United States 116th Congress Status: In Committee Bipartisan · 15 D · 6 R cosponsors

HR 4421 — Bankruptcy Venue Reform Act of 2019

Last action — Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 116th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there are no live odds of enactment. It would have to be reintroduced in the current session to move again.

Summary

Bankruptcy Venue Reform Act of 2019 This bill limits where a non-individual debtor (e.g., a corporate debtor) may file for chapter 11 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. Under current law, these debtors may also file where they are domiciled (i.e., incorporated) or where there is a chapter 11 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.

Bill Text

Action History

  1. Introduced in House

  2. Introduced in House

  3. Referred to the House Committee on the Judiciary.

  4. Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.

Sponsors

Sponsorship breakdown

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1 sponsors · 20 co-sponsors · 526 not signed on

Sponsors (1)

Co-sponsors (20)

Not signed on (526)

526 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

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Subjects

finance
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Frequently asked questions

What does HR 4421 do?
Bankruptcy Venue Reform Act of 2019 This bill limits where a non-individual debtor (e.g., a corporate debtor) may file for chapter 11 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. Under current law, these debtors may also file where they are domiciled (i.e., incorporated) or where there is a chapter 11 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.
Who sponsors HR 4421?
HR 4421 is sponsored by Lofgren, Zoe (Democratic), Sensenbrenner, F. James, Jr. (Republican), Crist, Charlie (Democratic), Steube, W. Gregory (Republican), Neal, Richard E. (Democratic), Burgess, Michael C. (Republican), Lynch, Stephen F. (Democratic), Gooden, Lance (Republican), Kennedy, Joseph P., III (Democratic), Timmons, William R. (Republican), Stanton, Greg (Democratic), McGovern, James P. (Democratic), Thompson, Mike (Democratic), Kirkpatrick, Ann (Democratic), Stevens, Haley M. (Democratic), Pressley, Ayanna (Democratic), Cooper, Jim (Democratic), Brooks, Susan W. (Republican), Horn, Kendra S. (Democratic), Cunningham, Joe (Democratic), and Finkenauer, Abby (Democratic).
What is the current status of HR 4421?
This bill died with 116th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HR 4421?
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Last checked for changes 3 months ago · updated continuously

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