HR 9575 · 95th Congress · Finance and Financial Sector
A bill to grant priority in payment from the estate of a bankrupt railroad to tax claims of local school districts, other units of local government, and States.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Interstate and Foreign Commerce.(1977-10-14)
Plain Language Summary
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States that, in any proceeding for the reorganization or liquidation of a railroad under specified provisions of the Bankruptcy Act, priority of payment of such estate shall be given to tax claims of local school districts, other units of local government, and States.…
Summarized by Claude AI · Non-partisan · For informational purposes only