II 111th CONGRESS 2d Session S. 3654 IN THE SENATE OF THE UNITED STATES July 27, 2010 Mr. Leahy (for himself, Mr. Feingold, and Mr. Webb) introduced the following bill; which was read twice and referred to the Committee on the Judiciary A BILL To amend title 11 of the United States Code to include firearms in the types of property allowable under the alternative provision for exempting property from the estate.

1.

Short title

This Act may be cited as the Protecting Gun Owners in Bankruptcy Act of 2010.

2.

Exemptions

Section 522 of title 11, the United States Code, is amended— (1)in subsection (d) by adding at the end the following: (13)The debtor’s aggregate interest, not to exceed $3,000 in value, in a single rifle, shotgun, or pistol, or any combination thereof. ; and (2)in subsection (f)(4)(A)— (A)in clause (xiv), by striking and at the end; (B)in clause (xv), by striking the period at the end and inserting ; and; and (C)by adding at the end the following: (xvi)the debtor’s aggregate interest, not to exceed $3,000 in value, in a single rifle, shotgun, or pistol, or any combination thereof. .

3.

Effective date; application of amendments

(a)

Effective date

Except as provided in subsection (b), this Act and the amendments made by this Act shall take effect on the date of the enactment of this Act. (b)

Application of amendments

The amendments made by this Act shall apply only with respect to cases commenced under title 11, United States Code, on or after the date of the enactment of this Act.