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United States · Bill · HR

H.R. 1942 (111th)

Business Reorganization and Job Preservation Act of 2009

referredUnited States· United States Congress· EN

Introduced

2 April 2009

Last action

26 May 2009 · Referred

Status

Referred to the Subcommittee on Commercial and Administrative Law.

Sponsors

Rep. Nadler, Jerrold [D-NY-12], Rep. Cohen, Steve [D-TN-9]

Subjects

Discovery layer

Source updated

14 August 2025

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Summary

Business Reorganization and Job Preservation Act of 2009 - Amends federal bankruptcy law with respect to the deemed rejection by the trustee in bankruptcy of an unexpired lease of nonresidential real property under which the debtor is the lessee and the immediate surrender of that nonresidential real property to the lessor. Revises the formula for the deadline for assumption or rejection of the unexpired lease before a rejection shall be deemed. Repeals the alternative date of the entry of an order confirming a plan, if that is the earlier of two dates. Fixes the period before deeming at 60 (currently 120) days after the order for relief. Repeals the current discretionary extension period the bankruptcy court may allow. Allows the bankruptcy court to fix another deadline for assumption or rejection, but only within the 60-day period after the order for relief. Reduces from 45 days to 10 days after a debtor's receipt of goods while insolvent the deadline by which a seller must demand reclamation of the goods in writing. Authorizes the court to deny reclamation to a seller with a right of reclamation that has made such a demand, but only if the court: (1) grants the seller's claim priority as an administrative expense; or (2) secures such claim by a lien.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 2 April 2009

    Introduced

    Referred to the House Committee on the Judiciary.

    Source: IntroReferral

  2. 2 April 2009

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 2 April 2009

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 26 May 2009

    Referred

    Referred to the Subcommittee on Commercial and Administrative Law.

    Source: Committee

Votes

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Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 2 April 2009

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 2 April 2009

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 2 April 2009

    Open at official source

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Sponsors

Related records

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Sources

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