US SB1107 | 2017-2018 | 115th Congress

Status

Spectrum: Slight Partisan Bill (Democrat 5-3)
Status: Engrossed on September 6 2017 - 50% progression
Action: 2017-09-06 - Held at the desk.
Text: Latest bill text (Engrossed) [PDF]

Summary

Bankruptcy Judgeship Act of 2017 (Sec. 2) This bill reauthorizes 14 temporary bankruptcy judgeships in specified judicial districts in Delaware, Florida, Maryland, Michigan, Puerto Rico, Virginia, Nevada, and North Carolina. (Sec. 3) It authorizes the appointment of four additional temporary bankruptcy judges in Delaware, Florida, and Michigan. (Sec. 4) The bill amends the federal judicial code to increase the quarterly fee imposed on certain chapter 11 (reorganization) debtors. Specifically, if the balance in the U.S. Trustee System Fund is less than $200 million, then a debtor with total quarterly disbursements of $1 million or more must pay a quarterly fee equal to $250,000 or 1% of disbursements, whichever is less. It also specifies that for FY2018-FY2022, 98% of the quarterly fees collected must be deposited as offsetting collections to the U.S. Trustee System Fund and 2% must be deposited in the general fund of the Treasury. (Sec. 5) This section amends the federal bankruptcy code to include an unsecured claim by a governmental unit (e.g., a tax claim by the Internal Revenue Service) resulting from the sale, transfer, exchange, or disposition of farming property in chapter 12 bankruptcy (family farmer or fisherman reorganization) proceedings. Such a claim that arises before a debtor's discharge, regardless of whether the claim is pre-petition or post-petition, must be treated as a pre-petition claim, is not entitled to priority status, must be provided for under the bankruptcy plan, and is dischargeable.

Tracking Information

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Title

Bankruptcy Judgeship Act of 2017

Sponsors


Roll Calls


History

DateChamberAction
2017-09-06HouseHeld at the desk.
2017-09-06HouseReceived in the House.
2017-09-06SenateMessage on Senate action sent to the House.
2017-09-05SenatePassed Senate with an amendment by Unanimous Consent.
2017-09-05SenateS.Amdt.787 Amendment SA 787 agreed to in Senate by Unanimous Consent.
2017-09-05SenateS.Amdt.787 Amendment SA 787 proposed by Senator McConnell for Senator Grassley. (consideration: CR S4956) In the nature of a substitute.
2017-09-05SenateMeasure laid before Senate by unanimous consent.
2017-09-05SenateSenate Committee on the Judiciary discharged by Unanimous Consent. (consideration: CR S4956)
2017-05-11SenateRead twice and referred to the Committee on the Judiciary.

Same As/Similar To

HB136 (Related) 2017-01-23 - Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.
HB2266 (Related) 2017-10-26 - Became Public Law No: 115-72. (TXT | PDF)
SB632 (Related) 2017-03-15 - Read twice and referred to the Committee on the Judiciary.
SB1237 (Related) 2017-05-25 - Read twice and referred to the Committee on the Judiciary. (Sponsor introductory remarks on measure: CR S3216; text of measure as introduced: CR S3215-3216)
HR569 (Related) 2017-10-12 - Motion to reconsider laid on the table Agreed to without objection.

Subjects


US Congress State Sources


Bill Comments

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