Bankruptcy Venue Reform Act of 2019
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Sep 19, 2019)
Bankruptcy Venue Reform Act of 2019
This bill limits where a non-individual debtor (e.g., a corporate debtor) may file for chapter 11 bankruptcy. Specifically, these debtors must file in the district court for the district in which the principal place of business or principal assets of the debtor are located. Under current law, these debtors may also file where they are domiciled (i.e., incorporated) or where there is a chapter 11 case pending concerning an affiliate, general partner, or partnership.
For certain debtors who are issuers of securities, their principal place of business is defined in the bill as the address of the entity's principal executive office as provided in specified Securities and Exchange Commission filings.
What just happenedOct 28, 2019
Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.
Who’s behind it
- Introduced in HouseSep 19, 2019
- Oct 28, 2019Committee
Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.
Administrative State, Regulatory Reform, and Antitrust Subcommittee - Sep 19, 2019IntroReferralH11100
Referred to the House Committee on the Judiciary.
Judiciary Committee - Sep 19, 2019IntroReferralIntro-H
Introduced in House
- Sep 19, 2019IntroReferral1000
Introduced in House