Skip to main content
HR 5347 100th Congress House Finance and Financial Sector Antitrust actions Antitrust law Authorization Bankruptcy Congressional oversight Consumer price indexes Copyright Debtor and creditor Electronic data processing Fees Government Operations and Politics Government securities Indexing (Economic policy) Information services Information storage and retrieval systems Intellectual property Inventions Leases Libraries

Intellectual Property Antitrust Protection Act of 1988

Introduced: September 23, 1988 See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 17 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 20, 1988
S. 1863 passed in Senate relating to this measure.
Oct 18, 1988
Message on Senate action sent to the House.
Oct 14, 1988
Passed Senate with an amendment by Voice Vote.
Oct 14, 1988
Passed/agreed to in Senate: Passed Senate with an amendment by Voice Vote.
Oct 14, 1988
Measure laid before Senate by unanimous consent.
Oct 4, 1988
Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 1065.
Oct 4, 1988
Passed House (Amended) by Yea-Nay Vote: 413 - 1 (Record Vote No: 392).
Oct 4, 1988
Passed/agreed to in House: Passed House (Amended) by Yea-Nay Vote: 413 - 1 (Record Vote No: 392).
Oct 3, 1988
Considered by House Unfinished Business.
Oct 3, 1988
Called up by House Under Suspension of Rules.
Sep 30, 1988
Placed on Union Calendar No: 599.
Sep 30, 1988
Reported to House by House Committee on The Judiciary. Report No: 100-1011.
Sep 27, 1988
Ordered to be Reported.
Sep 27, 1988
Committee Consideration and Mark-up Session Held.
Sep 23, 1988
For Previous Action See H.R.3845.
Sep 23, 1988
Referred to House Committee on The Judiciary.
Sep 23, 1988
Introduced in House
 Plain-English summary Congressional Research Service

Amends Federal bankruptcy provisions relating to the adjustment of debts of a municipality to revise rules relating to the treatment of special revenue bonds.

Treats as an administrative expense any claim against a debtor municipality if the debtor provides adequate protection of the interest of the holder of a claim secured by a lien on property of the debtor and if the creditor has a claim from a stay of action against such property. Specifies that the filing of a bankruptcy petition does not operate as a stay of application of pledged special revenues to payment of indebtedness secured by such revenues.

Specifies that the transfer of property of the debtor to or for the benefit of any holder of a bond or note, on account of such bond or note, may not be avoided.

Provides that the holder of a claim payable solely from special revenues of a municipality under applicable nonbankruptcy law shall not be treated as having recourse against the debtor as an unsecured creditor.

Provides that special revenues acquired by the debtor after the commencement of the case shall remain subject to any lien resulting from any security agreement entered into by the debtor before the commencement of the case. Specifies that any such lien on special revenues derived from a project or system shall be subject to the necessary operating expenses of such project or system.

Specifies that a lease to a municipality shall not be treated as an executory contract or unexpired lease by reason of its being subject to termination in the event the debtor fails to appropriate rent.

What's happening now October 20, 1988

S. 1863 passed in Senate relating to this measure.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 2