HR 2642 · 102th Congress · Finance and Financial Sector

To amend section 547 of title 11, United States Code, to provide that certain withdrawal transactions made by depositors from certain financial institutions not be avoided as preferential transfers.

Introduced 1991-06-13· Sponsored by Rep. Duncan, John J., Jr. [R-TN-2]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Judiciary.(1991-06-13)

Plain Language Summary

[AI summary unavailable — showing source text] Amends Federal bankruptcy law to declare that a trustee in bankruptcy shall not avoid as preferential transfers any withdrawals by depositors from an uninsured depository institution during the 90 days before such institution files for bankruptcy protection.…

Summarized by Claude AI · Non-partisan · For informational purposes only