Taxpayer Recovery Act of 1990
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (Jan 24, 1990)
Taxpayer Recovery Act of 1990 - Amends the Federal bankruptcy code to exempt from a bankruptcy discharge: (1) a criminal restitution order issued against a person who has caused loss to a financial institution; (2) an order for damages arising from fraud or reckless disregard for the law involving a financial institution; and (3) judgments obtained by the FDIC against officers and directors for breach of fiduciary duty.
Extends from 60 to 120 days the time during which an objection to a discharge in bankruptcy petition may be filed.
Restricts to $7,500 the amount of real estate or insurance assets which may be shielded under the homestead exemption to the bankruptcy code.
What just happenedFeb 6, 1990
Referred to Subcommittee on Courts and Administrative Practice.
Who’s behind it
- Feb 6, 1990Committee
Referred to Subcommittee on Courts and Administrative Practice.
Administrative Oversight and the Courts Subcommittee - Jan 24, 1990IntroReferral
Read twice and referred to the Committee on Judiciary.
Judiciary Committee - Jan 24, 1990IntroReferral10000
Introduced in Senate