< Back to H.R. 5827 (111th Congress, 2009–2010)

Text of the Protecting Gun Owners in Bankruptcy Act of 2010

This bill was introduced in a previous session of Congress and was passed by the House on July 28, 2010 but was never passed by the Senate. The text of the bill below is as of Aug 12, 2010 (Placed on Calendar in the Senate).

Download PDF

Source: GPO

II

Calendar No. 552

111th CONGRESS

2d Session

H. R. 5827

IN THE SENATE OF THE UNITED STATES

July 29, 2010

Received

August 5, 2010

Read the first time

August 12, 2010

Read the second time and placed on the calendar

AN ACT

To amend title 11 of the United States Code to include firearms in the types of property allowable under the alternative provision for exempting property from the estate.

1.

Short title

This Act may be cited as the Protecting Gun Owners in Bankruptcy Act of 2010.

2.

Exemptions

Section 522 of title 11, the United States Code, is amended—

(1)

in subsection (d) by adding at the end the following:

(13)

The debtor's aggregate interest, not to exceed $3,000 in value, in a single rifle, shotgun, or pistol, or any combination thereof.

, and

(2)

in subsection (f)(4)(A)—

(A)

in clause (xiv) by striking and at the end,

(B)

in clause (xv) by striking the period at the end and inserting ; and, and

(C)

by adding at the end the following:

(xvi)

The debtor's aggregate interest, not to exceed $3,000 in value, in a single rifle, shotgun, or pistol, or any combination thereof.

.

3.

Effective date; application of amendments

(a)

Effective date

Except as provided in subsection (b), this Act and the amendments made by this Act shall take effect on the date of the enactment of this Act.

(b)

Application of amendments

The amendments made by this Act shall apply only with respect to cases commenced under title 11 of the United States Code on or after the date of the enactment of this Act.

Passed the House of Representatives July 28, 2010.

Lorraine C. Miller,

Clerk.

August 12, 2010

Read the second time and placed on the calendar