H.R.2604 - Religious Liberty and Charitable Donation Protection Act of 1998105th Congress (1997-1998)
|Sponsor:||Rep. Packard, Ron [R-CA-48] (Introduced 10/02/1997)|
|Committees:||House - Judiciary|
|Committee Reports:||H. Rept. 105-556|
|Latest Action:||06/03/1998 Laid on the table. See S. 1244 for further action. (All Actions)|
This bill has the status Passed House
Here are the steps for Status of Legislation:
- Passed House
Subject — Policy Area:
- Finance and Financial Sector
- View subjects
Summary: H.R.2604 — 105th Congress (1997-1998)All Bill Information (Except Text)
Passed House amended (06/03/1998)
Religious Liberty and Charitable Donation Protection Act of 1998 - Amends Federal bankruptcy law with respect to avoidance by the trustee in bankruptcy of fraudulent transfers and obligations to cite circumstances under which a transfer of a charitable contribution to a qualified religious or charitable unit shall not be considered to be fraudulent. Prohibits the trustee from avoiding such charitable contributions when acting as lien creditor and successor to certain creditors and purchasers.
Excludes from "disposable income," for purposes of bankruptcy plan confirmation, up to 15 percent of the gross income of the debtor when it is expended for such charitable contributions.
Prohibits the bankruptcy court, when it determines whether to dismiss a case, from taking into consideration whether a debtor makes charitable contributions to any qualified religious or charitable entity.