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Bill99th CongressFiled May 12, 1986Finance and Financial Sector
S. 2436

A bill to preserve the rights of the United States as a mortgagee under title XI of the Merchant Marine Act, 1936.

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary introduced in senate (May 12, 1986)

Amends Federal bankruptcy provisions to provide that the filing of a petition for bankruptcy shall operate as an automatic stay of the commencement or continuation of an action, by either the Secretary of Transportation or of Commerce, to foreclose a mortgage on a vessel under the Ship Mortgage Act, 1920.

What just happenedMay 12, 1986

Read twice and referred to the Committee on Commerce.

Who’s behind it

Sen. Stevens, Ted [R-AK](R-AK)Sponsor
Read on Congress.gov
1committees