; and (B) not more than 90 days after a payment default. (e) Rule of construction Nothing in this section may be construed to limit the authority of the Administrator to make payments pursuant to subsection (c) with respect to a covered loan solely because the covered loan has been sold in the secondary market. (f) Authorization of appropriations There is authorized to be appropriated to the Administrator $16,800,000,000 to carry out this section. 10. Emergency rulemaking authority Not later than 15 days after the date of enactment of this Act, the Administrator shall issue regulations to carry out this Act and the amendments made by this Act without regard to the notice requirements under section 553(b) of title 5, United States Code. V Regulatory relief 1. Repealing burdensome regulations (a) Within 7 days of enactment of this Act, each agency (as defined in 5 U.S.C. 551 ) shall identify major regulations (as defined in 5 U.S.C. 804(2) ) that, if amended, suspended, or repealed, would provide immediate financial or economic relief. (b) Within 15 days of enactment, each agency shall submit to the President a plan to immediately suspend enforcement of the regulations identified in accordance with subsection (a). (c) Regulations suspended in accordance with this section may not be reinstated unless approved by a joint resolution of Congress. (d) The requirements under chapter 5 of title 5, United States Code, shall not apply to the suspension of regulations identified under this section. VI Temporary relief from home and auto loans 1. Foreclosure moratorium and consumer right to request forbearance (a) Definitions In this section: (1) COVID–19 emergency The term COVID–19 emergency means the national emergency concerning the novel coronavirus disease (COVID–19) outbreak declared by the President on March 13, 2020, under the National Emergencies Act ( 50 U.S.C. 1601 et seq.). (2) Federally backed mortgage loan The term Federally backed mortgage loan includes any loan which is secured by a first or subordinate lien