Bill Summary & Status for the 106th Congress

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S.586
Sponsor: Sen Kohl, Herb(introduced 3/11/1999)
Latest Major Action: 3/24/1999 Referred to Senate subcommittee
Title: A bill to amend title 11, United States Code, to limit the value of certain real property that a debtor may elect to exempt under State of local law, and for other purposes.
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TITLE(S):  (italics indicate a title for a portion of a bill)
STATUS: (color indicates Senate actions) (Floor Actions/Congressional Record Page References)
3/11/1999:
Read twice and referred to the Committee on Judiciary.
3/24/1999:
Referred to Subcommittee on Oversight and Courts.
COMMITTEE(S):
RELATED BILL DETAILS:

***NONE***

AMENDMENT(S):

***NONE***

COSPONSORS(1), ALPHABETICAL [followed by Cosponsors withdrawn]:     (Sort: by date)

Sen Sessions, Jeff - 3/11/1999

SUMMARY AS OF:
3/11/1999--Introduced.

Bankruptcy Abuse Reform Act of 1999 - Amends the bankruptcy code to limit the homestead exemption from a debtor's estate under State or local law to an aggregate of $100,000 in value in: (1) real or personal property (including a cooperative that owns property) that the debtor (or a dependent) uses as a residence; or (2) a burial plot for the debtor (or a dependent).