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Small Business Reorganization Act of 2019
Legislative Progress
Momentum (last 30 days)
0
score
0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
88pct
66d open
vs 9,062 other HR bills in the 116th — cohort avg 39d
Small Business Reorganization Act of 2019 This bill creates new bankruptcy procedures for small businesses filing for reorganization under Chapter 11 and otherwise revises provisions related to venue and trustee responsibilities in Chapter 11 bankruptcies. (Sec. 2) The bill provides for the appointment of a trustee for a small business debtor filing under these new procedures. The trustee must assist in developing a reorganization plan, account for the property of the debtor, attend certain hearings and conferences, and ensure that the debtor complies with payments required under the plan. As under current law, a debtor may operate their business as a debtor in possession during the reorganization. The bill sets forth the rights and powers of a debtor in possession, as well as the procedures for removing a debtor in possession. The bill provides reporting requirements for debtors and reduces the amount of disclosures required by debtors under current law. Under these new procedures, only a debtor is allowed to file a reorganization plan. Currently, creditors may also submit plans for court approval for small businesses filing under Chapter 11. The bill sets forth requirements regarding the filing and contents of a plan of reorganization. A debtor must submit all or a portion of future income to the trustee as needed to execute the plan. The bill provides authority to the bankruptcy court to approve a reorganization plan for small businesses over the objections of the creditors. However, the plan may not discriminate unfairly, and must be fair and equitable towards each class of claims or interests that is impaired under, and has not accepted, the plan. Currently, creditors must generally vote to approve such a plan. Under a fair and equitable plan as established by this bill, a debtor's projected disposable income for at least three years, but no longer than five, must go towards payments under the plan. (Sec. 3) The bill also provides additional standards a trustee must meet in order to void a preferential transfer for all Chapter 11 filers. (Preferential transfers generally occur when a debtor transfers property before filing bankruptcy that is beneficial to one creditor to the detriment of others.) Specifically, a trustee may only void such a transfer based on reasonable due diligence and must take into account a party's known or reasonably knowable affirmative defenses. The bill also revises venue criteria for proceedings connected with a Chapter 11 bankruptcy case. Currently, an action to recover a debt against a noninsider (i.e., those that are not relatives, general partners, and directors or officers of the debtor) of less than $13,650 must be brought in the district court where the defendant resides. The bill increases that amount to $25,000. (Sec. 5) This bill takes effect 180 days after enactment.
These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.
Filing registrants (3)
2019 · fourth_quarter · Small Business
House H.R. 582, the Raise the Wage Act of 2019 - oppose. H.R. 2513, the Corporate Transparency Act of 2019 - oppose. H.R. 218, the Death Tax Repeal Act - support. H.R. 216, the Main Street Tax Certainty Act - support. H.R. 1398, the Health Insurance Tax Relief Act of 2019 - support. H.R. 2474, the PRO Act - oppose. H.R. 1511, the Stop Underrides Act - oppose. H.R. 3773, the Safe Roads Act - oppose. H.R. 3781, the INSURANCE Act - oppose. H.R. 3311, the Small Business Reorganization Act of 2019 - support. H.R. 2782, the Employee Flexibility Act - support. H.R. 748, the Middle Class Health Benefits Tax Repeal Act of 2019 - support. Sections 501, 502, and 503 of the House Amendment to the Senate Amendment of H.R. 1865, the Further Consolidated Appropriations Act, 2020 - support. H.R. 5377, the Restoring Tax Fairness for States and Localities Act - oppose. Senate S. 215, the Death Tax Repeal Act - support. S. 80, the Jobs and Premium Protection Act - support. S. 172, the Health Insurance Tax Relief Act of 2019 - support. S. 1120, the Small Business Regulatory Flexibility Improvements Act - support. S. 1149, the Main Street Tax Certainty Act - support. S. 1889, the True Incorporation Transparency for Law Enforcement (TITLE) Act - oppose. Title IX of the Chairmans Mark of the Small Business Administration (SBA) Reauthorization and Improvement Act of 2019 - support. S. 2563, the ILLICIT CASH Act - oppose. S. 1978, the Corporate Transparency Act of 2019 - oppose. S. 665, the Stop Underrides Act - oppose S. 2033, the Cullum Owings Large Truck Safe Operating Speed Act of 2019 - oppose. S. 1510, the Employee Flexibility Act - support. Sections 501, 502, and 503 of the House Amendment to the Senate Amendment of H.R. 1865, the Further Consolidated Appropriations Act, 2020 - support. Comments Comments in Response to the Department of Labor Wage and Hour Division Notice Titled Tip Regulations Under the fair Labor Standards Act (FLSA) RIN 1235-AA21, 84 Fed. Reg. 53956 (October 8, 2019). Other Issues Repeal of medical device tax
Became Public Law No: 116-54.
Became Public Law No: 116-54.
Signed by President.
Signed by President.
Presented to President.
Presented to President.
Message on Senate action sent to the House.
Passed Senate without amendment by Voice Vote. (consideration: CR S5321)
Passed/agreed to in Senate: Passed Senate without amendment by Voice Vote.(consideration: CR S5321)
Received in the Senate, read twice.
Motion to reconsider laid on the table Agreed to without objection.
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Client expense: $1,110,000 · Firm income: Not reported
Government targets: Executive Office of the President (EOP), HOUSE OF REPRESENTATIVES, Internal Revenue Service (IRS), Labor, Dept of (DOL), SENATE, Treasury, Dept of
2019 · third_quarter · Bankruptcy
Issues related to consumer bankruptcy; S 1091, small business bankruptcy; S 897 and HR 3311, Family Farmer Relief Act, HR 2336
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2019 · third_quarter · Bankruptcy
Issues related to leases in corporate bankruptcy cases; HR 3311 Small Business Bankruptcy
Client expense: Not reported · Firm income: $30,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2019 · third_quarter · Small Business
House H.R. 582, the Raise the Wage Act of 2019 - oppose. H.R. 2513, the Corporate Transparency Act of 2019 - oppose. H.R. 218, the Death Tax Repeal Act - support. H.R. 216, the Main Street Tax Certainty Act - support. H.R. 1398, the Health Insurance Tax Relief Act of 2019 - support. H.R. 2474, the PRO Act - oppose. H.R. 1511, the Stop Underrides Act - oppose. H.R. 3773, the Safe Roads Act - oppose. H.R. 3781, the INSURANCE Act - oppose. H.R. 3311, the Small Business Reorganization Act of 2019 - support. H.R. 2782, the Employee Flexibility Act - support. H.R. 748, the Middle Class Health Benefits Tax Repeal Act of 2019 - support. Senate S. 215, the Death Tax Repeal Act - support. S. 80, the Jobs and Premium Protection Act - support. S. 172, the Health Insurance Tax Relief Act of 2019 - support. S. 1120, the Small Business Regulatory Flexibility Improvements Act - support. S. 172, the Health Insurance Tax Relief Act - support. S. 1149, the Main Street Tax Certainty Act - support. S. 1895, the Lower Health Care Costs Act - support. S. 1889, the True Incorporation Transparency for Law Enforcement (TITLE) Act - oppose. Title IX of the Chairmans Mark of the Small Business Administration (SBA) Reauthorization and Improvement Act of 2019 - support. S. 1120, the Small Business Regulatory Flexibility Improvements Act - support. S. 2563, the ILLICIT CASH Act - oppose. S. 1978, the Corporate Transparency Act of 2019 - oppose. S. 665, the Stop Underrides Act - oppose S. 2033, the Cullum Owings Large Truck Safe Operating Speed Act of 2019 - oppose. S. 1510, the Employee Flexibility Act - support. Hearing NFIB Statement for the Record, Is the Tax Cuts and Jobs Act a Help or Hinderance to Main Street? House Committee on Small Business (July 24, 2019) Comments Comments on National Labor Relations Board Notice of Proposed Rulemaking titled Representation-Case Procedures: Election Bars; Proof of Majority Support in Construction Industry Collective-Bargaining Relationship, RIN 3142-AA16, 84 Fed. Reg. 39930 (August 12, 2019) Comments on DOT/FMCSA Notice of Proposed Rulemaking titled, Hours of Service of Drivers, FMCSA-2018-0248, 84 Fed. Reg. 44190 (August 22, 2019) Other Issues Estate tax Repeal of medical device tax Cash method of accounting
Client expense: $1,160,000 · Firm income: Not reported
Government targets: Environmental Protection Agency (EPA), Equal Employment Opportunity Commission (EEOC), Executive Office of the President (EOP), Federal Motor Carrier Safety Administration, HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Internal Revenue Service (IRS), Labor, Dept of (DOL), Natl Labor Relations Board (NLRB), SENATE, Small Business Administration (SBA), Transportation, Dept of (DOT), Treasury, Dept of
2019 · third_quarter · Bankruptcy
Small business bankruptcy reform (HR 3311 and S 1091)
Client expense: Not reported · Firm income: $20,000
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2019 · second_quarter · Bankruptcy
Small business bankruptcy reform (HR 3311 and S 1091)
Client expense: Not reported · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H7217-7219)
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H7217-7219)
DEBATE - The House proceeded with forty minutes of debate on H.R. 3311.
Considered under suspension of the rules. (consideration: CR H7217-7220)
Mr. Cicilline moved to suspend the rules and pass the bill, as amended.
Placed on the Union Calendar, Calendar No. 131.
Reported by the Committee on Judiciary. H. Rept. 116-171.
Congress.gov source codes: 5000, H12200
Ordered to be Reported by Voice Vote.
Committee Consideration and Mark-up Session Held.
Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.
Referred to the House Committee on the Judiciary.
Introduced in House
Congress.gov source codes: 1000, Intro-H
| July 23, 2019 |
| Introduced in House | June 18, 2019 |
| Enrolled Bill | -- |