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S 684 106th Congress Senate Finance and Financial Sector Agricultural credit Agriculture and Food Bankruptcy Debtor and creditor Families Family farms Fisheries Fishing boats Liens Marine and coastal resources, fisheries

A bill to amend title 11, United States Code, to provide for family fishermen, and to make chapter 12 of title 11, United States Code, permanent.

Introduced: March 23, 1999 Introduced by: Collins, Susan M. Republican · Maine See on congress.gov
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 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 23, 1999
Read twice and referred to the Committee on Judiciary.
Mar 23, 1999
Sponsor introductory remarks on measure. (CR S3134-3135)
Mar 23, 1999
Introduced in Senate
Mar 20, 1999
Sponsor introductory remarks on measure. (CR S3891-3892)
 Plain-English summary Congressional Research Service

Amends the Omnibus Consolidated and Emergency Supplemental Appropriations Act, 1999 to reenact permanently chapter 12 of the Federal Bankruptcy Code (Adjustments of Debts of a Family Farmer).

Amends Federal bankruptcy provisions to include family fishermen as authorized debtors.

Requires a guarantor of a claim of a creditor to be treated in the same manner as a creditor with respect to the operation of a stay under such provisions. Treats, with respect to the ownership or operation of a commercial fishing operation, a co-maker of a loan made by a creditor in the same manner as a creditor with respect to such a stay.

Includes a commercial fishing operation under provisions concerning debtor rights and powers.

Treats a claim for a lien for a commercial fishing vessel of a family fisherman as an unsecured claim. States that such treatment shall not apply to: (1) a claim made by a crewmember or seaman for wages or personal injury; or (2) a preferred ship mortgage that has been perfected under provisions of the Uniform Commercial Code.

What's happening now March 23, 1999

Read twice and referred to the Committee on Judiciary.

 Committees of jurisdiction 1