Amendment sought to reorder the priority of governments when funds are disbursed in a bankruptcy. Local governments would have been designated first followed by State government and then the Federal government.

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Amendment Number
665
Description
Amendment sought to reorder the priority of governments when funds are disbursed in a bankruptcy. Local governments would have been designated first followed by State government and then the Federal government.
Purpose
An amendment numbered 7 as printed in House Report 105-573 to place repayment of money owed to a governmental unit as last in priority claims to be considered during a bankruptcy proceeding.
Congress
105
Type
HAMDT
Latest Action Date
Jun 10, 1998
Latest Action Text
On agreeing to the Paul amendment (A006) Failed by voice vote.
Latest Action Time
16:21:01
Submitted Date
Jun 10, 1998
Chamber
House of Representatives
Update Date
Aug 15, 2021
Amendment 665 — Informed