US SB1237 | 2017-2018 | 115th Congress

Status

Spectrum: Slight Partisan Bill (Republican 2-1)
Status: Introduced on May 25 2017 - 25% progression, died in committee
Action: 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)
Pending: Senate Judiciary Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Family Farmer Bankruptcy Clarification Act of 2017 This bill 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

Family Farmer Bankruptcy Clarification Act of 2017

Sponsors


History

DateChamberAction
2017-05-25SenateRead twice and referred to the Committee on the Judiciary. (Sponsor introductory remarks on measure: CR S3216; text of measure as introduced: CR S3215-3216)

Same As/Similar To

SB1107 (Related) 2017-09-06 - Held at the desk.
HB2266 (Related) 2017-10-26 - Became Public Law No: 115-72. (TXT | PDF)
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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