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United States Code
U.S.C. Title 15-COMMERCE AND TRADE
CHAPTER 116-CORONAVIRUS ECONOMIC STABILIZATION (CARES ACT)
SUBCHAPTER III-ECONOMIC STABILIZATION AND ASSISTANCE TO SEVERELY DISTRESSED SECTORS OF THE UNITED STATES ECONOMY
Part A-Coronavirus Economic Stabilization

15 U.S. Code § 9063

Termination of authority

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15 U.S. Code § 9063. Termination of authority

(a) In general

Except as provided in subsection (b), on December 31, 2020, the authority provided under this part to make loans, loan guarantees, or other investments shall terminate.

(b) Outstanding

(1) In generalExcept as provided in paragraph (2), any loan or loan guarantee made under paragraph (1), (2), or (3) of section 9042(b) of this title outstanding on the date described in subsection (a)—

(A)

may be modified, restructured, or otherwise amended; and

(B)

may not be forgiven.

(2) Duration

The duration of any loan or loan guarantee made under section 9042(b)(1) of this title that is modified, restructured, or otherwise amended under paragraph (1) shall not be extended beyond 5 years from the initial origination date of the loan or loan guarantee.

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Current through

The United States Code on COSMOS is current through Public Law 118-64 (05/24/2024).

Part A-Coronavirus Economic Stabilization

§9041 Definitions
§9042 Emergency relief and taxpayer protections
§9043 Limitation on certain employee compensation
§9044 Continuation of certain air service
§9045 Coordination with Secretary of Transportation
§9046 Suspension of certain aviation excise taxes
§9047 Federal credit union transaction account guarantees
§9048 Temporary Government in the Sunshine Act relief
§9049 Temporary hiring flexibility
§9050 Temporary relief for community banks
§9051 Temporary relief from troubled debt restructurings
§9052 Optional temporary relief from current expected credit losses
§9053 Special Inspector General for Pandemic Recovery
§9054 Conflicts of interest
§9055 Congressional Oversight Commission
§9056 Foreclosure moratorium and consumer right to request forbearance
§9057 Forbearance of residential mortgage loan payments for multifamily properties with Federally backed loans
§9058 Temporary moratorium on eviction filings
§9058a Emergency rental assistance
§9058b Funding for water assistance program
§9058c Emergency rental assistance
§9058d Homeowner Assistance Fund
§9059 Protection of collective bargaining agreement
§9060 Reports
§9061 Direct appropriation
§9062 Rule of construction
§9063 Termination of authority

U.S. Code Popular Name Table

Popular Names

Americans with Disabilities Act 42 U.S.C. § 12101 et seq.

Anti-Kickback Statute 42 U.S.C. § 1320a–7b(b)

Clayton Act 15 U.S.C. § 12 et seq.

Clean Air Act 42 U.S.C. § 7401 et seq.

Commodity Exchange Act 7 U.S.C. § 1

Comprehensive Environmental Response, Compensation, and Liability Act of 1980 (CERCLA) 42 U.S.C. § 9601 et seq.

Controlled Substances Act 21 U.S.C. § 801 et seq.

Emergency Medical Treatment and Labor Act (EMTALA) 42 U.S.C. § 1395dd

Fair Credit Reporting Act 15 U.S.C. § 1681

False Claims Act 31 U.S.C. § 3729 et seq.

Federal Food, Drug, and Cosmetic Act 21 U.S.C. § 301 et seq.

Federal Insecticide, Fungicide, and Rodenticide Act 7 U.S.C. § 136 et seq.

Federal Trade Commission Act 15 U.S.C. § 41 et seq.

Foreign corrupt Practices Act 15 U.S.C. § 78dd-1 et seq.

Fraud Enforcement and Recovery Act of 2009 (FERA) 18 U.S.C. § 27

Health Information Technology for Economic and Clinical Health Act (HITECH) 42 U.S.C. § 300jj et seq., 42 U.S.C. § 17901 et seq.

Health Insurance Portability and Accountability Act of 1996 (HIPAA) 42 U.S.C. § 201

National Environmental Policy Act (NEPA) 42 U.S.C. § 4321 et seq.

Patient Protection and Affordable Care Act 42 U.S.C. § 18001 et seq.

Physician Payments Sunshine Act 42 U.S.C. § 1320a–7h

Public Health Service Act 42 U.S.C. § 201 et seq.

Resource Conservation and Recovery Act (RCRA) 42 U.S.C. § 6901 et seq.

Robinson–Patman Act 15 U.S.C. § 13

Sarbanes-Oxley Act 15 U.S.C. § 7201 et seq.

Securities Act of 1933 15 U.S.C. § 77a et seq.

Sentencing Reform Act of 1984 18 U.S.C. § 3551 et seq.

Sherman Act 15 U.S.C. § 1 et seq.

Social Security Act 42 U.S.C. § 301 et seq.

Stark Law 42 U.S.C. § 1395nn

Toxic Substances Control Act 15 U.S.C. § 2601 et seq.

Termination of authority

15 U.S. Code § 9063. Termination of authority

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