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House Bill 242
117th Congress(2021-2022)
Protecting Homeowners in Bankruptcy Act of 2021
Introduced
Introduced
Introduced in House on Jan 11, 2021
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Introduced in House 
Jan 11, 2021
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Introduced in House(Jan 11, 2021)
Jan 11, 2021
No Linkage Found
About Linkage
Multiple bills can contain the same text. This could be an identical bill in the opposite chamber or a smaller bill with a section embedded in a larger bill.
Bill Sponsor regularly scans bill texts to find sections that are contained in other bill texts. When a matching section is found, the bills containing that section can be viewed by clicking "View Bills" within the bill text section.
Bill Sponsor is currently only finding exact word-for-word section matches. In a future release, partial matches will be included.
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H. R. 242 (Introduced-in-House)


117th CONGRESS
1st Session
H. R. 242


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

IN THE HOUSE OF REPRESENTATIVES

January 11, 2021

Ms. Dean (for herself and Mr. Nadler) introduced the following bill; which was referred to the Committee on the Judiciary

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 2021”.

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.