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S 1054 112th Congress Senate Finance and Financial Sector Accounting and auditing Bankruptcy Fraud offenses and financial crimes Housing finance and home ownership Military personnel and dependents

Fighting Fraud in Bankruptcy Act of 2011

Introduced: May 24, 2011 See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 24, 2011
Read twice and referred to the Committee on the Judiciary. (text of measure as introduced: CR S3277-3278)
May 24, 2011
Sponsor introductory remarks on measure. (CR S3276-3277)
May 24, 2011
Introduced in Senate
 Plain-English summary Congressional Research Service

Fighting Fraud in Bankruptcy Act of 2011 - Amends federal bankruptcy law to prescribe remedies, including civil penalties, for a negligent, reckless, or fraudulent assertion of claim in a bankruptcy proceeding under either chapter 7 (liquidation) or chapter 13 (adjustment of debts of an individual with regular income).

Prohibits the court, in any case involving a service member, from granting relief from an automatic stay upon request of a party in interest unless such party certifies under penalty of perjury that the requirements of the Servicemembers Civil Relief Act pertaining to mortgages used as security on real or personal property have been met.

Amends the federal judicial code to confer upon the U.S. trustee the duty to exercise the trustee's powers and authorities to prevent or remedy any negligent, reckless, or fraudulent assertion of a claim.

Requires the Director of the Executive Office for U.S. Trustees to establish specified audit procedures to determine the accuracy, veracity, and completeness of proofs of claim filed under federal bankruptcy laws.

What's happening now May 24, 2011

Read twice and referred to the Committee on the Judiciary. (text of measure as introduced: CR S3277-3278)

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 2