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- S.2497
S.2497: Nondebtor Release Prohibition Act of 2021
About This Bill
- Introduced July 28, 2021
- Latest Major Action July 28, 2021
Bill Sponsor
Bill Cosponsors
4 (3 Democrats, 1 Independent Democrat)
Bill Version
- Introduced in Senate - 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 |
|---|---|
| July 28, 2021 |
Read twice and referred to the Committee on the Judiciary.
|
| July 28, 2021 |
Introduced in the Senate by Elizabeth Warren (D-Mass.) |