I
111th CONGRESS
2d Session
H. R. 5827
IN THE HOUSE OF REPRESENTATIVES
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.
Short title
This Act may be cited as the Protecting Gun Owners in Bankruptcy Act of 2010
.
Exemptions
Section 522 of title 11, the United States Code, is amended—
in subsection (d) by adding at the end the following:
The debtor's aggregate interest, not to exceed $3,000 in value, in a single rifle, shotgun, or pistol, or any combination thereof.
, and
in subsection (f)(4)(A)—
in clause (xiv) by striking and
at the end,
in clause (xv) by striking the period at the end and inserting ; and
, and
by adding at the end the following:
The debtor's aggregate interest, not to exceed $3,000 in value, in a single rifle, shotgun, or pistol, or any combination thereof.
.
Effective date; application of amendments
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.
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.
