Family Farmer Bankruptcy Clarification Act of 2017

Summary

Family Farmer Bankruptcy Clarification Act of 2017 This bill amends the federal bankruptcy code to include an unsecured claim by a governmental unit (e.g., a tax claim by the Internal Revenue Service) resulting from the sale, transfer, exchange, or disposition of farming property in chapter 12 bankruptcy (family farmer or fisherman reorganization) proceedings. Such a claim that arises before a debtor's discharge, regardless of whether the claim is pre-petition or post-petition, must be treated as a pre-petition claim, is not entitled to priority status, must be provided for under the bankruptcy plan, and is dischargeable.

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

Timeline

1. 25 May 2017

   Introduced

   Read twice and referred to the Committee on the Judiciary. (Sponsor introductory remarks on measure: CR S3216; text of measure as introduced: CR S3215-3216)

   Source: IntroReferral

2. 25 May 2017

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 25 May 2017 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 25 May 2017

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 25 May 2017

  DownloadOpen at official source

• Introduced in Senate

  summary · EN · 25 May 2017

  Open at official source

Sponsors

• Rep. Grassley, Chuck [R-IA-3] · R · Sponsor
• Sen. Franken, Al [D-MN] · D · Sponsor
• Sen. Tillis, Thomas [R-NC] · R · Cosponsor
• · ssju00 · Standing

Related records

• related to → Making additional supplemental appropriations for disaster relief requirements for the fiscal year ending September 30, 2018, and for other purposes.
• related to → Bankruptcy Judgeship Act of 2017
• related to ← Providing for the concurrence by the House in the Senate amendment to H.R. 2266, with an amendment.
• related to ← Family Farmer Bankruptcy Clarification Act of 2015