Bankruptcy Reform Act of 2001

Summary

Bankruptcy Reform Act of 2001 - Amends Federal bankruptcy law governing: (1) conversion of bankruptcy petitions; (2) abusive creditor practices; (3) debt reaffirmation and credit counseling; (4) domestic support obligations; (5) personal injury claims resulting from drug or alcohol-impaired operation of a motor vehicle or vessel; (6) Federal criminal law enforcement with regard to abusive reaffirmations of debt; (7) fraudulent bankruptcy schedules; (8) education and retirement benefits; and (9) nondischarge from a debt for restitution or damages awarded in a civil action against the debtor for willful or malicious injury that caused personal injury or death of an individual. Prescribes guidelines regarding: (1) discouragement of bankruptcy abuse; (2) general and small business bankruptcy; (3) bankruptcy data dissemination and bankruptcy tax provisions; (4) ancillary and other cross-border cases to incorporate the Model Law on Cross-Border Insolvency; and (5) financial contracts and transfers entered into with an insolvent insured depository institution before its conservatorship or receivership. Reenacts Chapter 12, Adjustment of Debts of a Family Farmer with Regular Annual Income. Prescribes guidelines for insolvent health care businesses and attendant patients' rights. Mandates appointments and extensions for certain additional temporary bankruptcy judgeships. Prescribes additional consumer credit disclosures.

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

Timeline

1. 30 January 2001

   Introduced

   Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time. (text of measure as introduced: CR S788-833)

   Source: Calendars

2. 30 January 2001

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 31 January 2001

   Calendars

   Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 7.

   Source: Calendars

Votes

No vote records are attached yet.

Versions

• Placed on Calendar Senate · 31 January 2001 · Official file

Documents

3 official files

• Placed on Calendar Senate (text)

  Placed on Calendar Senate · EN · 31 January 2001

  ViewDownloadOpen at official source

• Placed on Calendar Senate (PDF)

  Placed on Calendar Senate · EN · 31 January 2001

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 30 January 2001

  Open at official source

Sponsors

• Chuck Grassley · R · Sponsor
• Sen. Sessions, Jeff [R-AL] · R · Sponsor
• Sen. Hatch, Orrin G. [R-UT] · R · Sponsor
• Rep. Johnson, Tim [D-SD-At Large] · D · Cosponsor
• Rep. Torricelli, Robert G. [D-NJ-9] · D · Cosponsor
• Sen. Biden, Joseph R., Jr. [D-DE] · D · Cosponsor
• Rep. Carper, Thomas R. [D-DE-At Large] · D · Cosponsor

Related records

• related to → To amend the Agricultural Market Transition Act to authorize a program to encourage agricultural producers to rest and rehabilitate croplands while enhancing soil and water conservation and wildlife habitat.
• related to → Bankruptcy Reform Act of 2001
• related to ← Bankruptcy Reform Act of 2001