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S 2059 104th Congress Senate Finance and Financial Sector Bankruptcy Commerce Contracts Debtor and creditor Law Leases Trusts and trustees

Non-Monetary Default and Unexpired Lease in Bankruptcy Reform Act of 1996

Introduced: September 9, 1996 Introduced by: Grassley, Chuck Republican · Iowa See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 9, 1996
Read twice and referred to the Committee on Judiciary.
Sep 9, 1996
Introduced in Senate
 Plain-English summary Congressional Research Service

Non-Monetary Default and Unexpired Lease in Bankruptcy Reform Act of 1996 - Amends Federal bankruptcy law to declare that the trustee in bankruptcy may assume a debtor's executory contract or an unexpired lease of personal property without satisfying any penalty rate or penalty provision relating to a default arising from the debtor's failure to perform nonmonetary obligations under the contract or lease.

What's happening now September 9, 1996

Read twice and referred to the Committee on Judiciary.

 Committees of jurisdiction 1