H.R.2533 - Chapter 11 Bankruptcy Venue Reform Act of 2011112th Congress (2011-2012)
|Sponsor:||Rep. Smith, Lamar [R-TX-21] (Introduced 07/14/2011)|
|Committees:||House - Judiciary|
|Latest Action:||09/08/2011 Subcommittee Hearings Held. (All Actions)|
This bill has the status Introduced
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Summary: H.R.2533 — 112th Congress (2011-2012)All Information (Except Text)
Introduced in House (07/14/2011)
Chapter 11 Bankruptcy Venue Reform Act of 2011 - Amends the federal judicial code to require chapter 11 (Reorganization) bankruptcy cases filed by corporations to be commenced in the district court for the district in which: (1) the corporation's principal place of business or principal assets in the United States have been located for one year immediately preceding such commencement, or for a longer portion of such one-year period than such corporation's U.S. principal place of business or principal assets were located in any other district; or (2) an affiliate of such corporation has a liquidation case pending, if the affiliate owns, controls, or holds with power to vote over 50% of the outstanding voting securities of such corporation.
Applies such venue requirements only to cases commenced on or after enactment of this Act.