H.R.2096: SACKLER Act

About This Bill

  • Introduced March 19, 2021
  • Latest Major Action Oct. 19, 2021

Bill Cosponsors

63 (All Democrats)

Bill Version

Bill Summary

Stop shielding Assets from Corporate Known Liability by Eliminating non-debtor Releases Act or the SACKLER Act This bill prohibits a bankruptcy court from releasing claims against non-debtors brought by states, tribes, municipalities, or the federal government. However, the bankruptcy court may issue a stay not exceeding 90 days regarding such a claim. Complex bankruptcies may involve creditor claims against non-debtors associated with the...

(Source: Library of Congress)

Bill Actions

Date Description
Oct. 19, 2021
Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.
March 19, 2021
Referred to the House Committee on the Judiciary.
March 19, 2021

Introduced in the House by Carolyn B. Maloney (D-N.Y.)

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