To amend title 11, United States Code, to add a bankruptcy chapter relating to the debt of individuals, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
This bill, To amend title 11, United States Code, to add a bankruptcy chapter relating to the debt of individuals, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers. The main policy domain is Finance, Education, Labor.
Who Benefits and How
financial institutions, investors, and borrowers may benefit from new authority, funding, eligibility, regulatory clarity, or reduced risk created by the bill.
Who Bears the Burden and How
federal implementing agencies, financial institutions, investors, and borrowers may take on implementation duties, reporting obligations, compliance costs, or oversight responsibilities.
Key Provisions
- Section HBC382F6539564F978943E0DEFC5BD349: 1. Short title This Act may be cited as the Consumer Bankruptcy Reform Act of 2024.
- Section H1D9E4173BC49403D931E7C811601794A: 2. Table of contents The table of contents for this Act is as follows:
- Section H655711D8CC944D2593D8DF39333C5CDF: 101. Findings and purpose Congress finds that— individuals and families are often in financial distress for reasons outside of their control, such as job loss,...
- Section HF65A5115D38F44378D0D7D5963E666DD: 102. Chapter 10 individual bankruptcy Title 11, United States Code, is amended by inserting after section 946 the following: 10Individual bankruptcySUBCHAPTER...
- Section H6A6C870BB3BB4A4883119753F350BF83: 1001. Trustee Except as provided by section 1052, in a case under this chapter, the United States trustee— shall appoint 1 disinterested individual to serve as...
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers with clause-level evidence links.
At a Glance
What This Bill Does
This bill, To amend title 11, United States Code, to add a bankruptcy chapter relating to the debt of individuals, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Key Policy Areas
Finance, Education, Labor
Primary Purpose
This bill, To amend title 11, United States Code, to add a bankruptcy chapter relating to the debt of individuals, and for other purposes., changes federal law or congressional policy affecting financial institutions, investors, and borrowers.
Policy Domains
Whole bill
Identified Gains
- financial institutions, investors, and borrowers
Identified Costs
- federal implementing agencies
- financial institutions, investors, and borrowers
Sponsors
Legislative Progress
IntroducedMr. Nadler (for himself and Ms. Jayapal) introduced the following …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "secretary_of_health_and_human_services"
- → Secretary of Health and Human Services
Key Definitions
Terms defined in this bill
an agreement, irrespective of form— for the use of personal property, other than a vehicle, by the debtor for personal, family, or household purposes
value— as of the date of the filing of the petition
an agreement, irrespective of form— for the use of personal property, other than a vehicle, by the debtor for personal, family, or household purposes
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
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