S.2682 - Territories Relief Act114th Congress (2015-2016)
|Sponsor:||Sen. Gillibrand, Kirsten E. [D-NY] (Introduced 03/15/2016)|
|Committees:||Senate - Energy and Natural Resources|
|Latest Action:||Senate - 03/15/2016 Read twice and referred to the Committee on Energy and Natural Resources. (All Actions)|
This bill has the status Introduced
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Summary: S.2682 — 114th Congress (2015-2016)All Information (Except Text)
Introduced in Senate (03/15/2016)
Territories Relief Act
This bill allows a territory (the Commonwealth of Puerto Rico, Guam, American Samoa, the Commonwealth of the Northern Mariana Islands, or the U.S. Virgin Islands), or a municipality of a territory, to petition the bankruptcy court for the judicial district in which it is located to effect a plan to adjust its debts.
The chief judge of the court of appeals for the circuit of the district in which the case is commenced shall designate the bankruptcy judge to conduct the case.