H.R. 4493 (103rd): Abolition of Bankruptcy Havens Amendments of 1994

Introduced:
May 25, 1994 (103rd Congress, 1993–1994)
Status:
Died (Referred to Committee)
Sponsor
David Mann
Representative for Ohio's 1st congressional district
Party
Democrat
Text
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Last Updated
May 25, 1994
Length
2 pages
 
Status

This bill was introduced on May 25, 1994, in a previous session of Congress, but was not enacted.

Progress
Introduced May 25, 1994
Referred to Committee May 25, 1994
 
Full Title

To amend title 11 of the United States Code to limit the value of certain real and personal property that the debtor may elect to exempt under State or local law.

Summary

No summaries available.

Cosponsors
2 cosponsors (2D) (show)
Committees

House Judiciary

Regulatory Reform, Commercial, and Antitrust Law

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

H.R. stands for House of Representatives bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


5/25/1994--Introduced.
Abolition of Bankruptcy Havens Amendments of 1994 - Amends Federal bankruptcy law to provide that as a result of electing to exempt property that is exempt under State or local law, an individual debtor may not exempt an aggregate interest of more than $50,000 in real or personal property: (1) used as the debtor's (or a dependents') residence; (2) in a cooperative that owns property used by the debtor (or a dependent) as a residence; or (3) in a burial plot for the debtor (or a dependent).

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.


No summary available.

House Democratic Caucus Summary

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