US HB4421 | 2019-2020 | 116th Congress
Status
Spectrum: Slight Partisan Bill (Democrat 15-6)
Status: Introduced on September 19 2019 - 25% progression, died in committee
Action: 2019-10-28 - Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.
Pending: House Subcommittee on Antitrust, Commercial, and Administrative Law Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on September 19 2019 - 25% progression, died in committee
Action: 2019-10-28 - Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.
Pending: House Subcommittee on Antitrust, Commercial, and Administrative Law Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Limits where a non-individual debtor (e.g., a corporate debtor) may file for chapter 11 bankruptcy. Specifically, these debtors must file in the district court for the district in which the principal place of business or principal assets of the debtor are located. Under current law, these debtors may also file where they are domiciled (i.e., incorporated) or where there is a chapter 11 case pending concerning an affiliate, general partner, or partnership. For certain debtors who are issuers of securities, their principal place of business is defined in the bill as the address of the entity's principal executive office as provided in specified Securities and Exchange Commission filings.
Title
Bankruptcy Venue Reform Act of 2019
Sponsors
Rep. Zoe Lofgren [D-CA] | Rep. James Sensenbrenner [R-WI] | Rep. Charlie Crist [D-FL] | Rep. Greg Steube [R-FL] |
Rep. Richard Neal [D-MA] | Rep. Michael Burgess [R-TX] | Rep. Stephen Lynch [D-MA] | Rep. Lance Gooden [R-TX] |
Rep. Joseph Kennedy [D-MA] | Rep. William Timmons [R-SC] | Rep. Greg Stanton [D-AZ] | Rep. James McGovern [D-MA] |
Rep. Mike Thompson [D-CA] | Rep. Ann Kirkpatrick [D-AZ] | Rep. Haley Stevens [D-MI] | Rep. Ayanna Pressley [D-MA] |
Rep. Jim Cooper [D-TN] | Rep. Susan Brooks [R-IN] | Rep. Kendra Horn [D-OK] | Rep. Joe Cunningham [D-SC] |
Rep. Abby Finkenauer [D-IA] |
History
Date | Chamber | Action |
---|---|---|
2019-10-28 | House | Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law. |
2019-09-19 | House | Referred to the House Committee on the Judiciary. |
2019-09-19 | House | Introduced in House |
Same As/Similar To
SB5032 (Related) 2020-12-16 - Read twice and referred to the Committee on the Judiciary.
Subjects
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/house-bill/4421/all-info |
Text | https://www.congress.gov/116/bills/hr4421/BILLS-116hr4421ih.pdf |