Bankruptcy Venue Reform Act

This bill changes the rules for where bankruptcy cases can be filed in federal court. A company would generally have to file where its principal place of business or principal assets in the United States were located for most of the 180 days before filing, or where a parent company owning 50 percent or more of it has a properly filed pending case. Changes in ownership or moves of a business or its assets made within one year before filing, or made to establish venue, would not count. Cases filed in the wrong district would have to be dismissed or transferred, and courts would have to rule on venue objections within 14 days. The Supreme Court would also write rules letting government attorneys appear in bankruptcy cases without charge and without hiring local counsel.

Full text and official record on Congress.gov

Sponsors

• Zoe Lofgren Democrat sponsor
• 1 cosponsors