A bill to amend provisions of the Bankruptcy Code governing the powers of a bankruptcy court and the effect of automatic stays as they relate to certain multifamily liens insured or held by the Secretary of Housing and Urban Development or the Secretary of Agriculture, and for other purposes.

Summary

Amends the Bankruptcy Code to prohibit a bankruptcy court from issuing any order, process, or judgment that would negate exemptions to the Code's automatic stay provisions (as amended by this Act). Declares that the filing of a bankruptcy petition will not act as an automatic stay of specified actions taken by either the Secretary of Housing and Urban Development or the Secretary of Agriculture to protect their financial positions with respect to certain multifamily housing units whose mortgagors are in default. Exempts from the automatic stay a hospital or nursing home that is subject to a lien insured or held by the Secretary of Housing and Urban Development pursuant to the National Housing Act.

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

Timeline

1. 3 November 1989

   Introduced

   Read twice and referred to the Committee on Banking.

   Source: IntroReferral

2. 3 November 1989

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 20 November 1989

   Introduced

   Referred to the Committee on Judiciary by unanimous consent.

   Source: IntroReferral

4. 20 November 1989

   Discharge

   Senate Committee on Banking discharged by Unanimous Consent.

   Source: Discharge

5. 20 November 1989

   Committee

   Senate Committee on Banking discharged by Unanimous Consent.

   Source: Committee

6. 11 December 1989

   Referred

   Referred to Subcommittee on Courts and Administrative Practice.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · — · Download file
• Reference Change Senate · — · Download file

Documents

3 official files

• Reference Change Senate (text)

  Reference Change Senate · EN

  ViewDownloadOpen at official source

• Introduced in Senate (text)

  Introduced in Senate · EN

  ViewDownloadOpen at official source

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• Introduced in Senate

  summary · EN · 3 November 1989

  Open at official source

  Leesvertaling

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

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

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

Sponsors

• Sen. Riegle, Donald W., Jr. [D-MI] · D · Sponsor
• Sen. Garn, E. J. (Jake) [R-UT] · R · Sponsor
• Sen. Cranston, Alan [D-CA] · D · Sponsor
• Sen. D'Amato, Alfonse [R-NY] · R · Sponsor
• · ssju00 · Standing
• · ssbk00 · Standing

Related records

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