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HR 242 117th Congress House

Protecting Homeowners in Bankruptcy Act of 2021

Official title: To amend title 11 of the United States Code to increase the amount of the allowable homestead exemption.

Introduced: January 11, 2021 Introduced by: Dean, Madeleine Democratic · Pennsylvania See on congress.gov
Finance and Financial Sector BankruptcyHousing finance and home ownershipProperty tax
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 4, 2021
Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.
Jan 11, 2021
Introduced in House
Jan 11, 2021
Referred to the House Committee on the Judiciary.
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 Latest action March 4, 2021

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

 Plain-English summary Congressional Research Service

Protecting Homeowners in Bankruptcy Act of 2021

This bill increases the homestead exemption an individual debtor can claim in a bankruptcy to $100,000. The homestead exemption allows a debtor to exempt from property of the estate the debtor's interest in property used as the debtor's residence or interest in a burial plot for the debtor.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1
D
Nadler, Jerrold
New York · Jan 11, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 242: Protecting Homeowners in Bankruptcy Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-HR-242/
MLA
"H.R. 242: Protecting Homeowners in Bankruptcy Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-242/.
Bluebook (legal)
H.R. 242, 117th Cong. (2026), https://openamerica.io/bill/117-HR-242/.
Markdown link
[H.R. 242: Protecting Homeowners in Bankruptcy Act of 2021](https://openamerica.io/bill/117-HR-242/)
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