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S. 420 107th Congress Senate

Bankruptcy Reform Act of 2001

Official title: An original bill to amend title 11, United States Code, and for other purposes.

Introduced: March 1, 2001 Introduced by: Chuck Grassley Republican · Iowa See on congress.gov
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This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) 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 20 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 17, 2001
See also H.R. 333.
Mar 20, 2001
Held at the desk.
Mar 20, 2001
Received in the House.
Mar 20, 2001
Message on Senate action sent to the House.
Mar 15, 2001
Passed Senate with amendments by Yea-Nay Vote. 83 - 15. Record Vote Number: 36. (text as passed Senate: 3/19/2001 CR S2480-2530)
Mar 15, 2001
Passed/agreed to in Senate: Passed Senate with amendments by Yea-Nay Vote. 83 - 15. Record Vote Number: 36.(text as passed Senate: 3/19/2001 CR S2480-2530)
Mar 15, 2001
Considered by Senate. (consideration: CR S2324-2339, S2343-2379)
Mar 14, 2001
Cloture invoked in Senate by Yea-Nay Vote. 80 - 19. Record Vote Number: 29.
Mar 14, 2001
Considered by Senate. (consideration: CR S2273-2297, S2299-2300)
Mar 13, 2001
Considered by Senate. (consideration: CR S2172-2180, S2184-2214)
Mar 12, 2001
Cloture motion on the bill presented in Senate.
Mar 12, 2001
Considered by Senate. (consideration: CR S2142-2159)
Mar 9, 2001
Considered by Senate. (consideration: CR S2105-2013)
Mar 8, 2001
Considered by Senate. (consideration: CR S2018-2054)
Mar 7, 2001
Considered by Senate. (consideration: CR S1925-1962)
Mar 5, 2001
Measure laid before Senate by unanimous consent.
Mar 1, 2001
Placed on Senate Legislative Calendar under General Orders. Calendar No. 16.
Mar 1, 2001
Committee on the Judiciary. Original measure reported to Senate by Senator Grassley. Without written report.
Mar 1, 2001
Introduced in Senate
Feb 28, 2001
Committee on the Judiciary ordered to be reported an original measure.
 Amendments to this bill 97

Amendments propose changes to this bill. Members vote on amendments separately before the final bill vote. An agreed amendment becomes part of the bill; a failed amendment does not.

40 agreed to 3 failed 47 with no recorded outcome 7 withdrawn or other

AmendmentSponsorPurposeStatusLatest action
SAMDT 66 – To save taxpayers $4,000,000 over 5 years, the costs associated with the storage of the tax returns of debtor… Agreed to Mar 19, 2001
SAMDT 54 – To encourage debtors to file in chapter 13 to repay their debts. Agreed to Mar 19, 2001
SAMDT 43 Schumer, Charles E. To address exceptions to discharge. Agreed to Mar 19, 2001
SAMDT 109 Grassley, Chuck To provide that the Federal Crop Insurance Corporation shall promulgate final regulations to carry out certai… Agreed to Mar 15, 2001
SAMDT 108 – To correct the treatment of certain spousal income for purposes of means testing. Agreed to Mar 15, 2001
SAMDT 107 – To provide for an additional bankruptcy judgeship for the district of Nevada. Agreed to Mar 15, 2001
SAMDT 106 – To improve the bill. Agreed to Mar 15, 2001
SAMDT 105 – To change the period for no cramdown of debt secured by an automobile from 5 years to 3 years. Agreed to Mar 15, 2001
SAMDT 104 – To provide for notice to an expense of domestic support claims. Agreed to Mar 15, 2001
SAMDT 94 – To provide for the reissuance of a rule relating to ergonomics. Withdrawn Mar 15, 2001
SAMDT 81 Reed, Jack To require the General Accounting Office to conduct a study of the reaffirmation process, and for other purpo… Agreed to Mar 15, 2001
SAMDT 73 – To create an exemption for certain debtors. Withdrawn Mar 15, 2001
SAMDT 71 – To address the acceptable period of time between the filing of petitions for relief under chapter 12 of title… Failed Mar 15, 2001
SAMDT 70 – To change the relevant time period in determining current monthly income. Failed Mar 15, 2001
SAMDT 68 – To limit the value of certain real and personal property that a debtor may elect to exempt under State or loc… Agreed to Mar 15, 2001
SAMDT 60 – To make technical corrections to Title IX-Financial Contract Provisions. Agreed to Mar 15, 2001
SAMDT 59 – To provide certain certification filing guidelines for lessors seeking possession of residential property thr… Agreed to Mar 15, 2001
SAMDT 58 – To make an amendment to preserve the existing bankruptcy appellate structure while providing a mechanism for … Agreed to Mar 15, 2001
SAMDT 51 – To strike section 1310, relating to barring certain foreign judgments. Agreed to Mar 15, 2001
SAMDT 50 – To provide that political committees may not file for bankruptcy. Agreed to Mar 15, 2001
SAMDT 49 – To provide that the Federal election law fines and penalties are nondischargeable debts. Agreed to Mar 15, 2001
SAMDT 45 – To make amendments with respect to filings by small business concerns, and for other purposes. Agreed to Mar 15, 2001
SAMDT 42 – To strike section 310 (limitation on luxury goods) to prevent credit card debt from being routinely elevated … Agreed to Mar 15, 2001
SAMDT 41 – To protect the identities of minor children in bankruptcy proceedings. Agreed to Mar 15, 2001
SAMDT 38 – To allow for reasonable medical expenses, and for other purposes. Agreed to Mar 15, 2001
SAMDT 35 – To clarify the duties of a debtor who is the plan administrator of an employee benefit plan. Agreed to Mar 15, 2001
SAMDT 30 – To provide for a clarification of postpetition wages and benefits. Agreed to Mar 15, 2001
SAMDT 24 – To amend the definition of a bankruptcy petition preparer. Agreed to Mar 15, 2001
SAMDT 20 – To resolve an ambiguity relating to the definition of current monthly income. Agreed to Mar 15, 2001
SAMDT 19 – To correct the treatment of certain spousal income for purposes of means testing. Agreed to Mar 15, 2001
SAMDT 16 Collins, Susan M. To provide family fishermen with the same kind of protections and terms as granted to family farmers under ch… Agreed to Mar 15, 2001
SAMDT 15 – To clarify provisions relating to involuntary cases. Agreed to Mar 15, 2001
SAMDT 96 – Of a perfecting nature. Withdrawn Mar 14, 2001
SAMDT 95 – To provide for the nondischargeability of debts arising from the exchange of electric energy. Fell Mar 14, 2001
SAMDT 93 Durbin, Richard J. To provide a complete substitute. Agreed to Mar 14, 2001
SAMDT 78 Wyden, Ron To provide for the nondischargeability of debts arising from the exchange of electric energy. Agreed to Mar 14, 2001
SAMDT 40 – To ensure additional expenses associated with home energy costs are included in the debtor's monthly expenses. Agreed to Mar 14, 2001
SAMDT 37 – To provide that imports of semifinished steel slabs shall be considered to be articles like or directly compe… Withdrawn Mar 14, 2001
SAMDT 36 – To disallow certain claims and prohibit coercive debt collection practices. Agreed to Mar 14, 2001
SAMDT 75 – To amend the Truth in Lending Act with respect to extensions of credit to consumers under the age of 21. Agreed to Mar 13, 2001
SAMDT 39 – To remove the dollar limitation on retirement savings protected in bankruptcy. Agreed to Mar 13, 2001
SAMDT 32 – To establish a procedure to safeguard the surpluses of the Social Security and Medicare hospital insurance tr… Ruled out of order Mar 13, 2001
SAMDT 29 – To establish an off-budget lockbox to strengthen Social Security and Medicare. Ruled out of order Mar 13, 2001
SAMDT 27 – To make an amendment with respect to extensions of credit to underage consumers. Agreed to Mar 13, 2001
SAMDT 25 Schumer, Charles E. To make an amendment with respect to the preservation of claims and defenses upon the sale or transfer of a p… Agreed to Mar 13, 2001
SAMDT 28 – To increase the authorization of appropriations for low-income energy assistance, weatherization, and State e… Agreed to Mar 8, 2001
SAMDT 26 – To strike certain provisions relating to small businesses, and for other purposes, Agreed to Mar 8, 2001
SAMDT 17 Durbin, Richard J. To make an amendment with respect to predatory lending practices, and for other purposes. Agreed to Mar 8, 2001
SAMDT 14 – To create an exemption for certain debtors that can demonstrate to the satisfaction of the court that the rea… Failed Mar 7, 2001
SAMDT 13 – To provide small business creditors priority over larger businesses relating to distribution of the bankruptc… Agreed to Mar 7, 2001

Showing the 50 most recent of 97 amendments.

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 Latest action July 17, 2001

See also H.R. 333.

 Plain-English summary Congressional Research Service
Bankruptcy Reform Act of 2001 - Amends Federal bankruptcy law governing: (1) conversion of bankruptcy petitions; (2) abusive creditor practices; (3) debt reaffirmation and credit counseling; (4) domestic support obligations; (5) personal injury claims resulting from drug or alcohol-impaired operation of a motor vehicle or vessel; (6) Federal criminal law enforcement regarding abusive reaffirmations of debt; (7) fraudulent bankruptcy schedules; (8) education and retirement benefits; (9) privacy protection of debtor's nonpublic personal information; and (10) nondischargeability of debts resulting from civil restitution or damages for debtor's willful or malicious injury that caused personal injury or death of an individual, or violations of laws relating to the provision of lawful goods and services.

Prescribes guidelines regarding: (1) discouragement of bankruptcy abuse; (2) general and small business bankruptcy; (3) bankruptcy data dissemination and bankruptcy tax provisions; (4) incorporation into the bankruptcy code of the Model Law on Cross-Border Insolvency; and (5) financial contracts and transfers entered into with an insolvent insured depository institution before its conservatorship or receivership (including securities broker/commodity broker liquidation).

Reenacts Chapter 12, Adjustment of Debts of a Family Farmer with Regular Annual Income. Prescribes guidelines for insolvent health care businesses and attendant patients' rights.

Mandates appointments and extensions for certain additional temporary bankruptcy judgeships.

Prescribes additional consumer credit disclosures.

 Related & companion bills 3
  • HR 333 Companion bill Bankruptcy Reform Act of 2001
  • S 352 Energy Emergency Response Act of 2001
  • S 220 Bankruptcy Reform Act of 2001
 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 420: Bankruptcy Reform Act of 2001. 107th Congress. Open America. https://openamerica.io/bill/107-S-420/
MLA
"S. 420: Bankruptcy Reform Act of 2001." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-S-420/.
Bluebook (legal)
S. 420, 107th Cong. (2026), https://openamerica.io/bill/107-S-420/.
Markdown link
[S. 420: Bankruptcy Reform Act of 2001](https://openamerica.io/bill/107-S-420/)
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