Amendment in the nature of a substitute sought to make Chapter 12 farm bankruptcy protections a permanent part of the Bankruptcy Code; increase the debt limits that a family farm can hold to qualify for Chapter 12 from $1.5 million to $3.2 million; index those debt limits to the consumer price index; and expand this type of bankruptcy protection to family fishermen.

Purpose:

An amendment numbered 2 printed in House Report 108-407 to make chapter 12 of title 11 of the U.S. Bankruptcy Code, dealing with `family farmer' reorganization, permanent and to expand eligibility requirements.

House Amendment Code:

(A002)

House Tally Clerks use this code to manage amendment information.