H.R. 4421 · 116th Congress
Bankruptcy Venue Reform Act of 2019
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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
LofgrenSponsor20 cosponsors · 14 D, 6 R
D
Crist
FS
R
Sensenbrenner
WS
R
Steube
RN
D
Neal
MB
R
Burgess
SL
D
Lynch
LG
R
Gooden
JK
D
Kennedy
AK
D
Kirkpatrick
JM
D
McGovern
AP
D
Pressley
GS
D
Stanton
HS
D
Stevens
MT
D
Thompson
WT
R
Timmons
SB
R
Brooks
JC
D
Cooper
KH
D
Horn
JC
D
Cunningham
AF
D
Finkenauer3 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
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.
What it does: CRS summary · Introduced in House · Sep 19, 2019
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Bankruptcy Venue Reform Act of 2019
Latest action (Oct 28, 2019): Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.
Policy area: Law · Origin: House · Introduced: Sep 19, 2019
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.