H.R. 2415

H.R. 2415
Author:
Publisher:
Total Pages: 0
Release: 2001
Genre:
ISBN:

A final effort to enact bankruptcy reform legislation took place as the 106th Congress came to a close. On Oct. 12, 2000, the House passed a conference report which embodied the legislation negotiated between House and Senate Republican leadership. It was passed by the Senate as well on December 7, 2000 by a vote of 70 to 28. The legislation retained the essential elements of consumer reform that previously passed both chambers, i.e., a complicated means test to exclude some debtors from chapter 7 and stricter performance requirements for chapter 13 debtors. Among the more controversial provisions, the Senate-passed provision making liability for violence against abortion facilities nondischargeable was omitted. With respect to the homestead provision, a modified version of the House approach was adopted. This means that homestead exemptions would continue to vary from state to state, but debtors would be discouraged from making pre-bankruptcy domiciliary homestead adjustments. Because the bill retained features that the White House objected to, President Clinton pocket-vetoed it. The legislation is likely to be taken up again in the 107th Congress.

Bankruptcy Act Revision

Bankruptcy Act Revision
Author: United States. Congress. House. Committee on the Judiciary. Subcommittee on Civil and Constitutional Rights
Publisher:
Total Pages: 632
Release: 1975
Genre: Bankruptcy
ISBN: