HR 4421 116th Congress House Law Bankruptcy Federal district courts Jurisdiction and venue Lawyers and legal services

Bankruptcy Venue Reform Act of 2019

Introduced: September 19, 2019 Introduced by: Lofgren, Zoe Democratic · California See on congress.gov

Everywhere this bill has been 3 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Oct 28, 2019

Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.

Sep 19, 2019

Referred to the House Committee on the Judiciary.

Sep 19, 2019

Introduced in House

Plain-English summary Congressional Research Service

Bankruptcy Venue Reform Act of 2019

This bill limits where a non-individual debtor (e.g., a corporate debtor) may file for chapter 11 bankruptcy. Specifically, these debtors must file in the district court for the district in which the principal place of business or principal assets of the debtor are located. Under current law, these debtors may also file where they are domiciled (i.e., incorporated) or where there is a chapter 11 case pending concerning an affiliate, general partner, or partnership.

For certain debtors who are issuers of securities, their principal place of business is defined in the bill as the address of the entity's principal executive office as provided in specified Securities and Exchange Commission filings.

What's happening now October 28, 2019

Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.

Committees of jurisdiction 2