A bill to amend title 11, United States Code, to provide for family fishermen, and to make chapter 12 of title 11, United States Code, permanent.
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Mar 23, 1999)
Amends the Omnibus Consolidated and Emergency Supplemental Appropriations Act, 1999 to reenact permanently chapter 12 of the Federal Bankruptcy Code (Adjustments of Debts of a Family Farmer).
Amends Federal bankruptcy provisions to include family fishermen as authorized debtors.
Requires a guarantor of a claim of a creditor to be treated in the same manner as a creditor with respect to the operation of a stay under such provisions. Treats, with respect to the ownership or operation of a commercial fishing operation, a co-maker of a loan made by a creditor in the same manner as a creditor with respect to such a stay.
Includes a commercial fishing operation under provisions concerning debtor rights and powers.
Treats a claim for a lien for a commercial fishing vessel of a family fisherman as an unsecured claim. States that such treatment shall not apply to: (1) a claim made by a crewmember or seaman for wages or personal injury; or (2) a preferred ship mortgage that has been perfected under provisions of the Uniform Commercial Code.
What just happenedMar 23, 1999
Read twice and referred to the Committee on Judiciary.
Who’s behind it
- Mar 23, 1999IntroReferral
Read twice and referred to the Committee on Judiciary.
Judiciary Committee - Mar 23, 1999IntroReferralB00100
Sponsor introductory remarks on measure. (CR S3134-3135)
- Mar 23, 1999IntroReferral10000
Introduced in Senate
- Mar 20, 1999IntroReferralB00100
Sponsor introductory remarks on measure. (CR S3891-3892)