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Bankruptcy Reform Act of 2001

Introduced: March 1, 2001 Introduced by: Grassley, Chuck Republican · Iowa See on congress.gov

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 54 pending / other

Amendment	Sponsor	Purpose	Status	Latest 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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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.

What's happening now July 17, 2001