A bill to amend title 11, United States Code, to provide for family fishermen, and to make chapter 12 of title 11, United States Code, permanent.

Summary

Amends the Omnibus Consolidated and Emergency Supplemental Appropriations Act, 1999 to reenact permanently chapter 12 of the Federal Bankruptcy Code (Adjustments of Debts of a Family Farmer). Amends Federal bankruptcy provisions to include family fishermen as authorized debtors. Requires a guarantor of a claim of a creditor to be treated in the same manner as a creditor with respect to the operation of a stay under such provisions. Treats, with respect to the ownership or operation of a commercial fishing operation, a co-maker of a loan made by a creditor in the same manner as a creditor with respect to such a stay. Includes a commercial fishing operation under provisions concerning debtor rights and powers. Treats a claim for a lien for a commercial fishing vessel of a family fisherman as an unsecured claim. States that such treatment shall not apply to: (1) a claim made by a crewmember or seaman for wages or personal injury; or (2) a preferred ship mortgage that has been perfected under provisions of the Uniform Commercial Code.

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

Timeline

1. 20 March 1999

   Introduced

   Sponsor introductory remarks on measure. (CR S3891-3892)

   Source: IntroReferral

2. 23 March 1999

   Introduced

   Read twice and referred to the Committee on Judiciary.

   Source: IntroReferral

3. 23 March 1999

   Introduced

   Sponsor introductory remarks on measure. (CR S3134-3135)

   Source: IntroReferral

4. 23 March 1999

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 23 March 1999 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 23 March 1999

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 23 March 1999

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 23 March 1999

  Open at official source

Sponsors

• Susan Collins · R · Sponsor
• Sen. Kerry, John F. [D-MA] · D · Cosponsor
• · ssju00 · Standing

Related records

No cross-record relationships stored yet.