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To temporarily reenact chapter 12 of title 11 of the United States Code.
To temporarily reenact chapter 12 of title 11 of the United States Code.
Summary
This bill temporarily reenacts Chapter 12 of the bankruptcy code, which provides bankruptcy protection for family farmers and fishermen. The reenactment is effective from October 1, 1998 through April 1, 1999, restoring provisions that had expired. Chapter 12 allows family farmers and fishermen to reorganize their debts and continue operations under a court-supervised plan rather than liquidating their assets.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Rep. Smith, Nick [R-MI-7] (R-MI)
Actions (10)
- Oct 20, 1998 Received in the Senate. · senate
- Oct 15, 1998 Motion to reconsider laid on the table Agreed to without objection. · house
- Oct 15, 1998 On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. · house
- Oct 15, 1998 Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.
- Oct 15, 1998 DEBATE - The House proceeded with forty minutes of debate. · house
- Oct 15, 1998 Considered under suspension of the rules. (consideration: CR H10950-10951) · house
- Oct 15, 1998 Mr. Gekas moved to suspend the rules and pass the bill, as amended. · house
- Oct 14, 1998 Referred to the Subcommittee on Commercial and Administrative Law. · house
- Oct 14, 1998 Referred to the House Committee on the Judiciary. · house
- Oct 14, 1998 Introduced in House
Similar bills (6)
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Full text
IN THE HOUSE OF REPRESENTATIVES
October 14, 1998
Mr. Smith of Michigan introduced the following bill; which was referred to the Committee on the Judiciary
A BILL
To temporarily reenact chapter 12 of title 11 of the United States Code.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. TEMPORARY REENACTMENT OF BANKRUPTCY PROVISIONS RELATING TO FAMILY FARMERS.
Chapter 12 of title 11 of the United States Code, as in effect on September 30, 1998, is hereby reenacted for the period beginning on October 1, 1998, and ending on April 1, 1999.
SEC. 2. EFFECTIVE DATE.
This Act shall take effect on October 1, 1998. <all>
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