[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2533 Introduced in House (IH)]

112th CONGRESS
  1st Session
                                H. R. 2533

  To amend title 28 of the United States Code with respect to proper 
 venue for cases filed by corporations under chapter 11 of title 11 of 
                               such Code.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 14, 2011

Mr. Smith of Texas (for himself, Mr. Conyers, Mr. Coble, and Mr. Cohen) 
 introduced the following bill; which was referred to the Committee on 
                             the Judiciary

_______________________________________________________________________

                                 A BILL


 
  To amend title 28 of the United States Code with respect to proper 
 venue for cases filed by corporations under chapter 11 of title 11 of 
                               such Code.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Chapter 11 Bankruptcy Venue Reform 
Act of 2011''.

SEC. 2. AMENDMENTS.

    Section 1408 of title 28 of the United States Code is amended--
            (1) by inserting ``(a)'' before ``Except'',
            (2) by inserting ``and subsection (b) of this section'' 
        after ``this title'', and
            (3) by adding at the end the following:
    ``(b) A case under chapter 11 of title 11 in which the person that 
is the subject of the case is a corporation may be commenced only in 
the district court for the district--
            ``(1) in which the principal place of business in the 
        United States, or principal assets in the United States, of 
        such corporation have been located for 1 year immediately 
        preceding such commencement, or for a longer portion of such 1-
        year period than the principal place of business in the United 
        States, or principal assets in the United States, of such 
        corporation were located in any other district; or
            ``(2) in which there is pending a case under chapter 11 of 
        title 11 concerning an affiliate of such corporation, if the 
        affiliate in such pending case directly or indirectly owns, 
        controls, or holds with power to vote more than 50 percent of 
        the outstanding voting securities of such corporation.''.

SEC. 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 of the 
United States Code on or after the date of the enactment of this Act.
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