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]

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.

Tracking Information

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Title

Bankruptcy Venue Reform Act of 2019

Sponsors


History

DateChamberAction
2019-10-28HouseReferred to the Subcommittee on Antitrust, Commercial, and Administrative Law.
2019-09-19HouseReferred to the House Committee on the Judiciary.
2019-09-19HouseIntroduced 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


Bill Comments

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