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HR 3982 101th Congress House Finance and Financial Sector Bank directors Bank failures Bankruptcy Compensation for victims of crime Damages Debtor and creditor Fraud Insurance Real property Savings and loan associations Trusts and trustees

Taxpayer Recovery Act of 1990

Introduced: February 7, 1990 See on congress.gov
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This bill died when the 101st Congress ended
It never became law before the 101st Congress (1989–1990) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 12, 1990
Referred to the Subcommittee on Economic and Commercial Law.
Feb 7, 1990
Referred to the House Committee on Judiciary.
Feb 7, 1990
Introduced in House
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 Plain-English summary Congressional Research Service

Taxpayer Recovery Act of 1990 - Amends the Federal bankruptcy code to exempt from a bankruptcy discharge: (1) a criminal restitution order issued against a person who has caused loss to a financial institution; (2) an order for damages arising from fraud or reckless disregard for the law involving a financial institution; and (3) judgments obtained by the FDIC against officers and directors for breach of fiduciary duty.

Extends from 60 to 120 days the time during which an objection to a discharge in bankruptcy petition may be filed.

Restricts to $7,500 the amount of real estate or insurance assets which may be shielded under the homestead exemption to the bankruptcy code.

What's happening now February 12, 1990

Referred to the Subcommittee on Economic and Commercial Law.

 Related & companion bills 1
  • S 2021 Identical bill Taxpayer Recovery Act of 1990
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 3
All 3 Democratic 3
D
Kaptur, Marcy
Ohio · Jun 14, 1990
 D
Pelosi, Nancy
California · Jun 14, 1990
 D
Neal, Richard E.
Massachusetts · Mar 21, 1990
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3982: Taxpayer Recovery Act of 1990. 101st Congress. Open America. https://openamerica.io/bill/101-HR-3982/
MLA
"H.R. 3982: Taxpayer Recovery Act of 1990." 101st Congress, 2026, Open America, https://openamerica.io/bill/101-HR-3982/.
Bluebook (legal)
H.R. 3982, 101st Cong. (2026), https://openamerica.io/bill/101-HR-3982/.
Markdown link
[H.R. 3982: Taxpayer Recovery Act of 1990](https://openamerica.io/bill/101-HR-3982/)
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