US HB2533 | 2011-2012 | 112th Congress

Status

Spectrum: Bipartisan Bill
Status: Introduced on July 14 2011 - 25% progression, died in chamber
Action: 2011-09-08 - Subcommittee Hearings Held.
Text: Latest bill text (Introduced) [PDF]

Summary

Chapter 11 Bankruptcy Venue Reform Act of 2011 - Amends the federal judicial code to require chapter 11 (Reorganization) bankruptcy cases filed by corporations to be commenced in the district court for the district in which: (1) the corporation's principal place of business or principal assets in the United States have been located for one year immediately preceding such commencement, or for a longer portion of such one-year period than such corporation's U.S. principal place of business or principal assets were located in any other district; or (2) an affiliate of such corporation has a liquidation case pending, if the affiliate owns, controls, or holds with power to vote over 50% of the outstanding voting securities of such corporation. Applies such venue requirements only to cases commenced on or after enactment of this Act.

Tracking Information

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Title

Chapter 11 Bankruptcy Venue Reform Act of 2011

Sponsors


History

DateChamberAction
2011-09-08HouseSubcommittee Hearings Held.
2011-08-25HouseReferred to the Subcommittee on Courts, Commercial and Administrative Law.
2011-07-14HouseReferred to the House Committee on the Judiciary.

Subjects


US Congress State Sources


Bill Comments

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