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H.R. 2415: Bankruptcy Reform in the Closing Days of the 106th Congress 1 (January 12, 2001)

handle is hein.bank/crsbank0033 and id is 1 raw text is: Order Code RS20706 Updated January 12, 2001 H.R. 2415: Bankruptcy Reform in the Closing Days of the 106th Congress Robin Jeweler Legislative Attorney American Law Division Summary .A final effort to enact befrmo.ankruptcy reform legislation took place as the 106 Conwgress cae to a close. Oin Oct. 12, 2000. the Hose passed a conference report whsic embodied the Jegislation negotiated between House and Seate Republicant leadership. It ws passed bay the Seiate As well on 9ece9. er 7, 2000 by a vote of 70 to 2 8. The legislation retained the essential elemints of conser reformi tat previotusly asse bothi cambers, i.e., a comlicated means test to excle sme dlebtlS frmct chapter 7 and stricter perforiance requirements for chapter 13 debtors. Aong the m1ore controv ersial provisionis, the Senate-paissed prov isioin making liability for v iolence ag-ainist abortion facilities nondlischiargeable w~as oitted. Wit repc to the hoeIa prov isioni, a miodified v ersion of the Houise applroachi was adopited. Tis mieans thlat hlomlestead exemiptionis w\ould contWiue to vary- from11 state to stae, but dlebtor-s w\ould be dIiscouraged fromi making prie-bankruLptcy doiciliaryN hiomesteadl adjustm1en1ts. Becautse the bill retainedl featurfes thiat the Wh'ilte Houise ob-)jectedl to, Presidlent Clin1tonl pocket-vetoed it. The legistationi is likely to be taken uip again in the 1 07' Cong-ress. Background. As the 106' Congress headed towards adjournment sine die, a final push toward enactment of bankruptcy reform took place. Bankruptcy reform legislation, which passed both chambers in different versions of H.R. 83 3 earlier in the 106'9 Congress, was informally negotiated by House and Senate Republican leadership. The product of the negotiations was substituted as H.R. 2415, 106th Cong., 1St Sess. (1999), previously entitled the American Embassy Security Act of 1999. H.R. 2415 was described as a legislative shell. Its original substantive provisions dealing with State Department appropriations and embassy security were passed by both chambers, but ultimately enacted under an Omnibus Appropriations Act. Congressional Research Service ° The Library of Congress CRS Report for Congress Received through the CRS Web

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