HR 2058 · 103th Congress · Finance and Financial Sector

To amend title 11 of the United States Code with respect to the distribution of securities under a plan under chapter 11 of such title.

Introduced 1993-05-11· Sponsored by Rep. Berman, Howard L. [D-CA-26]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Economic and Commercial Law.(1993-05-13)

Plain Language Summary

[AI summary unavailable — showing source text] Amends Federal bankruptcy law to provide that if a bankruptcy reorganization plan requires the distribution of a security with respect to an allowed claim, then its fair market value shall be conclusively presumed to be equal to the amount of that claim.…

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