A bill to amend title 11, United States Code, to provide for expedited determinations of interests in grain and the proceeds of grain, held by debtors who own or operate grain storage facilities.

Summary

Amends the Bankruptcy Reform Act of 1978 to permit a bankruptcy court to expedite the procedures for the determination of interests in and the disposition of grain and proceeds of grain held by debtors who own or operate grain storage facilities. Allows the shortening of time periods applicable for such procedures and establishment of a timetable for the completion of certain procedures. Permits such time periods and timetable to be modified by the court for good cause shown. Sets forth the criteria by which such time periods may be shortened and the procedures which may be expedited. Requires notice to any governmental unit with regulatory jurisdiction over the operation or liquidation of the debtor or his business of any request made or order entered into for expedited determinations of interest. Requires the trustee to consult with such governmental unit before taking any action relating to the disposition of grain in the control of the debtor or the estate. Declares that unless such an order is stayed pending appeal, the reversal or modification on appeal of an order establishing an expedited procedure or determining any interest in or approving any disposition of grain or its proceeds does not affect validity. Prohibits the court or the trustee from delaying any other proceeding in the particular case on account of the appeal. Permits the trustee to recover from grain and proceeds of grain the reasonable and necessary costs and expenses attributable to preserving and disposing of grain or its proceeds, but the trustee may not recover any other costs or expenses.

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

Timeline

1. 1 April 1982

   Introduced

   Referred to House Committee on The Judiciary.

   Source: IntroReferral

2. 1 April 1982

   Introduced

   Introduced in House

   Source: IntroReferral

3. 1 April 1982

   Introduced

   Introduced in House

   Source: IntroReferral

4. 23 April 1982

   Referred

   Referred to Subcommittee on Monopolies and Commercial Law.

   Source: Committee

5. 19 May 1982

   Committee

   Clean Bill to be Forwarded by Subcommittee to Full Committee in Lieu.

   Source: Committee

6. 19 May 1982

   Committee

   Subcommittee Consideration and Mark-up Session Held.

   Source: Committee

7. 21 May 1982

   Committee

   Clean Bill H.R.6461 Forwarded by Subcommittee to Full Committee in Lieu.

   Source: Committee

Votes

No vote records are attached yet.

Versions

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

Documents

1 official file

• Introduced in House

  summary · EN · 1 April 1982

  Open at official source

Sponsors

• Rep. Butler, M. Caldwell [R-VA-6] · R · Sponsor
• Rep. Glickman, Dan [D-KS-4] · D · Sponsor
• Rep. Rodino, Peter W., Jr. [D-NJ-10] · D · Sponsor
• Rep. Fish, Hamilton, Jr. [R-NY-19] · R · Sponsor
• Rep. Edwards, Don [D-CA-10] · D · Sponsor
• Rep. Synar, Mike [D-OK-2] · D · Sponsor
• Sen. Harkin, Tom [D-IA] · D · Sponsor
• Rep. Bereuter, Doug [R-NE-1] · R · Sponsor
• Rep. Huckaby, Thomas J. (Jerry) [D-LA-5] · D · Sponsor
• Rep. Skelton, Ike [D-MO-4] · D · Sponsor
• Rep. Bedell, Berkley W. [D-IA-6] · D · Sponsor
• · hsju00 · Standing

Related records

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