,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #giac  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,july #ca1 #bjbj ,mr4 
,luetkemey] introduc$ ! foll[+ bill2 :i*
 0 ref]r$ to ! ,committee on ,f9ancial  
,s]vices  ,a ,,bill  ,to am5d ! ,,c>es  
,act to improve ! tempor>y relief f     
tr\bl$ debt re/ructur+s1 & = o!r        
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,f9ancial ,in/itution      
,=be>ance ,act4  #b4 ,tempor>y relief f 
tr\bl$ debt re/ructur+s  7a7 ,def9itions
 ,section #djac7;a7 ( ! ,,c>es ,act 7#ae
 ,u4,s4,c4 #ijea7;a77 is am5d$--  7#a7 9
 p>agraph 7#a71 by /rik+ ! e>li] (      
,decemb] #ca1 #bjbj1 or ! date t is #fj 
days aft] ! date on :i* ! national      
em]g5cy conc]n+ ! novel coronavirus     
disease 7,,covid-#ai7 outbreak decl>$ by
 ! ,presid5t on ,m>* #ac1 #bjbj "u !    
,national ,em]g5cies ,act 7#ej ,u4,s4,c4
 #afja et seq47 t]m9ates & ins]t+ ,m>*  
#a1 #bjba2 &  7#b7 by add+ at ! end !   
foll[+3  7#c7 ,depository in/itution ,! 
t]m depository in/itution-- 7,a7 has !  

mean+ giv5 ! t]m 9 section #c ( ! ,f$]al
 ,deposit ,insurance ,act2 &  7,b7 means
 a ,/ate or ,f$]al cr$it union1 z su*   
t]ms are def9$1 respectively1 "u section
 #aja ( ! ,f$]al ,cr$it ,union ,act4    
7#d7 ,f9ancial in/itution ,! t]m        
f9ancial in/itution means--  7,a7 a     
depository in/itution2  7,b7 a l5d] t is
 n a depository in/itution2 &  7,c7 an  
insur]4  4  7b7 ,applicability ,section 
#djac7;b77#b77;,a7 ( ! ,,c>es ,act 7#ae 
,u4,s4,c4 #ijea7;b77#b77;,a77 is am5d$  
by /rik+ ,decemb] #ca1 #bjai & ins]t+   
,m>* #a1 #bjbj4  7c7 ,treatm5t by       
regulators ,section #djac ( ! ,,c>es    
,act 7#ae ,u4,s4,c4 #ijea7 is am5d$--   
7#a7 9 subsection 7c71 by /rik+ f9ancial
 in/itution ea* place su* t]m appe>s &  
ins]t+ depository in/itution2 &  7#b7 by
 add+ at ! end ! foll[+3  7e7 ,treatm5t 
by regulators  7#a7 ,9 g5]al ,) respect 
to any loan = :i* an election has be5   
made by a depository in/itution "u      
subsection 7b71 ! appropriate ,f$]al    
bank+ ag5cy--  7,a7 at ! election ( !   

depository in/itution1 %all n require ! 
depository in/itution to classify su*   
loan z impair$ = cr$it risk until ,april
 #a1 #bjbb2 &  7,b7 at ! election ( !   
depository in/itution1 %all1 until      
,april #a1 #bjbb1 = ! purpose (         
calculat+ res]ves & capital1 & = any o!r
 acc\nt+ purpose1 all[ a depository     
in/itution to treat su* loan 9 ! same   
mann] z ! loan 0 7or w\ld h be57 treat$ 
on ,decemb] #ca1 #bjai4  7#b7           
,limitation  7,a7 ,9 g5]al ,p>agraph    
7#a7 %all n apply to a depository       
in/itution if ! appropriate ,f$]al bank+
 ag5cy det]m9es t-- 7i7 ! depository    
in/itution 0 n well capitaliz$ z (      
,decemb] #ca1 #bjai2  7ii7 apply+       
p>agraph 7#a7 to ! depository in/itution
 w\ld pose a direct risk to ! ,deposit  
,insurance ,fund or ! ,national ,cr$it  
,union ,%>e ,insurance ,fund2 or  7iii7 
!re is reasonable cause to believe t !  
depository in/itution or an             
in/itution-affiliat$ p>ty is violat+1 or
 is ab\t to violate1 a ,f$]al /atute or 

rule4  7,b7 ,cease & desi/ lett]        
requirem5t ,be=e ! appropriate ,f$]al   
bank+ ag5cy may make a det]m9ation "u   
clause 7ii7 or 7iii7 ( subp>agraph 7,a71
 ! appropriate ,f$]al bank+ ag5cy %all  
issue a cease & desi/ ord] to !         
depository in/itution & comply ) !      
process requir$ "u section #h7;b7 ( !   
,f$]al ,deposit ,insurance ,act 7#ab    
,u4,s4,c4 #ahah7 ) respect to a cease & 
desi/ ord]4  4  7d7 ,balance %eet       
treatm5t ( loans ,section #djac ( !     
,,c>es ,act 7#ae ,u4,s4,c4 #ijea71 z    
am5d$ by subsection 7c71 is fur!r am5d$ 
by add+ at ! end ! foll[+3  7f7 ,balance
 %eet treatm5t ( loans ,= purposes ( a  
f9ancial in/itution's balance %eet1 !   
f9ancial in/itution %all place all loans
 = :i* an election has be5 made "u      
subsection 7b7 into a sep>ate acc\nt4  4