankruptcy debtor is experiencing material financial hardship due to the COVID-19 (i.e., coronavirus disease 2019) pandemic, a court may extend the time the debtor may pay rent on a nonresidential real property from 60 days to 120 days. Additionally, businesses impacted by the COVID-19 pandemic have an additional 90 days to determine whether to keep or end a nonresidential lease agreement.

The bill also prohibits a bankruptcy trustee from voiding transfers of the debtor's interest due to the payment of certain rental and supplier arrearages.

These provisions have a two-year sunset.

]]> A bill to amend title 11, United States Code, to change the treatment of certain rental obligations during bankruptcy. Display Title A bill to amend title 11, United States Code, to change the treatment of certain rental obligations during bankruptcy. Official Title as Introduced A bill to amend title 11, United States Code, to change the treatment of certain rental obligations during bankruptcy. Introduced in Senate IS Introduced in Senate 2020-08-06T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116s4479is/xml/BILLS-116s4479is.xml 2020-08-06 Read twice and referred to the Committee on the Judiciary. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.