House Bill 4421
116th Congress(2019-2020)
Bankruptcy Venue Reform Act of 2019
Introduced
Introduced in House on Sep 19, 2019
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
4421
Congress
116
Policy Area
Law
Law
Primary focus of measure is matters affecting civil actions and administrative remedies, courts and judicial administration, general constitutional issues, dispute resolution, including mediation and arbitration. Measures concerning specific constitutional amendments may fall under the policy area relevant to the subject matter of the amendment (e.g., Education). Measures concerning criminal procedure and law enforcement may fall under Crime and Law Enforcement policy area.
No House votes have been held for this bill.
Summary
Bankruptcy Venue Reform Act of 2019
This bill limits where a non-individual debtor (e.g., a corporate debtor) may file for chapter 11 bankruptcy. Specifically, these debtors must file in the district court for the district in which the principal place of business or principal assets of the debtor are located. Under current law, these debtors may also file where they are domiciled (i.e., incorporated) or where there is a chapter 11 case pending concerning an affiliate, general partner, or partnership.
For certain debtors who 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.
September 19, 2019
10/28/2019
Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.
09/19/2019
Referred to the House Committee on the Judiciary.
09/19/2019
Introduced in House
Public Record
Record Updated
Nov 1, 2022 1:49:56 PM