; and (B) ending on or before January 31, 2021. (2) Transition rule for individuals remaining entitled to regular compensation as of January 31, 2021 In the case of any individual who, as of the date specified in paragraph (1)(B), has not yet exhausted all rights to regular compensation under the State law of a State with respect to a benefit year that began before such date, Federal Pandemic Unemployment Compensation shall continue to be payable to such individual for any week beginning on or after such date for which the individual is otherwise eligible for regular compensation with respect to such benefit year. (3) Termination Notwithstanding any other provision of this subsection, no Federal Pandemic Unemployment Compensation shall be payable for any week beginning after July 31, 2021. . (2) Limitation on application of transition rule Section 2104(g) of such Act is amended by inserting (except for subsection (e)(2)) after the preceding provisions of this section . (3) Disregard of Federal Pandemic Unemployment Compensation for certain purposes Section 2104(h) of such Act is amended to read as follows: (h) Disregard of Federal Pandemic Unemployment Compensation for purposes of all Federal and federally assisted programs A Federal Pandemic Unemployment Compensation payment shall not be regarded as income and shall not be regarded as a resource for the month of receipt and the following 9 months, for purposes of determining the eligibility of the recipient (or the recipient’s spouse or family) for benefits or assistance, or the amount or extent of benefits or assistance, under any Federal program or under any State or local program financed in whole or in part with Federal funds. . (b) Extension and benefit phaseout rule for Pandemic Unemployment Assistance Section 2102(c) of the CARES Act ( 15 U.S.C. 9021(c) ) is amended— (1) in paragraph (1)— (A) by striking paragraph (2) and inserting paragraphs (2) and (3) ; and (B) in subparagraph (A)(ii), by striking December 31, 2020 and inserting January 31, 2021