Current Legislation

House - Introduced Bills

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Employee Retirement Preservation Act - Amends federal bankruptcy law to redefine 'claim' to include a right or interest in equity securities of the debtor (or its affiliate) held in a pension plan for the benefit of an individual who is not an officer or director of the debtor.

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“Innocent Supplier Fairness Act' Amends federal bankruptcy law to detail the elements of a special relationship that the trustee in bankruptcy must prove in order to rebut the presumption that the creditor or party in interest against whom recovery or avoidance is sought has carried the burden of proving the nonavoidability of a transfer.

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Hurricane Katrina Recovery, Reclamation, Restoration, Reconstruction and Reunion Act of 2005 Amends the federal bankruptcy code to exempt victims of natural disasters, including small businesses, from certain requirements for debtors seeking relief.

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To amend the Employee Retirement Income Security Act of 1974 and title 11, United State Code, to provide necessary reforms for employee pension benefit plans.

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provide disasterrelief and incentives for economic recovery for Louisiana residents and businesses affected by Hurricane Katrina.

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To allow United States courts to conduct business during emergency conditions, and for other purposes.

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To delay for 2 years the general effective date of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 in wake of Hurricane Katrina.

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Authorizes federal judges to carry firearms, whether concealed or not, subject to certain restrictions imposed by state law.

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To amend the Internal Revenue Code of 1986 to provide that net operating losses shall not be reduced in connection with a discharge of indebtedness in certain chapter 11 bankruptcy cases involving asbestos-related claims.

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To impose a 6-month moratorium on terminations of certain plans instituted under section 4042 of the Employee Retirement Income Security Act of 1974 in cases in which reorganization of contributing sponsors is sought in bankruptcy or insolvency proceedings.

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To reform Federal budget procedures, to impose spending safeguards, to combat waste, fraud, and abuse, to account for accurate Government agency costs, and for other purposes.

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To amend title I of the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code of 1986 to limit the availability of benefits under an employer's nonqualified deferred compensation plans in the event that any of the employer's defined pension plans are subjected to a distress or PBGC termination in connection with bankruptcy reorganization or a conversion to a cash balance plan, to provide appropriate funding restrictions in connection with the maintenance of nonqualified deferred compensation plans, and to provide for appropriate disclosure with respect to nonqualified deferred compensation plans.

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To amend chapter 7 of title 11 of the United States Code, to exclude medically distress debtors from the application of the means test, to amend the Truth in Lending Act to require certain disclosures in connection with credit card applications and solicitations, and for other purposes.

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To protect home buyers from predatory lending practices.

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To provide for the fair and efficient judicial consideration of personal injury and wrongful death claims arising out of asbestos or silica exposure, to ensure that individuals who suffer impairment, now or in the future, from illnesses caused by exposure to asbestos or silica receive compensation for their injuries, and for other purposes.

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To amend the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 to exempt from the means test in bankruptcy cases, for a limited period, qualifying reserve-component members who, after September 11, 2001, are called to active duty or to perform a homeland defense activity for not less than 60 days.

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To amend title 18, United States Code, to protect judges, prosecutors, witnesses, victims, and their family members, and for other purposes.

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To amend title 11 of the United States Code to protecting the labor rights of current and former employees of coal industry employers that are debtors under such title.

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To create a fair and efficient system to resolve claims of victims for bodily injury caused by asbestos exposure, and for other purposes.

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To amend title 11, United States Code, to establish a priority for the payment of claims for duties paid to the United States by licensed customs brokers and sureties on behalf of a debtor.

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To amend title 11 of the United States Code to limit the exemption for asset protection trusts.

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To express the sense of the Congress with respect to the price and terms of credit used to pay large medical bills, to amend the Truth in Lending Act with respect to credit card issuers obligations for credit extended to pay medical expenses under certain circumstances, and for other purposes.

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The Federal Judgeship and Administrative Efficiency Act of 2005, would increase the number of authorized bankruptcy judgeships.

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A bill to amend title 11 of the United States Code, and for other purposes.

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To amend title 28, United States Code, to provide an additional bankruptcy judge for the eastern district of California, and for other purposes.

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Bankruptcy Abuse Prevention and Consumer Protection Act of 2005
A bill to amend title 11 of the United States Code, and for other purposes.

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The Lawsuit Abuse Reduction Act of 2005, was amended to make it clear that the bill does not affect personal injury claims that Federal bankruptcy law requires be heard in a Federal bankruptcy court.

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To amend title I of the Employee Retirement Income Security Act of 1974 to improve access and choice for entrepreneurs with small businesses with respect to medical care for their employees.

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To amend and extend the Higher Education Act of 1965.

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To clarify that certain coal industry health benefits may not be modified or terminated.

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To establish the District Court of the Virgin Islands as a court under article III of the United States Constitution.

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To require air carriers to honor tickets for bankrupt air service.

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To promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the States.

Senate - Introduced Bills

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A bill to provide student borrowers with basic rights, including the right to timely information about their loans and the right to make fair and reasonable loan payments, and for other purposes.

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Provide disaster relief and incentives for economic recovery for Louisiana residents and businesses affected by Hurricane Katrina.

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Provide disaster relief and iincentives for economic recovery for Louisana residents and businesses affected by Hurricane Katrina.

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A bill to amend title 11, United States Code, to provide relief to victims of Hurricane Katrina and other natural disasters.

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Katrina Emergency Relief Act of 2005

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Federal Judiciary Emergency Special Sessions Act of 2005

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A bill to impose a 6-month moratorium on terminations of certain plans instituted under section 4042 of the Employee Retirement Income Security Act of 1974 in cases in which reorganization of contributing sponsors is sought in bankruptcy or insolvency proceedings.

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A bill to amend title I of the Employee Retirement Income Security Act of 1974 to limit the availability of benefits under an employer's nonqualified deferred compensation plans in the event that any of the employer's defined benefit pension plans are subjected to a distress or PBGC termination in connection with bankruptcy reorganization or a conversion to a cash balance plan, to provide appropriate funding restrictions in connection with the maintenance of nonqualified deferred compensation plans, and to provide for appropriate disclosure with respect to nonqualified deferred compensation plans.

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A bill to amend part A of title IV of the Social Security Act to require a State to promote financial education under the Temporary Assistance for Needy Families (TANF) Program and to allow financial education to count as a work activity under that program.

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The Fairness and Accountability in Reorganization Act of 2005, requires the bankruptcy court to approve for companies undergoing reorganization Executive Bonus packages. It also requires courts to consider foreign assets in modifying collective bargaining agreements and retiree health benefits.

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A bill to create a fair and efficient system to resolve claims of victims for bodily injury caused by asbestos exposure, and for other purposes.

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A bill to create a fair and efficient system to resolve claims of victims for bodily injury caused by asbestos exposure, and for other purposes.

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A bill to amend section 1114 of title 11, United States Code, to preserve the health benefits of certain retired miners.

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A bill to amend the Consumer Credit Protection Act to ban abusive credit practices, enhance consumer disclosures, protect underage consumers, and for other purposes.

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Fairness in Bankruptcy Litigation Act
A bill to protect consumers, creditors, workers, pensioners, shareholders, and small businesses, by reforming the rules governing venue in bankruptcy cases to combat forum shopping by corporate debtors.

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A bill to amend the Higher Education Act of 1965 to enhance literacy in finance and economics, and for other purposes.

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A bill to amend title 11, United States Code, to increase the amount of unsecured claims for salaries and wages given priority in bankruptcy, to provide for cash payments to retirees to compensate for lost health insurance benefits resulting from the bankruptcy of their former employer, and for other purposes.

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Bankruptcy Fairness Act
A bill to amend title 11, United States Code, to increase the amount of unsecured claims for salaries and wages given priority in bankruptcy, to provide for cash payments to retirees to compensate for lost health insurance benefits resulting from the bankruptcy of their former employer, and for other purposes.

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A bill to protect consumers, creditors, workers, pensioners, shareholders, and small businesses, by reforming the rules governing venue in bankruptcy cases to combat forum shopping by corporate debtors.

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A bill to amend title 11 of the United States Code, and for other purposes.

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A bill to amend chapter 99 of the Internal Revenue code of 1986 to clarify that certain coal industry health benefits may not be modified or terminated.

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A bill to promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the States.

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A bill to provide fair wages for America’\;s workers, to create new jobs through investment in America, to provide for fair trade and competitiveness, and for other purposes.

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