The National Emergencies Act, referred to in subsec. (a)(1), is Pub. L. 94–412, Sept. 14, 1976, 90 Stat. 1255, which is classified principally to chapter 34 (§ 1601 et seq.) of Title 50, War and National Defense. For complete classification of this Act to the Code, see Short Title note set out under section 1601 of Title 50 and Tables.

2020—Subsec. (a)(1). Pub. L. 116–260, § 541(2), substituted “January 1, 2022” for “December 31, 2020”.

Subsec. (b)(1). Pub. L. 116–260, § 541(1), inserted “, including an insurance company,” after “financial institution” in introductory provisions.

Subsec. (b)(1)(B). Pub. L. 116–260, § 541(3), inserted “under United States Generally Accepted Accounting Principles” after “accounting purposes”.

Subsec. (c). Pub. L. 116–260, § 541(1), inserted “, including an insurance company,” after “financial institution” in two places.

Subsec. (d)(1). Pub. L. 116–260, § 541(4), inserted “, including insurance companies,” after “financial institutions”.