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United States · Law · S

S. 400 (103rd)

Aircraft Equipment Settlement Leases Act of 1993

enactedUnited States· United States Congress· EN

Introduced

18 February 1993

Last action

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Status

Became Public Law No: 103-7.

Sponsors

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Subjects

Discovery layer

Source updated

21 April 2025

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Summary

Pension Benefit Guaranty Corporation Lease Settlements Act of 1993 - Amends the Employee Retirement Income Security Act of 1974 (ERISA) to treat certain pension liability settlement leases involving aircraft equipment (or vessels) as leases for purposes of the Federal bankruptcy code an agreement setting such liability: (1) was entered into before enactment of this Act; (2) involves at least one party who was a debtor under the code; and (3) involves the Pension Benefit Guaranty Corporation as a party-in-interest to the agreement which provides that the agreement is to be treated as a lease.

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11 official files

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