3.0.0 1017 2024-07-24T15:23:41Z 2024-07-24T15:23:41Z House H HR 2023-02-14 118 [Congressional Record Volume 169, Number 30 (Tuesday, February 14, 2023)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. LOFGREN:H.R. 1017.Congress has the power to enact this legislation pursuantto the following:Clause 3 and clause 9 of section 8 of article 1 of theConstitutionThe single subject of this legislation is:Bankruptcy Venue Reform[Page H841]]]> hsju00 Judiciary Committee House Standing Referred to 2023-02-14T15:00:45Z 2023-02-14 Referred to the House Committee on the Judiciary. IntroReferral H11100 2 House floor actions hsju00 Judiciary Committee 2023-02-14 Introduced in House IntroReferral Intro-H 9 Library of Congress 2023-02-14 Introduced in House IntroReferral 1000 9 Library of Congress L000397 Rep. Lofgren, Zoe [D-CA-18] ZOE LOFGREN D CA 18 N B001297 Rep. Buck, Ken [R-CO-4] Ken Buck R CO 4 2023-02-14 True S001211 Rep. Stanton, Greg [D-AZ-4] Greg Stanton D AZ 4 2023-03-30 False H001068 Rep. Huffman, Jared [D-CA-2] Jared Huffman D CA 2 2023-03-30 False N000191 Rep. Neguse, Joe [D-CO-2] Joe Neguse D CO 2 2023-03-30 False M000312 Rep. McGovern, James P. [D-MA-2] JAMES MCGOVERN D MA P. 2 2023-03-30 False C001066 Rep. Castor, Kathy [D-FL-14] Kathy Castor D FL 14 2023-03-30 False E000215 Rep. Eshoo, Anna G. [D-CA-16] ANNA ESHOO D CA G. 16 2023-03-30 False S000250 Rep. Sessions, Pete [R-TX-17] PETE SESSIONS R TX 17 2023-03-30 False L000582 Rep. Lieu, Ted [D-CA-36] Ted Lieu D CA 36 2023-04-13 False Finance and Financial Sector Finance and Financial Sector 2023-03-14T14:00:23Z 00 2023-02-14 Introduced in House 2023-04-14T21:02:36Z Bankruptcy Venue Reform Act

This bill limits where a non-individual debtor (e.g., a corporate debtor) may file for bankruptcy to prevent forum shopping.

Specifically, these debtors must file in the district court where their principal place of business or principal assets are located. Corporate debtors may also file in a district where there is a pending bankruptcy case concerning an affiliate that has a certain level of control over or ownership of the debtor (e.g., if the affiliate is a controlling shareholder of the debtor), if that pending case is in a proper venue under this bill. Under current law, these debtors may also file where they are domiciled (i.e., incorporated) or where there is a pending bankruptcy case concerning any affiliate, general partner, or partnership of the debtor.

For corporate debtors that are issuers of securities, their principal place of business is defined in the bill as the address of the entity's principal executive office as provided in specified Securities and Exchange Commission filings.

]]> Bankruptcy Venue Reform Act Display Title 45 Bankruptcy Venue Reform Act 2024-07-24T15:23:41Z Short Title(s) as Introduced 101 Bankruptcy Venue Reform Act 2024-05-24T13:42:18Z Introduced in House IH Official Title as Introduced 6 To amend title 28, United States Code, to modify venue requirements relating to bankruptcy proceedings. 2024-03-18T20:20:27Z Introduced in House IH Introduced in House 2023-02-14T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118hr1017ih/xml/BILLS-118hr1017ih.xml 2023-02-14 Referred to the House Committee on the Judiciary. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.