United States · Bill · S
S. 2472 (117th)
SACKLER Act
Introduced
26 July 2021
Last action
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Status
Read twice and referred to the Committee on the Judiciary.
Sponsors
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Subjects
Discovery layer
Source updated
10 August 2026
Summary
Stop shielding Assets from Corporate Known Liability by Eliminating non-debtor Releases Act or the SACKLER Act This bill prohibits a bankruptcy court from releasing claims against non-debtors brought by states, tribes, municipalities, or the federal government. However, the bankruptcy court may issue a stay not exceeding 90 days regarding such a claim. Complex bankruptcies may involve creditor claims against non-debtors associated with the debtor, such as the debtor's officers, directors, or employees. Currently, in carrying out a bankruptcy plan, certain courts may release non-debtors from liability (there is a circuit split regarding this practice).
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Votes
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Versions
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate · EN · 26 July 2021
Introduced in Senate (PDF)
Introduced in Senate · EN · 26 July 2021
Introduced in Senate
summary · EN · 26 July 2021
Sponsors
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Related records
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/117th-congress/senate-bill/2472
- Open data entity: https://api.congress.gov/v3/bill/117/s/2472