United States · Bill · S
S. 1559 (104th)
Bankruptcy Technical Corrections Act of 1996
Introduced
6 February 1996
Last action
4 October 1996 · Introduced
Status
Referred to the Subcommittee on Commercial and Administrative Law.
Sponsors
Sen. Grassley, Chuck [R-IA], Sen. Heflin, Howell [D-AL]
Subjects
Discovery layer
Source updated
10 August 2026
Summary
Bankruptcy Technical Corrections Act of 1996 - Makes technical corrections to Federal bankruptcy law, and redefines single asset real estate to exclude family farms and remove the $4 million ceiling on the amount of noncontingent, liquidated secured debts on such property. Requires triennial adjustment of the $5000 minimum threshold value of certain implements, professional books, tools of the trade, farm animals, and crops with respect to which a debtor in certain States may not avoid the fixing of a nonpossessory, nonpurchase-money security interest lien. Allows a bankruptcy court to award reasonable compensation to a debtor's attorney. Repeals the disallowance of certain benefit entitlements as property a debtor may exempt from the property of his or her estate if applicable State law does not specifically authorize their allowance. Allows an exemption for such entitlements but only to the extent that applicable State law does not specifically authorize them. Repeals a similar exemption disallowance for the right to receive payments under a stock bonus, pension, profitsharing, annuity, or similar plan which meet certain disqualifying criteria. Allows, instead, an exemption for such rights but only to the extent that such criteria (no longer disqualifying) are met. Repeals a provision for temporary continuation on the Bankruptcy Review Commission of certain members who have been or become employees or officers of a government.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
6 February 1996
Introduced
Read twice and referred to the Committee on Judiciary.
Source: IntroReferral
6 February 1996
Introduced
Sponsor introductory remarks on measure. (CR S916)
Source: IntroReferral
6 February 1996
Introduced
Introduced in Senate
Source: IntroReferral
13 June 1996
Reported
Committee on Judiciary. Reported to Senate by Senator Hatch with an amendment in the nature of a substitute. Without written report.
Source: Committee
13 June 1996
Calendars
Placed on Senate Legislative Calendar under General Orders. Calendar No. 434.
Source: Calendars
13 June 1996
Reported
Committee on Judiciary. Reported to Senate by Senator Hatch with an amendment in the nature of a substitute. Without written report.
Source: Committee
2 August 1996
Floor
Measure laid before Senate. (consideration: CR S9664-9666)
Source: Floor
2 August 1996
Passed
Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent.
Source: Floor
4 September 1996
Floor
Held at the desk.
Source: Floor
4 September 1996
Floor
Message on Senate action sent to the House.
Source: Floor
4 September 1996
Floor
Received in the House.
Source: Floor
4 October 1996
Referred
Referred to the Subcommittee on Commercial and Administrative Law.
Source: Committee
4 October 1996
Introduced
Referred to the House Committee on the Judiciary.
Source: IntroReferral
Votes
No vote records are attached yet.
Versions
- Referred in House · 4 October 1996 · Download file
- Engrossed in Senate · 2 August 1996 · Download file
- Reported to Senate · 13 June 1996 · Download file
- Introduced in Senate · 6 February 1996 · Download file
Documents
11 official files
Referred in House (text)
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Leesvertaling
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Referred in House (text)
Referred in House · EN · 4 October 1996
Referred in House (PDF)
Referred in House · EN · 4 October 1996
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Engrossed in Senate (text)
Engrossed in Senate · EN · 2 August 1996
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Engrossed in Senate (PDF)
Engrossed in Senate · EN · 2 August 1996
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Passed Senate amended
summary · EN · 2 August 1996
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Reported to Senate (text)
Reported to Senate · EN · 13 June 1996
ViewDownloadOpen at official source
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Reported to Senate (PDF)
Reported to Senate · EN · 13 June 1996
ViewDownloadOpen at official source
Leesvertaling
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Reported to Senate with amendment(s)
summary · EN · 13 June 1996
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Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Introduced in Senate (text)
Introduced in Senate · EN · 6 February 1996
ViewDownloadOpen at official source
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Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Introduced in Senate (PDF)
Introduced in Senate · EN · 6 February 1996
ViewDownloadOpen 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.
Introduced in Senate
summary · EN · 6 February 1996
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
- Sen. Grassley, Chuck [R-IA] · R · Sponsor
- Sen. Heflin, Howell [D-AL] · D · Sponsor
- · hsju00 · Standing
- · ssju00 · Standing
Related records
- amends ← To limit the value of certain real and personal property that the debtor may may elect to exempt under State or local law.
- amends ← To bolster criminal law enforcement of child support orders in cases involving bankruptcy proceedings.
- amends ← To make technical changes.
- amends ← To amend title 11 of the United States Code.
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/104th-congress/senate-bill/1559
- Open data entity: https://api.congress.gov/v3/bill/104/s/1559
- us · 104-s-1559 · source updated 10 August 2026