Financial Institution Bankruptcy Act of 2014

referredUnited States· United States Congress· EN

Introduced

9 September 2014

Last action

2 December 2014 · Introduced

Status

Received in the Senate and Read twice and referred to the Committee on the Judiciary.

Summary

Financial Institution Bankruptcy Act of 2014 - Amends federal bankruptcy law with respect to a "covered financial corporation" incorporated or organized under any federal or state law (other than a stockbroker, a commodity broker, or a domestic or foreign insurance company or financial institution meeting certain criteria) that is: (1) a bank holding company; or (2) a corporation that exists for the primary purpose of owning, controlling, and financing its subsidiaries, has total consolidated assets of $50 billion or greater, and whose annual gross revenues or consolidated assets meet specified tests. Adds "Subchapter V - Liquidation, Reorganization, or Recapitalization of a Covered Financial Corporation," setting forth requirements and prohibitions regarding: (1) commencement of a case concerning a covered financial corporation; (2) a special trustee and bridge company; (3) special transfer of the property of the estate in bankruptcy; (4) treatment of qualified financial contracts and affiliate contracts; (5) licenses, permits, and registrations; (6) exemption from securities laws; and (7) inapplicability of certain avoiding powers. Allows conversion to chapter 7 (Liquidation) of a case under subchapter V if certain conditions are met. Amends the Judicial Code to require the Chief Justice of the United States to designate: (1) at least three district judges in at least four circuits to serve on an appellate panel available to hear appeals in a bankruptcy case concerning a covered financial corporation, and (2) a panel of at least 10 bankruptcy judges. Prescribes requirements for the assignment of bankruptcy judges to subchapter V cases.

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

Timeline

9 September 2014
Referred
Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.
Source: Committee
9 September 2014
Introduced
Referred to the House Committee on the Judiciary.
Source: IntroReferral
9 September 2014
Introduced
Introduced in House
Source: IntroReferral
9 September 2014
Introduced
Introduced in House
Source: IntroReferral
10 September 2014
Reported
Ordered to be Reported by Voice Vote.
Source: Committee
10 September 2014
Committee
Committee Consideration and Mark-up Session Held.
Source: Committee
10 September 2014
Committee
Subcommittee on Regulatory Reform, Commercial And Antitrust Law Discharged.
Source: Committee
1 December 2014
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 H8174-8177)
Source: Floor
1 December 2014
Floor
DEBATE - The House proceeded with forty minutes of debate on H.R. 5421.
Source: Floor
1 December 2014
Floor
Considered under suspension of the rules. (consideration: CR H8174-8181)
Source: Floor
1 December 2014
Floor
Mr. Goodlatte moved to suspend the rules and pass the bill, as amended.
Source: Floor
1 December 2014
Calendars
Placed on the Union Calendar, Calendar No. 470.
Source: Calendars
1 December 2014
Reported
Reported by the Committee on Judiciary. H. Rept. 113-630.
Source: Committee
1 December 2014
Reported
Reported by the Committee on Judiciary. H. Rept. 113-630.
Source: Committee
1 December 2014
Passed
Motion to reconsider laid on the table Agreed to without objection.
Source: Floor
1 December 2014
Passed
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H8174-8177)
Source: Floor
2 December 2014
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 · 2 December 2014 · Download file
Engrossed in House · 1 December 2014 · Download file
Reported in House · 1 December 2014 · Download file
Introduced in House · 9 September 2014 · Download file

Documents

10 official files

Referred in Senate (text)

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Referred in Senate (text)
Referred in Senate · EN · 2 December 2014
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Referred in Senate (PDF)
Referred in Senate · EN · 2 December 2014
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Reported in House (text)
Reported in House · EN · 1 December 2014
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Reported in House (PDF)
Reported in House · EN · 1 December 2014
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Engrossed in House (text)
Engrossed in House · EN · 1 December 2014
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Engrossed in House (PDF)
Engrossed in House · EN · 1 December 2014
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Passed House amended
summary · EN · 1 December 2014
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Introduced in House (text)
Introduced in House · EN · 9 September 2014
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Introduced in House (PDF)
Introduced in House · EN · 9 September 2014
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Introduced in House
summary · EN · 9 September 2014
Open at official source
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
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Related records

related to ← Taxpayer Protection and Responsible Resolution Act

Sources

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

Official source: https://www.congress.gov/bill/113th-congress/house-bill/5421
Open data entity: https://api.congress.gov/v3/bill/113/hr/5421
us · 113-hr-5421 · source updated 10 August 2026