H.R.4777: Nondebtor Release Prohibition Act of 2021

About This Bill

  • Introduced July 28, 2021
  • Latest Major Action Nov. 3, 2021

Bill Version

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.)

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