HR 3150 · 105th Congress · Finance and Financial Sector
Consumer Bankruptcy Reform Act of 1998
Bill Progress
1
Introduced✓
Committee3
House Vote4
Senate5
EnactedLatest: Conference report considered in Senate. By motion. (consideration: CR S12148)(1998-10-09)
Recorded Votes
PassedSenate · 1998-10-09
Roll #313 ↗Yea 94Nay 2
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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 OfficeH.R. 3150, Bankruptcy Reform Act of 1998
Jun 5, 1998Cost 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, 1998Private-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