,,ii  #aafth ,,congress  #b;d ,session  
,s4 #ddgi  ,,in ,,the ,,senate ,,of     
,,the ,,united ,,states  ,august #f1    
#bjbj,mr4 ,tillis introduced the        
following bill2 which was read twice and
 referred to the ,committee on the      
,judiciary  ,a ,,bill  ,to amend title  
#aa1 ,united ,states ,code1 to change   
the treatment of certain rental         
obligations during bankruptcy4  #a4     
,bankruptcy amendments  7a7 ,executory  
contracts and unexpired leases  7#a7 ,in
 general ,section #cfe7;d7 of title #aa1
 ,united ,states ,code1 is amended--    
7,a7 in paragraph 7#c7-- 7i7 by         
inserting 7,a7 after 7#c72  7ii7 by     
inserting 1 except as provided in       
subparagraph 7,b7 after such #fj-;day   
period2 and  7iii7 by adding at the end 
the following3  7,b7 ,in a case under   
subchapter ,v of chapter #aa1 the time  
for performance of an obligation        
described in subparagraph 7,a7 arising  
under any unexpired lease of            
nonresidential real property may be     

extended by the court if the debtor is  
experiencing or has experienced a       
material financial hardship due1        
directly or indirectly1 to the          
coronavirus disease #bjai 7,,covid-#ai7 
pandemic until the earlier of-- 7i7 the 
date that is #fj days after the date of 
the order for relief1 which may be      
extended by the court for an additional 
period of #fj days if the court         
determines that the debtor is continuing
 to experience a material financial     
hardship due1 directly or indirectly1 to
 the coronavirus disease #bjai          
7,,covid-#ai7 pandemic2 or  7ii7 the    
date on which the lease is assumed or   
rejected under this section4  7,c7 ,an  
obligation described in subparagraph    
7,a7 for which an extension is granted  
under subparagraph 7,b7 shall be treated
 as an administrative expense described 
in section #ejg7;a77#b7 in accordance   
with section #aaia7;e74  2 and  7,b7 in 
paragraph 7#d71 by striking #abj each   
place it appears and inserting #baj4    

7#b7 ,sunset  7,a7 ,in general          
,effective on the date that is #b years 
after the date of enactment of this     
,act1 section #cfe7;d7 of title #aa1    
,united ,states ,code1 is amended-- 7i7 
in paragraph 7#c7-- 7,i7 by striking    
7,a7 after 7#c72  7,,ii7 by striking 1  
except as provided in subparagraph 7,b7 
after such #fj-;day period2 and  7,,iii7
 by striking subparagraphs 7,b7 and     
7,c72 and  7ii7 in paragraph 7#d71 by   
striking #baj each place it appears and 
inserting #abj4  7,b7 ,subchapter ,v    
cases filed before sunset               
,notwithstanding the amendments made by 
subparagraph 7,a71 the amendments made  
by paragraph 7#a7 shall apply in any    
case commenced under subchapter ,v of   
chapter #aa of title #aa1 ,united       
,states ,code1 before the date that is  
#b years after the date of enactment of 
this ,act4  7b7 ,preferences  7#a7 ,in  
general ,section #edg of title #aa1     
,united ,states ,code1 is amended-- 7,a7
 in subsection 7b71 in the matter       

preceding paragraph 7#a71 by striking   
and 7i7 and inserting 1 7i71 and 7j72   
and  7,b7 by adding at the end the      
following3  7j7 7#a7 ,in this           
subsection3 7,a7 ,the term covered      
payment of rental arrearages means a    
payment of arrearages that-- 7i7 is made
 in connection with an agreement or     
arrangement-- 7,i7 between the debtor   
and a lessor to defer or postpone the   
payment of rent and other periodic      
charges under a lease of nonresidential 
real property2 and  7,,ii7 made or      
entered into on or after ,march #ac1    
#bjbj2  7ii7 does not exceed the amount 
of rental and other periodic charges    
agreed to under the lease of            
nonresidential real property described  
in clause 7i77,i7 before ,march #ac1    
#bjbj2 and  7iii7 does not include fees1
 penalties1 or interest in an amount    
greater than the amount of fees1        
penalties1 or interest-- 7,i7 scheduled 
to be paid under the lease of           
nonresidential real property described  

in clause 7i77,i72 or  7,,ii7 that the  
debtor would owe if the debtor had made 
every payment due under the lease of    
nonresidential real property described  
in clause 7i77,i7 on time and in full   
before ,march #ac1 #bjbj4  7,b7 ,the    
term covered payment of supplier        
arrearages means a payment of arrearages
 that-- 7i7 is made in connection with  
an agreement or arrangement-- 7,i7      
between the debtor and a supplier of    
goods or services to defer or postpone  
the payment of amounts due under an     
executory contract for goods or         
services2 and  7,,ii7 made or entered   
into on or after ,march #ac1 #bjbj2     
7ii7 does not exceed the amount due     
under the executory contract described  
in clause 7i77,i7 before ,march #ac1    
#bjbj2 and  7iii7 does not include fees1
 penalties1 or interest in an amount    
greater than the amount of fees1        
penalties1 or interest-- 7,i7 scheduled 
to be paid under the executory contract 
described in clause 7i77,i72 or  7,,ii7 

that the debtor would owe if the debtor 
had made every payment due under the    
executory contract described in clause  
7i77,i7 on time and in full before      
,march #ac1 #bjbj4  7#b7 ,the trustee   
may not avoid a transfer under this     
section for-- 7,a7 a covered payment of 
rental arrearages2 or  7,b7 a covered   
payment of supplier arrearages4  4  7#b7
 ,sunset  7,a7 ,in general ,effective on
 the date that is #b years after the    
date of enactment of this ,act1 section 
#edg of title #aa1 ,united ,states      
,code1 is amended-- 7i7 in subsection   
7b71 in the matter preceding paragraph  
7#a71 by striking 1 7i71 and 7j7 and    
inserting and 7i72 and  7ii7 by striking
 subsection 7j74  7,b7 ,cases filed     
before sunset ,notwithstanding the      
amendments made by subparagraph 7,a71   
the amendments made by paragraph 7#a7   
shall apply in any case commenced under 
title #aa1 ,united ,states ,code1 before
 the date that is #b years after the    
date of enactment of this ,act4