Bankruptcy
US Congress 113th Congress
Small Business Hardship Relief Act [HB-5651]
[Healthcare ]
[Small Business ]
[Taxes ]
[Budget and Spending ]
[Insurance ]
[Disaster Relief ]
[Economic Development ]
Small Business Hardship Relief Act - Amends the Internal Revenue Code to exempt from the employer mandate to provide minimum essential health care coverage for its employees a small business (i.e., an employer of not more than 100 full-time employees) experiencing a hardship. Defines "hardship" to include situations in which a small business has missed two or more consecutive loan payments, is a debtor in a Chapter 11 (reorganization) bankruptcy proceeding, has received a notice of termination of utility services or a notice of eviction, has experienced
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Sponsored by: Rep. Raul Ruiz
Referred To The House Committee On Ways And Means. on 09/18/2014
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Security Clearance Enhancement Act of 2014 [HB-5593]
[Cybersecurity ]
[National Security ]
[Technology and Innovation ]
[Law Enforcement ]
[Mental Health ]
[Data Privacy ]
[Crime ]
Security Clearance Enhancement Act of 2014 - Amends the Intelligence Reform and Terrorism Prevention Act of 2004 to expand the responsibilities of the executive agency selected to conduct security clearance investigations of U.S. government employees and contractors who require access to classified information. Requires such agency to provide for: (1) the collection of data from government, commercial data, consumer reporting agency, and social media sources, as well as data relevant to the granting, denial, or revocation of access to classified
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Sponsored by: Rep. Tulsi Gabbard
Referred To The House Committee On Oversight And Government Reform. on 09/18/2014
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Farm Protection Act of 2014 [HB-5542]
[Agriculture ]
[Finance ]
[Small Business ]
[Food ]
Farm Protection Act of 2014 - Amends the Agricultural Act of 2014 to require the Secretary of Agriculture (USDA) to extend: (1) the term and any due date of a marketing assistance loan, and (2) the due date for repayment of farm ownership, operating, or emergency loans. Requires the extensions in cases where a farmer has sold, transferred, or delivered the commodity subject to the loan to a purchaser who has filed for bankruptcy prior to payment. Provides that the extensions shall last until after the bankruptcy case is closed or dismissed. Suspends
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Sponsored by: Sen. Tom Cotton
Referred To The Subcommittee On General Farm Commodities And Risk Management. on 09/30/2014
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Preserving Multifamily Housing Act of 2014 [HB-5495]
[Housing ]
[Finance ]
[Real Estate ]
Preserving Multifamily Housing Act of 2014 - Prohibits the Director of the Federal Housing Finance Agency (FHFA) from taking any action that has the effect of reducing or limiting the volume or scope of the business of the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac) (government-sponsored enterprises or GSEs) in mortgages for multifamily housing unless the Director: (1) determines that there is substantial evidence that such action is necessary to ensure the financial safety and soundness
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Sponsored by: Rep. Carolyn B. Maloney
Referred To The House Committee On Financial Services. on 09/16/2014
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Financial Institution Bankruptcy Act of 2014 [HB-5421]
[Finance ]
[Budget and Spending ]
[Law Enforcement ]
Financial Institution Bankruptcy Act of 2014 - (Sec. 2) Amends federal bankruptcy law with respect to a "covered financial corporation" incorporated or organized under any federal or state law (other than a stockbroker, a commodity broker, or a domestic or foreign insurance company or financial institution meeting certain criteria) that is: (1) a bank holding company; or (2) a corporation that exists for the primary purpose of owning, controlling, and financing its subsidiaries, has total consolidated assets of $50 billion or greater, and whose
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Sponsored by: Rep. John Conyers
Received In The Senate And Read Twice And Referred To The Committee On The Judiciary. on 12/02/2014
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American Renaissance in Manufacturing Act [HB-5360]
[Manufacturing ]
[Finance ]
[Energy ]
[Environmental ]
[Taxes ]
[Trade ]
[Budget and Spending ]
[Law Enforcement ]
[Mining ]
[Construction ]
[Technology and Innovation ]
[Small Business ]
[Labor, Jobs, Employment ]
[Air Quality ]
American Renaissance in Manufacturing Act - Title I: Creating a More Competitive Tax Code - Amends the Internal Revenue Code to reduce to 25% of taxable income the income tax rate for corporations (currently, the maximum rate is 35%). Makes permanent: (1) the reduction in the recognition period for the built-in gains of S corporations, (2) the basis adjustments to the stock of S corporations making charitable contributions of appreciated property, (3) the expensing allowance for depreciable business assets, (4) the research tax credit, and (5) the
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Sponsored by: Rep. David P. Roe
Referred To The Subcommittee On Energy And Mineral Resources. on 09/15/2014
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Private Student Loan Bankruptcy Fairness Act of 2013 [HB-532]
[Student Loans ]
[Education ]
Private Student Loan Bankruptcy Fairness Act of 2013 - Amends the federal bankruptcy code to limit the non-dischargeability, except in cases of undue hardship, of educational loans to those made, insured, or guaranteed by a governmental unit, or made under any program funded by a governmental unit or any program for which substantially all of the funds are provided by a nonprofit institution (thus allowing the discharge of private educational loan indebtedness without the need to show an undue hardship).
Sponsored by: Rep. Raul M. Grijalva
Referred To The Subcommittee On Regulatory Reform, Commercial And Antitrust Law. on 02/28/2013
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Puerto Rico Chapter 9 Uniformity Act of 2014 [HB-5305]
[Finance ]
[Budget and Spending ]
[Economic Development ]
Puerto Rico Chapter 9 Uniformity Act of 2014 - Amends the fedral bankruptcy code to treat Puerto Rice as a state under chapter 9 (Adjustment of the Debts of a Municipality).
Sponsored by: Rep. Pedro R. Pierluisi
Referred To The Subcommittee On Regulatory Reform, Commercial And Antitrust Law. on 09/26/2014
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Pell Grant Accessibility Act [HB-5191]
[Education ]
[Student Loans ]
Pell Grant Accessibility Act - Amends the Higher Education Act of 1965 to authorize the Secretary of Education to waive the ban on participation in the Federal Pell Grant program by an institution of higher education (IHE) (or an affiliate that controls the IHE) that has filed for bankruptcy if: (1) that filing occurred at least five years before the IHE seeks a waiver of such ban, (2) the IHE submits to the Secretary such information as the Secretary considers appropriate, and (3) the Secretary determines that the IHE should not be subject to the
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Sponsored by: Rep. Jerry McNerney
Referred To The House Committee On Education And The Workforce. on 07/24/2014
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Protecting Employees and Retirees in Municipal Bankruptcies Act of 2014 [HB-5133]
[Labor, Jobs, Employment ]
[Retirement ]
[Pensions ]
[Law Enforcement ]
Protecting Employees and Retirees in Municipal Bankruptcies Act of 2014 - Amends federal bankruptcy law with respect to the requirement for a municipality to be a debtor under Chapter 9 (Adjustment of Debts of a Municipality) that the municipality has negotiated in good faith with creditors and failed to obtain the agreement of those holding at least a majority in amount of the claims of each class that the municipality intends to impair under a plan. Requires that, with respect to creditors who are the municipality's employees or retirees, "good
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Sponsored by: Rep. Henry C. Johnson
Referred To The Subcommittee On Regulatory Reform, Commercial And Antitrust Law. on 09/02/2014
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Preventing Termination of Utility Services in Bankruptcy Act of 2014 [HB-5132]
[Consumer Protection ]
[Energy ]
Preventing Termination of Utility Services in Bankruptcy Act of 2014 - Amends federal bankruptcy law, with respect to the prohibition against disruption of utility services to a debtor, to declare that an individual debtor may not be required to furnish assurance of payment if he or she pays, within 20 days after the date of the order for relief, those debts owed to a utility for service during that period, and afterward also pays when due debts owed for service during the pendency of the case in bankruptcy.
Sponsored by: Rep. Henry C. Johnson
Referred To The Subcommittee On Regulatory Reform, Commercial And Antitrust Law. on 09/02/2014
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Partnership to Strengthen Homeownership Act of 2014 [HB-5055]
[Finance ]
[Real Estate ]
[Housing ]
[Insurance ]
[Community Development ]
Partnership to Strengthen Homeownership Act of 2014 - Amends the National Housing Act to remove the Government National Mortgage Association (Ginnie Mae) from the Department of Housing and Urban Development (HUD) and establish it as an independent entity, with a Director in place of the Secretary of Housing and Urban Development. Transfers to Ginnie Mae the powers, duties, personnel, and property of Federal Housing Finance Agency (FHFA), which is hereby abolished. Establishes within Ginnie Mae the Issuing Platform, available for use only by eligible
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Sponsored by: Rep. Mike Quigley
Referred To The House Committee On Financial Services. on 07/10/2014
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Medical Bankruptcy Fairness Act of 2014 [HB-4917]
[Healthcare ]
[Insurance ]
[Consumer Protection ]
Medical Bankruptcy Fairness Act of 2014 - Amends federal bankruptcy law to cite circumstances under which a medically distressed debtor may elect to exempt from the property of the estate in bankruptcy up to $250,000 of the debtor's aggregate interest in: (1) specified real or personal property that the debtor (or debtor's dependent) uses as a residence, (2) a cooperative that owns the property used as a residence by the debtor or a dependent of the debtor, or (3) a burial plot for the debtor or debtor's dependent. Applies the same election to certain
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Sponsored by: Rep. Matthew A. Cartwright
Referred To The Subcommittee On Regulatory Reform, Commercial And Antitrust Law. on 07/21/2014
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Stopping Abusive Student Loan Collection Practices in Bankruptcy Act of 2014 [HB-4835]
[Student Loans ]
[Finance ]
[Law Enforcement ]
Stopping Abusive Student Loan Collection Practices in Bankruptcy Act of 2014 - Amends federal bankruptcy law to allow an individual whose student loan debt is discharged due to undue hardship to recover the costs of, and a reasonable attorney's fee for, the discharge proceeding if the court finds that the position of the creditor was not substantially justified.
Sponsored by: Rep. Henry C. Johnson
Referred To The Subcommittee On Regulatory Reform, Commercial And Antitrust Law. on 07/21/2014
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Generating Renewal, Opportunity, and Work with Accelerated Mobility, Efficiency, and Rebuilding of Infrastructure and Communities throughout America Act [HB-4834]
[Infrastructure ]
[Transportation and Motor Vehicles ]
[Community Development ]
[Economic Development ]
[Labor, Jobs, Employment ]
[Construction ]
Generating Renewal, Opportunity, and Work with Accelerated Mobility, Efficiency, and Rebuilding of Infrastructure and Communities throughout America Act
Sponsored by: Rep. Eleanor Holmes Norton
Referred To The Subcommittee On Research And Technology. on 07/15/2014
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Health Savings Act of 2014 [HB-4777]
[Healthcare ]
[Insurance ]
[Taxes ]
[Medicare and Medicaid ]
Health Savings Act of 2014 - Amends the Internal Revenue Code, with respect to health savings accounts (HSAs), to: (1) allow an additional tax deduction for amounts paid to the HSA of a taxpayer's child or grandchild; (2) allow a rollover of HSA funds to the child, parent, or grandparent of an account holder; (3) increase the maximum HSA contribution limit; (4) allow mandatory distributions from an individual retirement account (IRA) to be paid into an HSA; (5) exempt HSAs from creditor claims in bankruptcy; and (6) expand the definition of an HSA
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Sponsored by: Rep. Jeff Fortenberry
Referred To The Subcommittee On Regulatory Reform, Commercial And Antitrust Law. on 07/21/2014
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Bereaved Borrowers' Bill of Rights Act of 2014 [HB-4643]
[Student Loans ]
[Consumer Protection ]
Bereaved Borrowers' Bill of Rights Act of 2014 - Amends the Truth in Lending Act to require a private educational lender to include in a private education loan for which the cosigner is jointly liable a process for releasing the cosigner from obligations on such loan. Requires a lender who receives notification of the death or bankruptcy of a cosigner who is jointly liable for the loan to notify the borrower about the borrower's rights under the loan agreement regarding: (1) release of the cosigner, and (2) identification of a new cosigner or refinancing
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Sponsored by: Rep. Barbara Lee
Referred To The House Committee On Financial Services. on 05/09/2014
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To repeal the Dodd-Frank Wall Street Reform and Consumer Protection Act. [HB-46]
[Finance ]
[Consumer Protection ]
Repeals the Dodd-Frank Wall Street Reform and Consumer Protection Act. Revives or restores the provisions of law amended by such Act as if it had not been enacted.
Sponsored by: Rep. Ted S. Yoho
Referred To The Subcommittee On General Farm Commodities And Risk Management. on 02/04/2013
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Limiting Investor and Homeowner Loss in Foreclosure Act of 2014 [HB-4596]
[Housing ]
[Real Estate ]
[Finance ]
[Consumer Protection ]
Limiting Investor and Homeowner Loss in Foreclosure Act of 2014 - Authorizes a bankruptcy court to establish a loss mitigation program for the negotiation of consensual alternatives to avoid foreclosure between an individual debtor and the holder of a claim secured by a security interest in the debtor's principal residence.
Sponsored by: Rep. Steve Cohen
Referred To The Subcommittee On Regulatory Reform, Commercial And Antitrust Law. on 07/21/2014
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Protecting Students From Automatic Default Act of 2014 [HB-4511]
[Student Loans ]
[Education ]
[Consumer Protection ]
Protecting Students From Automatic Default Act of 2014 - Amends the Truth in Lending Act to require a private educational lender to notify a borrower immediately if, upon receiving notification of the death or bankruptcy of a cosigner jointly liable for the private education loan, the lender deems the borrower to be in default, changes the terms of the loan, or accelerates the loan's repayment terms. Requires a private educational lender to give a borrower at least 90 days after such a notification to identify a new cosigner for that loan. Retains
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Sponsored by: Rep. James R. Langevin
Referred To The House Committee On Financial Services. on 04/29/2014