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![handle is hein.congrecreports/crptxhjc0001 and id is 1 raw text is: AUTHENTICATEO
U.S. GOVERNMENT
INFORMATION
Gp
108TH CONGRESS REPORT
1st Session HOUSE OF REPRESENTATIVES 108-110
INVOLUNTARY BANKRUPTCY IMPROVEMENT ACT OF 2003
MAY 19, 2003.-Committed to the Committee of the Whole House on the State of
the Union and ordered to be printed
Mr. SENSENBRENNER, from the Committee on the Judiciary,
submitted the following
REPORT
[To accompany H.R. 1529]
[Including cost estimate of the Congressional Budget Office]
The Committee on the Judiciary, to whom was referred the bill
(H.R. 1529) to amend title 11 of the United States Code with re-
spect to the dismissal of certain involuntary cases, having consid-
ered the same, reports favorably thereon without amendment and
recommends that the bill do pass.
CONTENTS
Page
Purpose and Sum m ary ............................................................................................ 1
Background and Need for the Legislation ............................................................. 2
H earings ................................................................................................................... 5
Com m ittee Consideration ........................................................................................ 5
V ote of the Com m ittee ............................................................................................ 5
Com m ittee Oversight Findings .............................................................................. 5
Perform ance Goals and Objectives ....................................................................... 5
New Budget Authority and Tax Expenditures ..................................................... 5
Congressional Budget Office Cost Estimate ......................................................... 5
Constitutional Authority Statem ent ..................................................................... 7
Section-by-Section Analysis and Discussion ......................................................... 7
Changes in Existing Law Made by the Bill, as Reported ..................................... 7
M arkup Transcript .................................................................................................. 8
PURPOSE AND SUMMARY
H.R. 1529, the Involuntary Bankruptcy Improvement Act of
2003, is intended to provide relief to victims of fraudulent involun-
tary bankruptcy filings in two respects. First, it amends the Bank-
ruptcy Code to require the bankruptcy court on motion of the debt-
or to expunge all records relating to a fraudulent involuntary bank-
ruptcy case from the court's files where the debtor is an individual.](ViewImageLocal?handle=hein.congrecreports/crptxhjc0001&div=1&collection=&method=preview&ext=.png&size=3)