Law360 (March 17, 2021, 9:15 PM EDT) — Simply days earlier than a key deadline, the Home on Wednesday simply voted to increase private and small enterprise chapter aid provisions that have been a part of final yr’s pandemic support packages by means of March 2022.
The aid packages raised the utmost debt restrict for small companies utilizing a streamlined chapter course of, and allowed people to hunt COVID-19-related hardship modifications, amongst different modifications. Chapter provisions within the CARES Act are set to run out March 22, whereas others included within the December aid package deal have an finish date of Dec. 27.
Home Judiciary Committee Chairman Jerry Nadler, D-N.Y., sponsored the COVID-19 Chapter Reduction Extension Act,…
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