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S.1427: Family Farmer Bankruptcy Clarification Act of 2013

About this Bill

This bill was introduced in the 113th Congress
This bill is primarily about finance and financial sector
You can read the bill
Sponsor Charles E. Grassley, R-Iowa
Total Cosponsors 1 (All Democrats)
Introduced Aug. 1, 2013
Latest Major Action Sept. 10, 2013
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Bill Progress

  • Bill introduced in the Senate   
  • Bill passed in the Senate   
  • Bill passed in the House   
  • Bill signed into law

Bill Summary

Family Farmer Bankruptcy Clarification Act of 2013 - Amends chapter 12 of federal bankruptcy law (Debt Adjustment of a Family Farmer or Fisherman with Regular Annual Income) with respect to discharge of governmental claims based upon the disposition of property used in a farming operation.

Treats any unsecured claim of a governmental unit against the debtor or debtor's estate as an unsecured debt (hence, not entitled to priority payment), if it results from the sale, transfer, exchange, or other disposition of any property used in the debtor's farming operation and it arises either: (1) before the petition in bankruptcy is filed, or (2) after such filing but before the debtor's discharge.

Authorizes a governmental unit to file a proof for a claim that arises after the date on which the petition is filed.

Requires such debt to be discharged in accordance with specified discharge procedures.

States that, for purposes of applying procedures governing pla...

(Source: Congressional Research Service)

Bill Actions

Date Description
Sept. 10, 2013 Referred to the Committee on the Judiciary by unanimous consent.
Sept. 10, 2013 Senate Committee on Finance discharged by Unanimous Consent. (consideration: CR S6335)
Aug. 1, 2013 Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S6218)