S. 473Senate117th Congress (2021-2023)In Committee

COVID–19 Bankruptcy Relief Extension Act of 2021

Introduced February 25, 2021

AI-Generated Summary

Updated February 7, 2026 at 11:16 PM UTC

The COVID‑19 Bankruptcy Relief Extension Act of 2021 amends the CARES Act to lengthen the period during which a debtor can be treated as a small business for bankruptcy relief. It changes the sunset from one year to two years and updates related statutory references. The bill also pushes forward a deadline in the 2021 Consolidated Appropriations Act to March 27, 2022, extending certain bankruptcy assistance provisions.

Key Provisions

  • Extends the definition of a small business debtor under the CARES Act from 1 year to 2 years by revising the relevant subsections.
  • Updates references in the bankruptcy code to point to this new Act for plan modifications after confirmation.
  • Changes the deadline in the Consolidated Appropriations Act, 2021 from one year after enactment to March 27, 2022, extending related bankruptcy relief.

Legislative Activity

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1 earlier action
SenateIntro Referral Latest Action

Read twice and referred to the Committee on the Judiciary. (text: CR S900)

February 25, 2021

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SenateIntro Referral

Introduced in Senate

February 25, 2021

SenateIntro Referral

Read twice and referred to the Committee on the Judiciary. (text: CR S900)

February 25, 2021

Floor Debate

4 members

What members said about S. 473 on the floor

1 Republican3 Democrats
Benjamin L. Cardin
Sen. Benjamin L. CardinD-MD · Feb 25, 2021

Mr. President, I rise today to discuss two bills addressing oral health, which I am introducing today. These bills will provide incentives for dental and dental hygiene graduates to remain as dental…

Tim Kaine
Sen. Tim KaineD-VA · Feb 25, 2021

Mr. President, today I am introducing a bill to assess the feasibility of establishing a National Heritage Area in the Great Dismal Swamp, as part of an effort to study, recognize, and preserve the…

John Thune
Sen. John ThuneR-SD · Feb 25, 2021

Mr. President, I ask unanimous consent that the text of the bill be printed in the Record.

Richard J. Durbin
Sen. Richard J. DurbinD-IL · Feb 25, 2021

Mr. President, I ask unanimous consent that the text of the bill be printed in the Record.

Bill Text

Latest available legislative text

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Introduced in SenateIssued February 25, 2021

II

117th CONGRESS

1st Session

S. 473

IN THE SENATE OF THE UNITED STATES

February 25, 2021

Mr. Durbin (for himself and Mr. Grassley) introduced the following bill; which was read twice and referred to the Committee on the Judiciary

A BILL

To amend the CARES Act to extend the sunset for the definition of a small business debtor, and for other purposes.

1.

Short title

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

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.

(c)

Bankruptcy relief

Section 1001 of division FF of the Consolidated Appropriations Act, 2021 (Public Law 116–260) is amended by striking the date that is 1 year after the date of enactment of this Act each place the term appears and inserting March 27, 2022.