[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 8366 Introduced in House (IH)]

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116th CONGRESS
  2d Session
                                H. R. 8366

 To amend title 11 of the United States Code to increase the amount of 
                   the allowable homestead exemption.


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                    IN THE HOUSE OF REPRESENTATIVES

                           September 24, 2020

   Ms. Dean introduced the following bill; which was referred to the 
                       Committee on the Judiciary

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                                 A BILL


 
 To amend title 11 of the United States Code to increase the amount of 
                   the allowable homestead exemption.

    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 ``Protecting Homeowners in Bankruptcy 
Act of 2020''.

SEC. 2. INCREASING THE HOMESTEAD EXEMPTION.

    Section 522 of title 11 of the United States Code, is amended--
            (1) in subsection (d)(1) by striking ``$15,000'' and 
        inserting ``$100,000''; and
            (2) by adding at the end the following:
    ``(r) Notwithstanding any other provision of applicable 
nonbankruptcy law, a debtor in any State may exempt from property of 
the estate the property described in subsection (d)(1) not to exceed 
the value in subsection (d)(1) if the exemption for such property 
permitted by applicable nonbankruptcy law is lower than that amount.''.

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 not apply to cases commenced under title of the United States 
Code before the effective date of this Act.
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