summary
Introduced
03/27/2019
03/27/2019
In Committee
03/27/2019
03/27/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
116th Congress
Bill Summary
A bill to amend title 11, United States Code, with respect to the definition of "family farmer". This bill increases the aggregate debt limit for a family farmer who files for bankruptcy under chapter 12 (family farmer or family fisherman reorganization).
AI Summary
This bill amends the definition of a "family farmer" in the United States Bankruptcy Code. Specifically, it increases the aggregate debt limit for a family farmer who files for bankruptcy under Chapter 12 (family farmer or family fisherman reorganization) from $3,237,000 to $10,000,000. This change is intended to provide relief to a greater number of family farmers who are facing financial difficulties and seeking reorganization under the bankruptcy laws.
Committee Categories
Justice
Sponsors (14)
Chuck Grassley (R)*,
Mike Braun (R),
Chris Coons (D),
Joni Ernst (R),
Deb Fischer (R),
Josh Hawley (R),
John Hoeven (R),
Ron Johnson (R),
Doug Jones (D),
Amy Klobuchar (D),
Patrick Leahy (D),
Tina Smith (D),
John Thune (R),
Thom Tillis (R),
Last Action
Read twice and referred to the Committee on the Judiciary. (on 03/27/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/116th-congress/senate-bill/897/all-info |
| BillText | https://www.congress.gov/116/bills/s897/BILLS-116s897is.pdf |
| Bill | https://www.congress.gov/116/bills/s897/BILLS-116s897is.pdf.pdf |
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