Bankruptcy
US Congress 114th Congress
Economic Freedom Zones Act of 2015 [S.790]
[Taxes ]
[Labor, Jobs, Employment ]
[Education ]
[Immigration ]
[Environmental ]
[Small Business ]
[Poverty ]
[Economic Development ]
[Community Development ]
[Budget and Spending ]
[Construction ]
[Real Estate ]
[Finance ]
[Human Services ]
Economic Freedom Zones Act of 2015 Prohibits federal assistance (e.g., loans, loan guarantees, or purchases) from being provided to: (1) a municipality or a zip code (eligible entity), other than an entity that is designated an Economic Free Zone by this Act; (2) a municipality that is a debtor in a bankruptcy proceeding; or (3) a municipality that is insolvent. Sets forth requirements for the designation of an eligible entity that is a municipality as an Economic Freedom Zone for a 10-year period, including bankruptcy eligibility, insolvency, or
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Sponsored by: Sen. Rand Paul
Read Twice And Referred To The Committee On Finance. on 03/18/2015
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Fairness for Struggling Students Act of 2015 [S.729]
[Student Loans ]
Fairness for Struggling Students Act of 2015 Revises federal bankruptcy law with respect to the exemption from the exception to discharge in bankruptcy for certain educational loans if excepting such debt from discharge would impose an undue hardship on the debtor and debtor's dependents. Limits such exemption to the existing ones for: (1) an educational benefit overpayment or loan made, insured, or guaranteed by a governmental unit or made under any program funded in whole or in part by a governmental unit; and (2) an obligation to repay funds
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Sponsored by: Sen. Jack Reed
Read Twice And Referred To The Committee On The Judiciary. (text Of Measure As Introduced: Cr S1497) on 03/12/2015
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Restoring Main Street Investor Protection and Confidence Act [S.67]
[Finance ]
[Consumer Protection ]
[Law Enforcement ]
[Investments ]
Restoring Main Street Investor Protection and Confidence Act Amends the Securities Investor Protection Act of 1970 to redefine "net equity." Bases the determination of net equity, the positions, options, and contracts of a customer reported to the customer as held by the debtor, and any indebtedness of the customer to the debtor, upon: (1) the information contained in the last statement issued by the debtor to the customer before the filing date; and (2) any additional written confirmations of the customer's positions, options, contracts, or indebtedness
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Sponsored by: Sen. Bill Cassidy
Committee On Banking, Housing, And Urban Affairs. Hearings Held. on 09/30/2015
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SONG Act Saving Our Next Generation Act [S.473]
[Family-Related Legislation ]
[Finance ]
[Labor, Jobs, Employment ]
[Taxes ]
[Healthcare ]
[Human Services ]
[Poverty ]
[Public Health ]
[Mental Health ]
[Children and Youth ]
[Education ]
[Student Loans ]
[Budget and Spending ]
SONG Act Saving Our Next Generation Act Expresses the sense of the Senate that the federal programs most critical to improving child well-being should be fully funded. Establishes the President's Commission on Children. Directs the Secretary of Health and Human Services (HHS) to contract with the Institute of Medicine to study evidence-based best practices and innovations for fostering safe and stable families, including implementing mentoring programs. Requires the Secretary to award grants to eligible entities to implement best practices and innovations
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Sponsored by: Sen. Tom Udall
Read Twice And Referred To The Committee On Finance. on 02/12/2015
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FACT Act Furthering Asbestos Claim Transparency Act of 2015 [S.357]
[Consumer Protection ]
[Law Enforcement ]
[Public Safety ]
[Healthcare ]
[Taxes ]
[Insurance ]
FACT Act Furthering Asbestos Claim Transparency Act of 2015 Amends federal bankruptcy law concerning a trust formed under a reorganization plan following the discharge in bankruptcy of a debtor corporation in order to assume the debtor's liability with respect to claims seeking recovery for personal injury, wrongful death, or property damage allegedly caused by the presence of, or exposure to, asbestos or asbestos-containing products. Requires such a trust to file with the bankruptcy court quarterly reports, available on the public docket, which
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Sponsored by: Sen. Jeff Flake
Committee On The Judiciary. Hearings Held. on 02/03/2016
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Miners Protection Act of 2016 [S.3470]
[Energy ]
[Labor, Jobs, Employment ]
[Pensions ]
[Mining ]
[Retirement ]
Miners Protection Act of 2016
Sponsored by: Sen. Orrin G. Hatch
Committee On Finance. Original Measure Reported To Senate By Senator Hatch. With Written Report No. 114-374. on 11/16/2016
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Derivatives Oversight and Taxpayer Protection Act [S.3118]
[Finance ]
[Taxes ]
[Consumer Protection ]
Derivatives Oversight and Taxpayer Protection Act
Sponsored by: Sen. Mark R. Warner
Read Twice And Referred To The Committee On Agriculture, Nutrition, And Forestry. on 06/29/2016
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Financial Services and General Government Appropriations Act, 2017 [S.3067]
[Finance ]
[Cybersecurity ]
[Technology and Innovation ]
[Budget and Spending ]
[Small Business ]
[Consumer Protection ]
[Data Privacy ]
[Economic Development ]
[Elections ]
[Ethics ]
[Funding ]
[Grants ]
[Law Enforcement ]
[Telecommunications ]
[Trade ]
[Public Safety ]
[Taxes ]
[Crime ]
Financial Services and General Government Appropriations Act, 2017 Provides FY2017 appropriations for financial services and general government, including programs within the Department of the Treasury, the Executive Office of the President, the federal judiciary, the District of Columbia, and several independent agencies. Department of the Treasury Appropriations Act, 2017 TITLE I--DEPARTMENT OF THE TREASURY Provides appropriations to the Department of the Treasury for Departmental Offices, including: Salaries and Expenses, the Cybersecurity Enhancement
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Sponsored by: Sen. John Boozman
Committee On Appropriations. Original Measure Reported To Senate By Senator Boozman. With Written Report No. 114-280. on 06/16/2016
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Puerto Rico Humanitarian Relief and Reconstruction Act [S.3044]
[Budget and Spending ]
[Community Development ]
[Disaster Relief ]
[Economic Development ]
[Elections ]
[Energy ]
[Funding ]
[Grants ]
[Healthcare ]
[Housing ]
[Infrastructure ]
[Medicare and Medicaid ]
[Public Health ]
[Social Security ]
[Taxes ]
[Telecommunications ]
[Transportation and Motor Vehicles ]
[Water ]
Puerto Rico Humanitarian Relief and Reconstruction Act This bill establishes a Puerto Rico Reconstruction Finance Corporation to accept applications from the government of Puerto Rico or its municipalities to restructure their bond debts through a process under which: (1) the corporation will purchase the bonds from bond holders at the price the holder paid for the bond, and (2) the par value of each bond is reduced to the last price paid for the bond. Impairment of pension benefits is not permitted. The board of the corporation must consist of
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Sponsored by: Sen. Bernard Sanders
Read Twice And Referred To The Committee On Finance. on 06/09/2016
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World's Greatest Healthcare Plan Act of 2016 [S.2985]
[Healthcare ]
World's Greatest Healthcare Plan Act of 2016
Sponsored by: Sen. Bill Cassidy
Read Twice And Referred To The Committee On Finance. on 05/25/2016
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US Congress 114th Congress
Territories Relief Act [S.2682]
[Finance ]
Territories Relief Act This bill allows a territory (the Commonwealth of Puerto Rico, Guam, American Samoa, the Commonwealth of the Northern Mariana Islands, or the U.S. Virgin Islands), or a municipality of a territory, to petition the bankruptcy court for the judicial district in which it is located to effect a plan to adjust its debts. The chief judge of the court of appeals for the circuit of the district in which the case is commenced shall designate the bankruptcy judge to conduct the case.
Sponsored by: Sen. Edward J. Markey
Read Twice And Referred To The Committee On Energy And Natural Resources. on 03/15/2016
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Puerto Rico Stability Act of 2016 [S.2676]
[Finance ]
[Budget and Spending ]
[Pensions ]
[Economic Development ]
Puerto Rico Stability Act of 2016 This bill permits the government of Puerto Rico to restructure its debt by using a process that requires it to establish a Fiscal Stability and Reform Board, a Chief Financial Officer, and a fiscal plan. The Department of the Treasury may provide technical assistance to territories (Puerto Rico, Guam, American Samoa, the Northern Mariana Islands, or the U.S. Virgin Islands) it determines are eligible for assistance relating to fiscal and financial practices. The bill amends the Omnibus Insular Areas Act of 1992
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Sponsored by: Sen. Dianne Feinstein
Read Twice And Referred To The Committee On Energy And Natural Resources. on 03/14/2016
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US Congress 114th Congress
Health Savings Act of 2016 [S.2499]
[Healthcare ]
[Medicare and Medicaid ]
[Taxes ]
[Insurance ]
[Public Health ]
[Social Security ]
[Senior Citizens ]
Health Savings Act of 2016 This bill amends the Internal Revenue Code, with respect to the taxation of health savings accounts (HSAs), to: rename high deductible health plans as HSA-qualified health plans; allow spouses who have both attained age 55 to make increased catch-up contributions to the same HSA; make Medicare Part A (hospital insurance benefits) beneficiaries eligible to participate in an HSA; allow individuals eligible for hospital care or medical services under a medical care program of the Indian Health Service or of a tribal organization
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Sponsored by: Sen. Jeff Flake
Read Twice And Referred To The Committee On Finance. on 02/04/2016
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Bankruptcy Judgeship Act of 2016 [S.2448]
[Finance ]
[Law Enforcement ]
[Budget and Spending ]
Bankruptcy Judgeship Act of 2016 This bill amends the federal judicial code to: convert certain temporary bankruptcy judges to permanent bankruptcy judges and authorize the appointment of additional bankruptcy judges in Delaware and Michigan; convert temporary bankruptcy judges to permanent bankruptcy judges in specified judicial districts in Florida, Maryland, Nevada, North Carolina, Puerto Rico, Tennessee, and Virginia; and authorize the appointment of additional bankruptcy judges in the middle district of Florida.
Sponsored by: Sen. Bill Nelson
Read Twice And Referred To The Committee On The Judiciary. on 01/19/2016
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✔
PROMESA Puerto Rico Oversight, Management, and Economic Stability Act [S.2328]
[Budget and Spending ]
[Economic Development ]
[Funding ]
[Grants ]
[Infrastructure ]
[Labor, Jobs, Employment ]
[Pensions ]
[Small Business ]
[Taxes ]
[Trade ]
PROMESA Puerto Rico Oversight, Management, and Economic Stability Act This bill addresses Puerto Rico's debt by establishing an oversight board, a process for restructuring debt, and expedited procedures for approving critical infrastructure projects. (Sec. 2) The effective date of this bill is the date of enactment. Title III (Adjustments of Debts) only applies to cases commenced under it on or after the date of enactment. Titles III and VI (Creditor Collective Action) apply to all debts, claims, and liens, regardless of the creation date. (Sec.
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Sponsored by: Sen. Brian Schatz
Message On Senate Action Sent To The House. on 06/30/2016
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Christopher Bryski Student Loan Protection Act Christopher's Law [S.1958]
[Student Loans ]
[Consumer Protection ]
[Finance ]
Christopher Bryski Student Loan Protection Act Christopher's Law This bill amends the Truth in Lending Act to require a private student loan lender to disclose clearly and conspicuously in writing a cosigner's obligations regarding a private student loan. The Consumer Financial Protection Bureau (CFPB) must publish a model form for such disclosure. The bill prohibits a private student loan lender from taking an adverse action against a borrower (e.g., placing a loan in default or accelerating a loan balance) upon a cosigner's death, disability,
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Sponsored by: Sen. Cory A. Booker
Read Twice And Referred To The Committee On Health, Education, Labor, And Pensions. on 08/05/2015
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Family Farmer Bankruptcy Clarification Act of 2015 [S.194]
[Agriculture ]
[Finance ]
[Small Business ]
Family Farmer Bankruptcy Clarification Act of 2015 Amends chapter 12 of federal bankruptcy law (Debt Adjustment of a Family Farmer or Fisherman with Regular Annual Income) with respect to discharge of governmental claims based upon the disposition of property used in a farming operation. Treats any unsecured claim of a governmental unit against the debtor or debtor's estate as an unsecured debt (hence, not entitled to priority payment), if it results from the sale, transfer, exchange, or other disposition of any property used in the debtor's farming
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Sponsored by: Sen. Chuck Grassley
Read Twice And Referred To The Committee On The Judiciary. (sponsor Introductory Remarks On Measure: Cr S284-285; Text Of Measure As Introduced: Cr S285) on 01/20/2015
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Taxpayer Protection and Responsible Resolution Act [S.1841]
[Finance ]
[Taxes ]
[Budget and Spending ]
[Law Enforcement ]
Taxpayer Protection and Responsible Resolution Act This bill 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 subsidiaries predominantly engaged in activities that are financial in nature or
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Sponsored by: Sen. John Cornyn
Read Twice And Referred To The Committee On The Judiciary. (text Of Measure As Introduced: Cr S5464-5468) on 07/22/2015
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Taxpayer Protection and Responsible Resolution Act [S.1840]
[Finance ]
[Taxes ]
[Budget and Spending ]
[Consumer Protection ]
[Investments ]
Taxpayer Protection and Responsible Resolution Act This bill 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 subsidiaries predominantly engaged in activities that are financial in nature or
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Sponsored by: Sen. Mike Lee
Committee On Banking, Housing, And Urban Affairs Subcommittee On Financial Institutions And Consumer Protection. Hearings Held. on 07/29/2015
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Puerto Rico Chapter 9 Uniformity Act of 2015 [S.1774]
[Finance ]
[Budget and Spending ]
[Economic Development ]
Puerto Rico Chapter 9 Uniformity Act of 2015 Amends the federal bankruptcy code to treat Puerto Rico as a state under chapter 9 (Adjustment of the Debts of a Municipality).
Sponsored by: Sen. Robert P. Casey
Read Twice And Referred To The Committee On The Judiciary. on 07/15/2015