Bill107th CongressFiled Sep 24, 2002Finance and Financial Sector
S. 2996
Bankruptcy Abuse Reform Act of 2002
Bill journey · stage 2 of 5
Under committee review
FiledFiled
CommitteeComm.
PassedFloor
Both ChambersBoth
Became LawLaw
What it doesSummary introduced in senate (Sep 24, 2002)
Bankruptcy Abuse Reform Act of 2002--Amends the Federal bankruptcy code to prohibit a debtor from exempting from the estate in bankruptcy any amount of interest that exceeds in the aggregate $125,000 in value in: (1) real or personal property used as a residence; (2) a cooperative that owns property used as a residence by the debtor or debtor's dependent; or (3) a burial plot for the debtor or debtor's dependent.
States that this limitation on such an exemption does not apply to the principal residence of a family farmer.
What just happenedSep 24, 2002
Read twice and referred to the Committee on the Judiciary. (text of measure as introduced: CR S9123)
Who’s behind it
Sen. Kohl, Herb [D-WI](D-WI)Sponsor
2 cosponsors1 D1 R
2cosponsors1committees3actions7subjects
- Sep 24, 2002IntroReferral
Read twice and referred to the Committee on the Judiciary. (text of measure as introduced: CR S9123)
Judiciary Committee - Sep 24, 2002IntroReferralB00100
Sponsor introductory remarks on measure. (CR S9122-9123)
- Sep 24, 2002IntroReferral10000
Introduced in Senate