A bill to preserve the rights of certain parties with an interest in aircrafts, aircrafts parts, or vessels, and for other purposes.

Summary

Amends Federal bankruptcy provisions to extend partial immunity from an automatic stay or a court injunction of foreclosure, possession, or disposition proceedings to: (1) creditors with preferred ship mortgages or mortgages on certain fishery facilities; and (2) lessors or conditional vendors of vessels as defined in the Merchant Marine Act of 1936. Requires full payment in cash of all sums owed, plus applicable interest, to cure a default on preferred mortgages, mortgages, security agreements, leases, or conditional sales contracts on certain aircraft equipment and vessels.

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Timeline

1. 19 December 1985

   Introduced

   Read twice and referred to the Committee on Commerce.

   Source: IntroReferral

2. 19 December 1985

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 11 March 1986

   Referred

   Ordered, that when reported, the bill be referred to the Committee on Judiciary for consideration of those provisions concerning Title XI, United States Code, for a period not to exceed 14 calendar days.

   Source: Floor

4. 21 March 1986

   Committee

   Subcommittee on Merchant Marine. Hearings held. Hearings printed: S.Hrg. 99-748.

   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 Senate

  summary · EN · 19 December 1985

  Open at official source

Sponsors

• Sen. Stevens, Ted [R-AK] · R · Sponsor
• · sscm00 · Standing

Related records

• related to → A bill to amend section 1110 of title 11, United States Code.