HR 3150 · 105th Congress · Finance and Financial Sector

Consumer Bankruptcy Reform Act of 1998

Introduced 1998-02-03· Sponsored by Rep. Gekas, George W. [R-PA-17]· House

Bill Progress

1
Introduced
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Conference report considered in Senate. By motion. (consideration: CR S12148)(1998-10-09)

Recorded Votes

PassedSenate · 1998-10-09
Roll #313
Yea 94Nay 2
PassedHouse · 1998-10-09
Roll #506
Yea 300Nay 125
Democrats
76 Yea·123 Nay
Republicans
224 Yea·1 Nay
PassedHouse · 1998-10-09
Roll #506
Yea 300Nay 125
Democrats
76 Yea·123 Nay
Republicans
224 Yea·1 Nay
FailedHouse · 1998-10-09
Roll #505
Yea 157Nay 266
Democrats
153 Yea·47 Nay
Republicans
3 Yea·219 Nay

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Plain Language Summary

[AI summary unavailable — showing source text] TABLE OF CONTENTS: Title I: Consumer Bankruptcy Provisions Subtitle A: Needs-Based Bankruptcy Subtitle B: Adequate Protections for Consumers Subtitle C: Adequate Protections for Secured Lenders Subtitle D: Adequate Protections for Unsecured Lenders Subtitle E: Adequate Protections for Lessors Subtitle F: Bankruptcy Relief Less Frequently Available for Repeat Filers Subtitle G: Exemptions Title II: Business Bankruptcy Provisions Subtitle A: General Provisions Subtitle B: Specific Provisions Title III: Municipal Bankruptcy Provisions Title IV: Bankruptcy Administration Subtitle A: General Provisions Subtitle B: Data Provisions Title V: Tax Provisions Title VI: Miscellaneous Bankruptcy Reform Act of 1998 - Title I: Consumer Bankruptcy Provisions - Subtitle A: Needs-Based Bankruptcy - Amends Federal bankruptcy law to prescribe guidelines for a needs-based bankruptcy system which precludes individuals from filing for complete relief in bankruptcy under chapter 7 (Liquidation), if certain current monthly income is available to pay creditors. (Sec. 101) Sets forth formulae for income levels determinative of debtor eligibility for bankruptcy relief. Treats as having income available to pay…

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

CBO Cost Estimate

Congressional Budget Office

H.R. 3150, Bankruptcy Reform Act of 1998

Jun 5, 1998

Cost estimate for the bill as ordered reported by the House Committee on the Judiciary on May 20, 1998

Full CBO report ↗

H.R. 3150, Bankruptcy Reform Act of 1998

Jun 10, 1998

Private-sector mandates statement for the bill as ordered reported by the House Committee on the Judiciary on May 18, 1998

Full CBO report ↗

Official non-partisan budget analysis by the Congressional Budget Office

Cosponsors (20)

6 Democrats14 Republicans