Experts Unpack Important Commercial Bankruptcy Law Changes Enacted in December - Ep. 240
Legislative measures throughout 2020 were aimed at providing economic stability to meet the challenges of the financial distress caused by the COVID-19 pandemic, and December saw a flurry of activity that resulted in the Combined Consolidated Appropriations Act of 2021. The $2.3 trillion spending bill combined $900 billion in stimulus relief for the COVID-19 pandemic with a $1.4 trillion omnibus spending bill for the 2021 federal fiscal year. The bill passed both chambers of Congress on Dec. 21 and was signed into law by the President on December 27. Within the nearly 5,600 pages of this bill were important changes to the Bankruptcy Code. In this podcast, ABI Legislation Committee Co-Chair Ferve Khan of BakerHostetler (New York) discusses the changes with Tiffany Payne Geyer of BakerHostetler (Orlando) and Tom Salerno of Stinson LLP (Phoenix).