[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[S. 2831 Introduced in Senate (IS)]

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118th CONGRESS
  1st Session
                                S. 2831

      To prohibit the non-consensual release of claims by States, 
   municipalities, federally recognized Tribes, or the United States 
              against non-debtors, and for other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                           September 18, 2023

Mr. Blumenthal (for himself, Ms. Warren, and Mr. Welch) introduced the 
 following bill; which was read twice and referred to the Committee on 
                             the Judiciary

_______________________________________________________________________

                                 A BILL


 
      To prohibit the non-consensual release of claims by States, 
   municipalities, federally recognized Tribes, or the United States 
              against non-debtors, and for other purposes.

    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 ``Stop shielding Assets from Corporate 
Known Liability by Eliminating non-debtor Releases Act'' or the 
``SACKLER Act''.

SEC. 2. NON-DEBTOR RELEASES.

    (a) Prohibition on Certain Non-Debtor Releases.--Section 105(b) of 
title 11, United States Code, is amended by striking ``a court may 
not'' and all that follows, and inserting the following: ``a court may 
not--
            ``(1) appoint a receiver in a case under this title; or
            ``(2) except as provided by section 524(g) of this title, 
        enjoin or release a claim against a non-debtor by a State, 
        municipality, federally recognized Tribe, or the United 
        States.''.
    (b) Temporary Stay on Actions Against Non-Debtors.--Section 105 of 
title 11, United States Code, is amended by adding at the end the 
following:
    ``(e) Notwithstanding subsection (b)(2), a court may issue an order 
staying, for a period not to exceed 90 days, the commencement or 
continuation, including the issuance or employment of process, of a 
judicial, administrative, or other action or proceeding by a State, 
municipality, federally recognized Tribe, or the United States against 
a non-debtor that was or could have been commenced before the 
commencement of the case under this title, or to recover a claim 
against a non-debtor that arose before the commencement of the case 
under this title.''.
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