PoliticalRepoPoliticalRepo

United States · Bill · HR

H.R. 5347 (100th)

Intellectual Property Antitrust Protection Act of 1988

passedUnited States· United States Congress· EN

Introduced

23 September 1988

Last action

20 October 1988 · Passed

Status

S. 1863 passed in Senate relating to this measure.

Sponsors

Rep. Edwards, Don [D-CA-10], Rep. Rodino, Peter W., Jr. [D-NJ-10], Rep. Fish, Hamilton, Jr. [R-NY-25], Rep. Mazzoli, Romano L. [D-KY-3], Rep. Hughes, William J. [D-NJ-2], Rep. Glickman, Dan [D-KS-4], Rep. Feighan, Edward F. [D-OH-19], Rep. Smith, Lawrence [D-FL-16], Rep. Staggers, Harley O., Jr. [D-WV-2], Rep. Moorhead, Carlos J. [R-CA-22], Rep. Hyde, Henry J. [R-IL-6], Rep. Craig, Larry E. [R-ID-1], Rep. Berman, Howard L. [D-CA-26], Rep. Cardin, Benjamin L. [D-MD-3], Nancy Pelosi, Rep. Morrison, Sid [R-WA-4], Rep. Fazio, Vic [D-CA-4], Rep. Frank, Barney [D-MA-4], Rep. Robinson, Tommy F. [R-AR-2], Rep. Schroeder, Patricia [D-CO-1], Rep. Crockett, George W., Jr. [D-MI-13], Charles Schumer, Rep. Foglietta, Thomas M. [D-PA-1], Rep. Towns, Edolphus [D-NY-11], Rep. Dannemeyer, William E. [R-CA-39]

Subjects

Discovery layer

Source updated

14 August 2021

Official sourceView documentsShare

Summary

Amends Federal bankruptcy provisions relating to the adjustment of debts of a municipality to revise rules relating to the treatment of special revenue bonds. Treats as an administrative expense any claim against a debtor municipality if the debtor provides adequate protection of the interest of the holder of a claim secured by a lien on property of the debtor and if the creditor has a claim from a stay of action against such property. Specifies that the filing of a bankruptcy petition does not operate as a stay of application of pledged special revenues to payment of indebtedness secured by such revenues. Specifies that the transfer of property of the debtor to or for the benefit of any holder of a bond or note, on account of such bond or note, may not be avoided. Provides that the holder of a claim payable solely from special revenues of a municipality under applicable nonbankruptcy law shall not be treated as having recourse against the debtor as an unsecured creditor. Provides that special revenues acquired by the debtor after the commencement of the case shall remain subject to any lien resulting from any security agreement entered into by the debtor before the commencement of the case. Specifies that any such lien on special revenues derived from a project or system shall be subject to the necessary operating expenses of such project or system. Specifies that a lease to a municipality shall not be treated as an executory contract or unexpired lease by reason of its being subject to termination in the event the debtor fails to appropriate rent.

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

Timeline

  1. 23 September 1988

    Introduced

    Introduced in House

    Source: IntroReferral

  2. 23 September 1988

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 23 September 1988

    Committee

    For Previous Action See H.R.3845.

    Source: Committee

  4. 23 September 1988

    Introduced

    Referred to House Committee on The Judiciary.

    Source: IntroReferral

  5. 27 September 1988

    Reported

    Ordered to be Reported.

    Source: Committee

  6. 27 September 1988

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

  7. 30 September 1988

    Calendars

    Placed on Union Calendar No: 599.

    Source: Calendars

  8. 30 September 1988

    Reported

    Reported to House by House Committee on The Judiciary. Report No: 100-1011.

    Source: Committee

  9. 30 September 1988

    Reported

    Reported to House by House Committee on The Judiciary. Report No: 100-1011.

    Source: Committee

  10. 3 October 1988

    Floor

    Called up by House Under Suspension of Rules.

    Source: Floor

  11. 4 October 1988

    Introduced

    Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 1065.

    Source: Calendars

  12. 4 October 1988

    Vote

    Passed House (Amended) by Yea-Nay Vote: 413 - 1 (Record Vote No: 392).

    Source: Floor

  13. 4 October 1988

    Vote

    Passed/agreed to in House: Passed House (Amended) by Yea-Nay Vote: 413 - 1 (Record Vote No: 392).

    Source: Floor

  14. 14 October 1988

    Floor

    Measure laid before Senate by unanimous consent.

    Source: Floor

  15. 14 October 1988

    Passed

    Passed/agreed to in Senate: Passed Senate with an amendment by Voice Vote.

    Source: Floor

  16. 18 October 1988

    Floor

    Message on Senate action sent to the House.

    Source: Floor

  17. 20 October 1988

    Passed

    S. 1863 passed in Senate relating to this measure.

    Source: Floor

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

2 official files

Sponsors

Related records

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.