Legislators
Bills
Statements
Lobbying
Travel
Searching...- Bills
- H.R.4777
H.R.4777: Nondebtor Release Prohibition Act of 2021
About This Bill
- Introduced July 28, 2021
- Latest Major Action Nov. 3, 2021
Bill Sponsor
Bill Cosponsors
6 (All Democrats)
Bill Version
- Introduced in House - July 28, 2021
Bill Summary
Nondebtor Release Prohibition Act of 2021 This bill addresses the release by bankruptcy courts of creditor or other third-party claims against non-debtors. Complex bankruptcies may involve third-party claims against non-debtors associated with the debtor, such as the debtor's officers, directors, or employees. Currently, in carrying out a bankruptcy plan, bankruptcy courts may release non-debtors from liability (there is a split in the...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
| Nov. 3, 2021 |
Ordered to be Reported (Amended) by the Yeas and Nays: 23 - 17.
|
| Nov. 3, 2021 |
Committee Consideration and Mark-up Session Held.
|
| July 28, 2021 |
Referred to the House Committee on the Judiciary.
|
| July 28, 2021 |
Introduced in the House by Jerrold Nadler (D-N.Y.) |