About the bill
On the other hand, nobody comes for your guns if you land on the “bankrupt” wedge in Wheel of Fortune.
Context
When a person files for bankruptcy, they usually have to undergo asset forfeiture, in which they turn in many (or even most) of their possessions. They’re still allowed to keep certain basic necessities.
Over the years, Congress has specified numerous federally protected possessions during asset forfeiture, including medical equipment, one television, one personal computer, kitchenware, and even wedding rings for the sentimental value.
Congress has also specified several items which are not protected, mostly expensive items which are clearly not necessities, including art, boats, yachts, and personal planes. (Such items could perhaps still be retained, as determined by a bankruptcy court on an individual basis, but their …
Sponsor and status
118th Congress (2023–2025)
Introduced on Feb 9, 2023
This bill is in the first stage of the legislative process. It was introduced into Congress on February 9, 2023. It will typically be considered by committee next before it is possibly sent on to the House or Senate as a whole.
Other activity may have occurred on another bill with identical or similar provisions.
3 Cosponsors (3 Republicans)
Position statements
History
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Feb 9, 2023
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Introduced
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Passed Committee
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Passed House
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Passed Senate
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Signed by the President
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H.R. 962 is a bill in the United States Congress.
A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
Bills numbers restart every two years. That means there are other bills with the number H.R. 962. This is the one from the 118th Congress.
How to cite this information.
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“H.R. 962 — 118th Congress: Protecting Gun Owners in Bankruptcy Act of 2023.” www.GovTrack.us. 2023. March 28, 2023 <https://www.govtrack.us/congress/bills/118/hr962>
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Where is this information from?
GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.
