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Bill > HR2261


US HR2261

US HR2261
Customs Business Fairness Act of 2019


summary

Introduced
04/10/2019
In Committee
05/20/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

To amend title 11 of the United States Code, to allow full subrogation, including subrogation to the priority rights of the United States, of claims for the payment of customs duties. This bill modifies the treatment of claims by customs brokers for unpaid customs duties in chapter 11 (reorganization) bankruptcy proceedings.

AI Summary

This bill, the Customs Business Fairness Act of 2019, amends the Bankruptcy Code (Title 11 of the United States Code) to allow full subrogation, including subrogation to the priority rights of the United States, of claims for the payment of customs duties. This means that customs brokers who have paid customs duties on behalf of their clients will have higher priority in getting reimbursed for those payments during bankruptcy proceedings. The bill specifies that this amendment will not apply to bankruptcy cases that were already commenced before the bill's enactment.

Committee Categories

Government Affairs, Justice

Sponsors (27)

Last Action

Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law. (on 05/20/2019)

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