HR 3572 · 99th Congress · Finance and Financial Sector

A bill to amend chapter 13 of title 11, United States Code.

Introduced 1985-10-16· Sponsored by Rep. Lent, Norman F. [R-NY-4]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to Subcommittee on Monopolies and Commercial Law.(1985-10-18)

Plain Language Summary

[AI summary unavailable — showing source text] Amends Federal bankruptcy provisions to extend partial immunity from an automatic stay or a court injunction of foreclosure, possession, or disposition proceedings to: (1) creditors with preferred ship mortgages or mortgages on certain fishery facilities; and (2) lessors or conditional vendors of vessels as defined in the Merchant Marine Marine Act of 1936. Requires full payment in cash of all sums owed, plus applicable interest, to cure a default on preferred mortgages, mortgages, security agreements, leases, or conditional sales contracts on certain vessels.…

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

Cosponsors (3)

2 Democrats1 Republican