S. 420107th CongressSenate Bill

Bankruptcy Reform Act of 2001

Introduced in the SenateDead

This bill died when its Congress ended.

Bills don't carry over between Congresses. Without re-introduction in a new session, it cannot advance.

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 regarding abusive reaffirmations of debt; (7) fraudulent bankruptcy schedules; (8) education and retirement benefits; (9) privacy protection of debtor's nonpublic personal information; and (10) nondischargeability of debts resulting from civil restitution or damages for debtor's willful or malicious injury that caused personal injury or death of an individual, or violations of laws relating to the provision of lawful goods and services. Prescribes guidelines regarding: (1) discouragement of bankruptcy abuse; (2) general and small business bankruptcy; (3) bankruptcy data dissemination and bankruptcy tax provisions; (4) incorporation into the bankruptcy code of 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 (including securities broker/commodity broker liquidation). 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.

Introduced Mar 1, 2001
1
Introduced

Filed in the Senate

2
Passed Senate
3
Passed House
4
Became Law

This senate bill has been filed and is working its way through Congress. It will need to pass both the Senate and the House, then be signed by the President to become law.

Who introduced this

CG

Chuck Grassley

Republican

U.S. Senator · IA

7 cosponsors — mostly Democrats

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