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United States · Bill · S

S. 1365 (97th)

A bill to amend the Bankruptcy Act regarding farm produce storage facilities, and for other purposes.

openUnited States· United States Congress· EN

Introduced

15 June 1981

Last action

11 March 1982 · Committee

Status

Subcommittee Hearings Held.

Sponsors

Sen. Dole, Robert J. [R-KS], Sen. Danforth, John C. [R-MO], Sen. Jepsen, Roger W. [R-IA], Sen. Kassebaum, Nancy Landon [R-KS], Sen. Grassley, Chuck [R-IA], Sen. Gorton, Slade [R-WA], Sen. Durenberger, Dave [R-MN], Sen. Wallop, Malcolm [R-WY], Sen. Eagleton, Thomas F. [D-MO], Sen. Randolph, Jennings [D-WV], Sen. Percy, Charles H. [R-IL], Sen. Bumpers, Dale [D-AR], Sen. Bentsen, Lloyd M. [D-TX], Sen. Nickles, Don [R-OK]

Subjects

Discovery layer

Source updated

10 August 2026

Official sourceView documentsShare

Summary

Amends the Bankruptcy Reform Act of 1978 to require the bankruptcy court, in the case of a bankruptcy petition filed by, or with respect to, a person engaged in the business of operating a farm produce storage facility, within specified time limits, to: (1) identify those farm producers who have produce in storage, and those parties which have secured interests in farm produce, within such facility; (2) audit the assets of the farm produce storage facility for the purpose of determining the extent of farm produce available for distribution to such producers and secured creditors; and (3) direct the abandonment of such farm produce according to procedures set forth by this Act. Declares that such procedures shall be applied by the court solely for the purpose of effectuating abandonment of farm produce which is not property of the estate, or is of inconsequential value to the estate, and shall not be construed to limit the right of any party to seek abandonment of any other property. Prohibits distribution of farm produce ordered abandoned by the court from being delayed due to the pendency of any appeal from the orders of abandonment, except that a stay of orders may be entered under specified conditions. Makes any such stay of orders appealable as of right by any aggrieved party. Grants to any farmer who, having delivered agricultural products to a licensed warehouseman upon a contract for sale and who has not received the agreed upon payment, a lien against products or like products in the licensed facility in excess of that required to satisfy receipted or other storage obligations, title to which may be then vested in such warehouseman, to the extent of the payment agreed upon for the purchase of the product sold. Attaches such lien at the time of the formation of the contract for sale and continues it until the obligations of the warehouseman to the seller of the products are satisfied.

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Timeline

  1. 15 June 1981

    Referred

    Referred to Subcommittee on Courts.

    Source: Committee

  2. 15 June 1981

    Introduced

    Read second time and referred to Senate Committee on Judiciary.

    Source: IntroReferral

  3. 15 June 1981

    Introduced

    Introduced in Senate

    Source: IntroReferral

  4. 17 June 1981

    Committee

    Committee on Judiciary requested executive comment from Agriculture Department.

    Source: Committee

  5. 22 June 1981

    Committee

    Subcommittee on Courts. Measure without amendments to full committee.

    Source: Committee

  6. 25 June 1981

    Reported

    Committee on Judiciary. Ordered to be reported without amendment favorably.

    Source: Committee

  7. 25 July 1981

    Committee

    Committee on Judiciary received executive comment from Agriculture Department.

    Source: Committee

  8. 27 July 1981

    Calendars

    Placed on Senate Legislative Calendar under Regular Orders. Calendar No. 233.

    Source: Calendars

  9. 27 July 1981

    Reported

    Committee on Judiciary. Reported to Senate by Senator Dole favorably without amendment. With written report No. 97-168.

    Source: Committee

  10. 27 July 1981

    Reported

    Committee on Judiciary. Reported to Senate by Senator Dole favorably without amendment. With written report No. 97-168.

    Source: Committee

  11. 22 September 1981

    Floor

    Considered by Senate.

    Source: Floor

  12. 22 September 1981

    Passed

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

    Source: Floor

  13. 25 September 1981

    Introduced

    Referred to House Committee on The Judiciary.

    Source: IntroReferral

  14. 29 September 1981

    Referred

    Referred to Subcommittee on Monopolies and Commercial Law.

    Source: Committee

  15. 10 March 1982

    Committee

    Subcommittee Hearings Held.

    Source: Committee

  16. 11 March 1982

    Committee

    Subcommittee Hearings Held.

    Source: Committee

Votes

No vote records are attached yet.

Versions

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

Documents

2 official files

Leesvertaling

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  • Passed Senate amended

    summary · EN · 22 September 1981

    Open at official source

  • Introduced in Senate

    summary · EN · 15 June 1981

    Open at official source

    Leesvertaling

    Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

    Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

Related records

Sources

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