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Bankruptcy Venue Reform Act of 2021

USA117th CongressS-2827| Senate 
| Updated: 9/23/2021
John Cornyn

John Cornyn

Republican Senator

Texas

Cosponsors (1)
Elizabeth Warren (Democratic)

Judiciary Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Bankruptcy Venue Reform Act of 2021 This bill limits where a non-individual debtor (e.g., a corporate debtor) may file for bankruptcy. Specifically, these debtors must file in the district court for the district in which the principal place of business or principal assets of the debtor are located. Such a debtor may also file in a district where there is a pending bankruptcy case concerning an affiliate that has a certain level of control or ownership of the debtor (e.g., if the affiliate is a controlling shareholder of the debtor), if that pending case is in a proper venue under this bill. Under current law, these debtors may also file where they are domiciled (i.e., incorporated) or where there is a bankruptcy case pending concerning an affiliate, general partner, or partnership. For certain debtors who are issuers of securities, their principal place of business is defined in the bill as the address of the entity's principal executive office as provided in specified Securities and Exchange Commission filings.
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Timeline

Bill from Previous Congress

S 116-5032
Bankruptcy Venue Reform Act of 2020
Sep 23, 2021
Introduced in Senate
Sep 23, 2021
Read twice and referred to the Committee on the Judiciary.
Nov 1, 2022

Latest Companion Bill Action

HR 117-4193
Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.
  • Bill from Previous Congress

    S 116-5032
    Bankruptcy Venue Reform Act of 2020


  • September 23, 2021
    Introduced in Senate


  • September 23, 2021
    Read twice and referred to the Committee on the Judiciary.


  • November 1, 2022

    Latest Companion Bill Action

    HR 117-4193
    Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.

Law

Related Bills

  • HR 117-4193: Bankruptcy Venue Reform Act of 2021

Bankruptcy Venue Reform Act of 2021

USA117th CongressS-2827| Senate 
| Updated: 9/23/2021
Bankruptcy Venue Reform Act of 2021 This bill limits where a non-individual debtor (e.g., a corporate debtor) may file for bankruptcy. Specifically, these debtors must file in the district court for the district in which the principal place of business or principal assets of the debtor are located. Such a debtor may also file in a district where there is a pending bankruptcy case concerning an affiliate that has a certain level of control or ownership of the debtor (e.g., if the affiliate is a controlling shareholder of the debtor), if that pending case is in a proper venue under this bill. Under current law, these debtors may also file where they are domiciled (i.e., incorporated) or where there is a bankruptcy case pending concerning an affiliate, general partner, or partnership. For certain debtors who are issuers of securities, their principal place of business is defined in the bill as the address of the entity's principal executive office as provided in specified Securities and Exchange Commission filings.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

S 116-5032
Bankruptcy Venue Reform Act of 2020
Sep 23, 2021
Introduced in Senate
Sep 23, 2021
Read twice and referred to the Committee on the Judiciary.
Nov 1, 2022

Latest Companion Bill Action

HR 117-4193
Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.
  • Bill from Previous Congress

    S 116-5032
    Bankruptcy Venue Reform Act of 2020


  • September 23, 2021
    Introduced in Senate


  • September 23, 2021
    Read twice and referred to the Committee on the Judiciary.


  • November 1, 2022

    Latest Companion Bill Action

    HR 117-4193
    Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.
John Cornyn

John Cornyn

Republican Senator

Texas

Cosponsors (1)
Elizabeth Warren (Democratic)

Judiciary Committee

Law

Related Bills

  • HR 117-4193: Bankruptcy Venue Reform Act of 2021
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted