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H.R. 2980: Protecting Gun Owners in Bankruptcy Act of 2017

The text of the bill below is as of Jun 21, 2017 (Introduced).


I

115th CONGRESS

1st Session

H. R. 2980

IN THE HOUSE OF REPRESENTATIVES

June 21, 2017

(for himself and Mr. Latta) introduced the following bill; which was referred to the Committee on the Judiciary

A BILL

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 2017.

2.

Exemptions

Section 522 of title 11, 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 firearm or firearms.

; 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 firearm or firearms.

.

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.