1、CRS INSIGHT Prepared for Members and Committees of Congress INSIGHTINSIGHTi i CARES Act Bank and Credit Union Relief: Expirations and Extensions Under P.L. 116-260 January 11, 2021 The economic effects of the Coronavirus Disease 2019 (COVID-19) pandemic may cause numerous borrowers to miss loan repa
2、yments, potentially leading to distress at banks and credit unions. As part of Congresss response, Division A of the CARES Act (P.L. 116-136) included six sections4008, 4011, 4012, 4013, 4014, and 4016that either temporarily relaxed regulations facing banks and credit unions or provided regulators a
3、dditional temporary authorities to support those institutions and their lending. Those sections are examined in CRS Insight IN11318, The CARES Act (P.L. 116-136): Provisions Designed to Help Banks and Credit Unions, and CRS Insight IN11307, The CARES Act (P.L. 116-136) Section 4008: FDIC Bank Debt G
4、uarantee Authority. This Insight identifies which provisions were extended by the Consolidated Appropriations Act, 2021 (P.L. 116-260); which provisions expired; and the possible implications of those extensions and expirations. As enacted, the CARES Act provisions would have expired on the earlier
