Legislation Committee


Post date: Thursday, November 05, 2015
Photo of Mark G. Douglas
Mark G. Douglas

Europe has struggled during the last several years to triage a long series of critical blows to the economies of the 28 countries that comprise the European Union, as well as the collective viability of the 19 eurozone economies. Here we provide a snapshot of some recent changes implemented

Post date: Thursday, May 28, 2015

At the 33rd Annual Spring Meeting in Washington, D.C., ABI presented Professor Michelle M. Harner of the University of Maryland Francis King Carey School of Law with its highest membership award, the ABI Annual Service Award. As the official Reporter for the ABI Commission to Study the Reform of Chapter 11, Prof. Harner supported the Commission in all aspects of its vast effort to study current practice under chapter 11 and make recommendations for legislative reform.

Post date: Wednesday, March 04, 2015
Photo of Christopher J. Giaimo
Christopher J. Giaimo

While there are several important differences between the pending proposals to revise the system to resolve failing large financial institutions, they all have at least one thing in common: the belief that chapter 11 isn’t up to the task.

Post date: Monday, November 24, 2014

Editor's Note: The House Judiciary Committee passed H.R.5421 - Financial Institution Bankruptcy Act of 2014 - on December 1, 2014.

On Sept. 10, 2014, the House Judiciary Committee approved H.R. 5421, the Financial Institution Bankruptcy Act of 2014, by a voice vote.[1] The Act is the product of the Judiciary Committee’s long-standing oversight of the U.S.’s bankruptcy laws, as well as its recent examination into improving such laws for the resolution of bankruptcies of financial institutions.[2]

Post date: Monday, November 24, 2014

In the wake of the Great Recession,[1] many municipalities faced a widening gap between increased retiree benefit costs and decreased projected revenues.[2] Those cities also confronted “dwindling population[s] ...

Post date: Wednesday, August 13, 2014

On July 31, 2014, Puerto Rico’s nonvoting congressional delegate Pedro Pierluisi introduced legislation (H.R. 5305)[1] that would empower Puerto Rico to authorize certain government-owned corporations to restructure their debt obligations under chapter 9 of the U.S. Bankruptcy Code. According to press reports, the U.S.

Post date: Thursday, May 22, 2014

Editor’s Note: On May 30, ABI hosted the Student Debt Symposium at Georgetown University Law Center in Washington. The day-long interdisciplinary conference brought together educators, policymakers and practitioners for a series of panels about the causes and consequences of the $1.2 trillion student debt bubble.

Post date: Thursday, May 22, 2014

Editor’s Note: For more information about the proposed Chapter 14 plan, register for ABI’s July 15th webinar titled “Proposed Chapter 14 and the Future of Large Financial Institution Resolution.” This webinar is being hosted by the Legislation Committee: http://goo.gl/bjid0z.

Post date: Thursday, April 17, 2014

Earlier this year, Rep. John Conyers (D-Mich.) and 12 House Democrats proposed revisions to the Bankruptcy Code that would restrict executive compensation in business bankruptcies while purporting to preserve jobs and protect retirement benefits. The congressional sponsors of H.R.

Post date: Thursday, April 17, 2014

Sen. Elizabeth Warren (D-Mass.), among others, has introduced “The 21st Century Glass-Steagall Act,” which primarily seeks to restore the bank regulatory barriers that existed before 1999, when the original Glass-Steagall Act’s ban on commercial banks owning investment banks was repealed.[1] However, tacked onto the end of the bill is a provision that would repeal §§ 555, 559, 560, 561 and 562 of the Bankruptcy Code.[2]


Mr. Joseph Pack
Pack Law, P.A.
Miami, FL
(305) 916-8700

Mr. Donald L. Swanson
Koley Jessen
Omaha, NE
(402) 343-3726

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