Bankruptcy
US Congress 114th Congress
Consumer Reporting Fairness Act of 2015 [S.1773]
[Consumer Protection ]
[Finance ]
[Data Privacy ]
Consumer Reporting Fairness Act of 2015 This bill requires a creditor that has provided or furnished to a consumer reporting agency any item of information pertaining to an account based on a debt discharged in a case under the federal bankruptcy code to inform such agency that the debt has been discharged in bankruptcy and has a zero balance. An individual injured by any willful violation of this provision shall recover actual damages, including costs and attorneys' fees, and may recover punitive damages in appropriate circumstances.
Sponsored by: Sen. Richard Blumenthal
Read Twice And Referred To The Committee On The Judiciary. on 07/15/2015
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Motor Vehicle Safety Act of 2015 [S.1743]
[Transportation and Motor Vehicles ]
[Consumer Protection ]
[Public Safety ]
[Technology and Innovation ]
[Children and Youth ]
[Cybersecurity ]
[Data Privacy ]
[Law Enforcement ]
[Manufacturing ]
[Grants ]
[Funding ]
[Crime ]
Motor Vehicle Safety Act of 2015 This bill directs the Department of Transportation (DOT) to: promulgate regulations establishing categories of early warning motor vehicle safety information, especially about fatal incidents, that must be made available to the public; and take specified steps to improve public accessibility to information on vehicle safety databases of the National Highway Traffic Safety Administration (NHTSA). The DOT Inspector General shall report biennially on the pre-investigation processes of the NHTSA Office of Defects Investigation
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Sponsored by: Sen. Edward J. Markey
Read Twice And Referred To The Committee On Commerce, Science, And Transportation. (sponsor Introductory Remarks On Measure: Cr S4957-4958; Text Of Measure As Introduced: Cr S4958-4962) on 07/09/2015
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Miners Protection Act of 2015 [S.1714]
[Energy ]
[Healthcare ]
[Labor, Jobs, Employment ]
[Pensions ]
[Mining ]
[Retirement ]
Miners Protection Act of 2015 This bill amends the Surface Mining Control and Reclamation Act of 1977 to address potential shortages in the Multiemployer Health Benefit Plan for payment of health care benefits to retired coal miners by expanding the eligible uses of interest transferable to such plan from the Abandoned Mine Reclamation Fund, and supplemental payments from the General Fund of the Treasury. The calculation of such interest and payments shall be made by taking into account only those beneficiaries who are actually enrolled in the plan
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Sponsored by: Sen. Robert P. Casey
Read Twice And Referred To The Committee On Finance. on 07/07/2015
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21st Century Glass-Steagall Act of 2015 [S.1709]
[Finance ]
[Investments ]
[Consumer Protection ]
21st Century Glass-Steagall Act of 2015 Amends the Federal Deposit Insurance Act to prohibit an insured depository institution from: (1) being or becoming an affiliate of any insurance company, securities entity, or swaps entity; (2) being in common ownership or control with any insurance company, securities entity, or swaps entity; or (3) engaging in any activity that would cause the insured depository institution to qualify as an insurance company, securities entity, or swaps entity. Prohibits any individual who is an officer, director, partner,
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Sponsored by: Sen. John McCain
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. (sponsor Introductory Remarks On Measure: Cr S4689) on 07/07/2015
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Technical Clarification to Public Law 113-243 Act of 2015 [S.1646]
[Labor, Jobs, Employment ]
[Pensions ]
[Retirement ]
[Taxes ]
[Transportation and Motor Vehicles ]
Technical Clarification to Public Law 113-243 Act of 2015 This bill amends the FAA Modernization and Reform Act of 2012 with respect to rollovers to a traditional individual retirement account (IRA) of payments to qualified airline employees in commercial airline carrier bankruptcy cases. A commercial airline employee shall be qualified for such a rollover if he or she had participated in a commercial airline's tax-exempt defined benefit pension plan that was terminated or otherwise restricted. The bill prescribes a special rule for airline payments
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Sponsored by: Sen. Sherrod Brown
Read Twice And Referred To The Committee On Finance. on 06/23/2015
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Keep Our Pension Promises Act [S.1631]
[Pensions ]
[Retirement ]
[Labor, Jobs, Employment ]
[Finance ]
[Taxes ]
[Real Estate ]
[Budget and Spending ]
Keep Our Pension Promises Act This bill repeals the elimination of the pension anti-cutback provisions under the Multiemployer Pension Reform Act of 2014. The anti-cutback provisions prohibit reductions in pension benefits to participants in multiemployer pension plans. The bill amends the Employee Retirement Income Security Act of 1974 (ERISA) to allow a plan sponsor of an eligible multiemployer plan to petition the Pension Benefit Guaranty Corporation for a partition of a financially-troubled pension plan. PBGC is required to establish a legacy
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Sponsored by: Sen. Jack Reed
Read Twice And Referred To The Committee On Finance. on 06/18/2015
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Bailout Prevention Act of 2015 [S.1320]
[Finance ]
[Budget and Spending ]
[Small Business ]
[Consumer Protection ]
[Law Enforcement ]
[Economic Development ]
Bailout Prevention Act of 2015 This bill amends the Federal Reserve Act, with respect to the discounting of obligations arising out of actual commercial transactions, to declare a borrower ineligible to borrow from any emergency lending program or facility unless the Board of Governors of the Federal Reserve System and all federal banking regulators with jurisdiction over the borrower certify that, at the time the borrower initially borrows under the program or facility, the borrower is not insolvent. A borrower shall be deemed insolvent for such
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Sponsored by: Sen. Elizabeth Warren
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 05/13/2015
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Protecting Employees and Retirees in Business Bankruptcies Act of 2015 [S.1156]
[Labor, Jobs, Employment ]
[Pensions ]
[Retirement ]
[Insurance ]
[Healthcare ]
[Workers' Compensation ]
Protecting Employees and Retirees in Business Bankruptcies Act of 2015 Amends federal bankruptcy law governing expenses and claims to increase to $20,000: (1) allowed unsecured claims in the fourth order of priority (wages, salaries, or commissions), and (2) the factor multiplied by the number of employees covered with respect to employee benefit plan contributions in the fifth order of priority. Includes within the scope of a claim in bankruptcy certain equity securities held in a defined contribution plan for the benefit of certain individuals,
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Sponsored by: Sen. Sheldon Whitehouse
Read Twice And Referred To The Committee On The Judiciary. (text Of Measure As Introduced: Cr S2573-2577) on 04/30/2015
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PATENT Act Protecting American Talent and Entrepreneurship Act of 2015 [S.1137]
[Small Business ]
[Technology and Innovation ]
[Science ]
[Economic Development ]
PATENT Act Protecting American Talent and Entrepreneurship Act of 2015 (Sec. 3) Amends federal patent law to add requirements for court pleadings in patent infringement actions. Requires the Supreme Court to eliminate the current model patent infringement complaint form from the Federal Rules of Civil Procedure. Directs parties alleging infringement to include in their court pleadings specified details concerning: each claim of each patent allegedly infringed; each process, machine, manufacture, or composition of matter ("accused instrumentalities")
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Sponsored by: Sen. Chuck Grassley
Committee On Small Business And Entrepreneurship. Hearings Held. on 02/25/2016
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Terminating the Expansion of Too-Big-To-Fail Act of 2015 [S.107]
[Finance ]
[Budget and Spending ]
[Consumer Protection ]
Terminating the Expansion of Too-Big-To-Fail Act of 2015 Amends the Financial Stability Act of 2010, title I of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank), the Federal Deposit Insurance Act, and the Federal Reserve Act to eliminate all supervision by the Board of Governors of the Federal Reserve System (Board) of domestic and foreign nonbank financial companies, including new or heightened standards and safeguards and minimum leverage capital requirements. Eliminates the duty of the Financial Stability Oversight Council
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Sponsored by: Sen. David Vitter
Read Twice And Referred To The Committee On Banking, Housing, And Urban Affairs. on 01/07/2015
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Preventing Termination of Utility Services in Bankruptcy Act of 2015 [HB-98]
[Consumer Protection ]
[Energy ]
Preventing Termination of Utility Services in Bankruptcy Act of 2015 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 02/02/2015
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Protecting Employees and Retirees in Business Bankruptcies Act of 2015 [HB-97]
[Labor, Jobs, Employment ]
[Pensions ]
[Retirement ]
[Insurance ]
[Healthcare ]
[Workers' Compensation ]
[Law Enforcement ]
[Budget and Spending ]
Protecting Employees and Retirees in Business Bankruptcies Act of 2015 Amends federal bankruptcy law governing expenses and claims to increase to $20,000: (1) allowed unsecured claims in the fourth order of priority (wages, salaries, or commissions); and (2) the factor multiplied by the number of employees covered with respect to employee benefit plan contributions in the fifth order of priority. Includes within the scope of a claim in bankruptcy certain equity securities held in a defined contribution plan for the benefit of certain individuals,
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Sponsored by: Rep. Barbara Lee
Referred To The Subcommittee On Regulatory Reform, Commercial And Antitrust Law. on 01/12/2015
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Protecting Employees and Retirees in Municipal Bankruptcies Act of 2015 [HB-95]
[Labor, Jobs, Employment ]
[Retirement ]
[Pensions ]
[Budget and Spending ]
Protecting Employees and Retirees in Municipal Bankruptcies Act of 2015 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 01/22/2015
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Innovation Act [HB-9]
[Small Business ]
[Technology and Innovation ]
[Cybersecurity ]
[Artificial Intelligence ]
[Science ]
[Law Enforcement ]
[Manufacturing ]
Innovation Act (Sec. 3) Directs a party alleging patent infringement in a civil action to include in the court pleadings, unless the information is not accessible after a reasonable inquiry, specified details concerning: all claims necessary to produce the identification of each process, machine, manufacture, or composition of matter ("accused instrumentalities") alleged to infringe any claim of each patent allegedly infringed; the name, model number, or description of each accused instrumentality; where each element of each claim is found within,
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Sponsored by: Rep. Hakeem S. Jeffries
Committee On Small Business And Entrepreneurship. Hearings Held. on 02/25/2016
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Puerto Rico Chapter 9 Uniformity Act of 2015 [HB-870]
[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: Rep. Sean Patrick Maloney
Referred To The Subcommittee On Regulatory Reform, Commercial And Antitrust Law. on 03/16/2015
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Financial CHOICE Act of 2016 [HB-5983]
[Finance ]
[Consumer Protection ]
[Insurance ]
[Investments ]
Financial CHOICE Act of 2016 This bill amends the Dodd-Frank Wall Street Reform and Consumer Protection Act, among other Acts, to: repeal the "Volcker Rule" (which restricts banks from making certain speculative investments); with respect to winding down failing banks, eliminate the Federal Deposit Insurance Corporation's orderly liquidation authority and establish new provisions regarding financial institution bankruptcy; and repeal the "Durbin Amendment" (which limits the fees that may be charged to retailers for debit card processing). Certain
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Sponsored by: Rep. Jeb Hensarling
Reported (amended) By The Committee On Financial Services. H. Rept. 114-883, Part I. on 12/20/2016
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To amend the Securities Investor Protection Act of 1970 to confirm that a customer's net equity claim is based on the customer's last statement and that certain recoveries are prohibited, to provide the Securities and Exchange Commission with oversight of the Securities Investor Protection Corporation, and for other purposes. [HB-5852]
[Finance ]
[Consumer Protection ]
[Investments ]
To amend the Securities Investor Protection Act of 1970 to confirm that a customer's net equity claim is based on the customer's last statement and that certain recoveries are prohibited, to provide the Securities and Exchange Commission with oversight of the Securities Investor Protection Corporation, and for other purposes.
Sponsored by: Rep. Garret Graves
Introduced In House on 07/14/2016
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Brownfields Authorization Increase Act of 2016 [HB-5782]
[Environmental ]
[Economic Development ]
[Funding ]
[Grants ]
[Real Estate ]
[Waste Management / Recycling ]
Brownfields Authorization Increase Act of 2016
Sponsored by: Rep. Frank Pallone
Referred To The Subcommittee On Water Resources And Environment. on 07/15/2016
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Pay Back the Taxpayers Act of 2015 [HB-574]
[Housing ]
[Finance ]
[Budget and Spending ]
[Taxes ]
Pay Back the Taxpayers Act of 2015 Prohibits the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (government sponsored enterprises or GSEs), after enactment of this Act and during the term of any conservatorship or receivership, from making any contribution or transfer to, or allocating or setting aside any amounts for, the Housing Trust Fund or the Capital Magnet Fund. Requires any amounts set aside by a GSE, before enactment of this Act, for either Trust Fund but not yet allocated
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Sponsored by: Rep. Roger Williams
Introduced In House on 01/27/2015
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Enhancing United States Trustee Oversight Act of 2016 [HB-5618]
[Finance ]
[Law Enforcement ]
Enhancing United States Trustee Oversight Act of 2016 This bill authorizes U.S. trustees (who are appointed by the Attorney General to oversee certain bankruptcy cases and private trustees) to perform investigations, and to contract with auditors to perform audits, of trusts established as part of a reorganization plan confirmed under chapter 11 of the federal bankruptcy code, including a trust with respect to which an injunction is issued to carry out a discharge and enjoin entities from taking legal action to collect payment on a claim or demand
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Sponsored by: Rep. David Trott
Referred To The Subcommittee On Regulatory Reform, Commercial And Antitrust Law. on 07/20/2016