S 260
106th Congress
Senate
Finance and Financial Sector
Agricultural credit
Agriculture and Food
Bankruptcy
Debtor and creditor
Families
Family farms
Law
Trusts and trustees
Safeguarding America's Farms Entering the Year 2000 Act
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 20, 1999
Read twice and referred to the Committee on Judiciary.
Jan 20, 1999
Sponsor introductory remarks on measure. (CR S764-765)
Jan 20, 1999
Introduced in Senate
Plain-English summary
Safeguarding America's Farms Entering the Year 2000 Act - Amends the Federal Bankruptcy Code to: (1) reenact Chapter 12, Adjustment of Debts of a Family Farmer with Regular Annual Income, (thereby reinstating family farmer bankruptcy relief); (2) cite circumstances under which the claim of a governmental unit that arises as a result of the disposition of a farm asset used in the debtor's farming operation shall be treated as an unsecured claim that is not entitled to priority; and (3) revise the criteria defining family farmer, including the size of the attendant aggregate debt.
What's happening now
Read twice and referred to the Committee on Judiciary.
Committees of jurisdiction
1