United States · Bill · HR
H.R. 1667 (115th)
Financial Institution Bankruptcy Act of 2017
Introduced
22 March 2017
Last action
6 April 2017 · Introduced
Status
Received in the Senate and Read twice and referred to the Committee on the Judiciary.
Sponsors
Rep. Marino, Tom [R-PA-10], Rep. Goodlatte, Bob [R-VA-6], Rep. Conyers, John, Jr. [D-MI-13], Rep. Cicilline, David N. [D-RI-1], Rep. Schneider, Bradley Scott [D-IL-10]
Subjects
Discovery layer
Source updated
10 August 2026
Summary
Financial Institution Bankruptcy Act of 2017 This bill amends federal bankruptcy law to allow certain large financial institutions to elect a new "Subchapter V" bankruptcy process specific to such institutions. Under the new process, a debtor institution may request the bankruptcy court to order the transfer of the debtor's assets to a newly formed bridge company. The trust agreement governing such an assets transfer must meet specified requirements. The court may order such an assets transfer only if it determines, by a preponderance of the evidence, that: (1) the transfer is necessary to prevent serious adverse effects on financial stability in the United States, (2) other specified requirements are met. The bill imposes a temporary stay on actions to terminate or modify contracts with institutions that enter the Subchapter V bankruptcy process. Members of the institution's board of directors shall have no liability to shareholders or creditors for a good faith filing of a petition to commence a Subchapter V bankruptcy case. The bill specifies timelines with respect to the commencement of a case and the transfer of assets. The Securities and Exchange Commission and the Federal Deposit Insurance Corporation, among other federal regulatory agencies, shall have standing in a Subchapter V bankruptcy case. Under specified conditions, a Subchapter V bankruptcy case may be converted into a case in Chapter 7 bankruptcy (also known as "liquidation" bankruptcy). The bill amends the federal judicial code to require the Chief Justice of the United States to designate at least 10 bankruptcy judges to be available to hear Subchapter V bankruptcy cases.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
22 March 2017
Referred
Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.
Source: Committee
22 March 2017
Introduced
Referred to the House Committee on the Judiciary.
Source: IntroReferral
22 March 2017
Introduced
Introduced in House
Source: IntroReferral
22 March 2017
Introduced
Introduced in House
Source: IntroReferral
29 March 2017
Reported
Ordered to be Reported by Voice Vote.
Source: Committee
29 March 2017
Committee
Committee Consideration and Mark-up Session Held.
Source: Committee
5 April 2017
Passed
Motion to reconsider laid on the table Agreed to without objection.
Source: Floor
5 April 2017
Passed
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2715-2718)
Source: Floor
5 April 2017
Passed
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H2715-2718)
Source: Floor
5 April 2017
Floor
DEBATE - The House proceeded with forty minutes of debate on H.R. 1667.
Source: Floor
5 April 2017
Floor
Considered under suspension of the rules. (consideration: CR H2715-2720)
Source: Floor
5 April 2017
Floor
Mr. Goodlatte moved to suspend the rules and pass the bill, as amended.
Source: Floor
5 April 2017
Calendars
Placed on the Union Calendar, Calendar No. 46.
Source: Calendars
5 April 2017
Reported
Reported by the Committee on Judiciary. H. Rept. 115-80.
Source: Committee
5 April 2017
Reported
Reported by the Committee on Judiciary. H. Rept. 115-80.
Source: Committee
6 April 2017
Introduced
Received in the Senate and Read twice and referred to the Committee on the Judiciary.
Source: IntroReferral
Votes
No vote records are attached yet.
Versions
- Referred in Senate · 6 April 2017 · Download file
- Engrossed in House · 5 April 2017 · Download file
- Reported in House · 5 April 2017 · Download file
- Introduced in House · 22 March 2017 · Download file
Documents
10 official files
Referred in Senate (text)
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Referred in Senate (text)
Referred in Senate · EN · 6 April 2017
Referred in Senate (PDF)
Referred in Senate · EN · 6 April 2017
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Reported in House (text)
Reported in House · EN · 5 April 2017
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Reported in House (PDF)
Reported in House · EN · 5 April 2017
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Engrossed in House (text)
Engrossed in House · EN · 5 April 2017
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Engrossed in House (PDF)
Engrossed in House · EN · 5 April 2017
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Passed House amended
summary · EN · 5 April 2017
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Introduced in House (text)
Introduced in House · EN · 22 March 2017
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Introduced in House (PDF)
Introduced in House · EN · 22 March 2017
ViewDownloadOpen at official source
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Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Introduced in House
summary · EN · 22 March 2017
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Sponsors
- Rep. Marino, Tom [R-PA-10] · R · Sponsor
- Rep. Goodlatte, Bob [R-VA-6] · R · Sponsor
- Rep. Conyers, John, Jr. [D-MI-13] · D · Sponsor
- Rep. Cicilline, David N. [D-RI-1] · D · Sponsor
- Rep. Schneider, Bradley Scott [D-IL-10] · D · Cosponsor
- · ssju00 · Standing
- · hsju00 · Standing
Related records
- related to → Financial CHOICE Act of 2017
- related to ← Financial Services and General Government Appropriations Act, 2018
- related to ← Make America Secure and Prosperous Appropriations Act, 2018
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/115th-congress/house-bill/1667
- Open data entity: https://api.congress.gov/v3/bill/115/hr/1667
- us · 115-hr-1667 · source updated 10 August 2026