Bills
H.R.1667

H.R.1667: Financial Institution Bankruptcy Act of 2017

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About This Bill

Introduced March 22, 2017
Latest Major Action April 6, 2017
See the two similar bills introduced in other congresses.

Bill Sponsor

Tom Marino (R-Pa.)

Bill Cosponsors

4 (3 Democrats, 1 Republican)

Bill Versions

Referred in Senate - April 6, 2017
Engrossed in House - April 5, 2017
Reported in House - April 5, 2017
Introduced in House - March 22, 2017

Bill Summary

Financial Institution Bankruptcy Act of 2017 (Sec. 2) This bill amends federal bankruptcy law to allow certain large financial institutions to elect a new "Subchapter V" bankruptcy process specific to such institutions. (Sec. 3) Under the new process, a debtor institution may request the bankruptcy court to order the transfer of the debtor's assets to a newly formed bridge company. The trust agreement governing such an assets transfer must...

(Source: Library of Congress)

Congressional Budget Office Estimate

The Congressional Budget Office has produced a cost estimate for H.R.1667.

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Bill Actions

Date	Description
April 6, 2017	Received in the Senate and Read twice and referred to the Committee on the Judiciary.
April 5, 2017	Motion to reconsider laid on the table Agreed to without objection.
April 5, 2017	Voice Vote in the House On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H2715-2718)
April 5, 2017	DEBATE - The House proceeded with forty minutes of debate on H.R. 1667.
April 5, 2017	Considered under suspension of the rules. (consideration: CR H2715-2720)
April 5, 2017	Mr. Goodlatte moved to suspend the rules and pass the bill, as amended.
April 5, 2017	Placed on the Union Calendar, Calendar No. 46.
April 5, 2017	Reported by the Committee on Judiciary. H. Rept. 115-80.
March 29, 2017	Ordered to be Reported by Voice Vote.
March 29, 2017	Committee Consideration and Mark-up Session Held.
March 22, 2017	Referred to the House Committee on the Judiciary.
March 22, 2017	Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.
March 22, 2017	Introduced in the House by Tom Marino (R-Pa.)

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