S.1107 – Bankruptcy Judgeship Act of 2017

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Week ending September 8, 2017

S.1107 – Bankruptcy Judgeship Act of 2017

Brief

Under this bill the quarterly fee payable to the U.S. trustee by chapter 11 (reorganization) debtors whose disbursements equal or exceed $1 million in a fiscal year increases unless the balance in the United States Trustee System Fund exceeds $200 million.

To that end 97.5% of the quarterly U.S. trustee fees shall be deposited as offsetting collections to the United States Trustee System Fund and 2.5% shall be deposited in the general fund of the Treasury for fiscal years 2018 through 2022.

The bill also converts ‘certain temporary bankruptcy judges to permanent bankruptcy judges and authorize the appointment of additional bankruptcy judges in Delaware and Michigan;  converts temporary bankruptcy judges to permanent bankruptcy judges in specified judicial districts in Florida, Maryland, Nevada, North Carolina, Puerto Rico, and Virginia; and authorizes the appointment of an additional bankruptcy judge in the middle district of Florida.

 (Full text of S. 1107 at congress.gov)

SponsorSen. Coons, Christopher A. [D-DE] (Introduced 05/11/2017)

Status:

VOTES and FLOOR ACTION

HOUSE

On Passage:

House Amendments:

Motion to recommit:

Text of the motion:

SENATE

On Passage: Passed by unanimous consent

Procedural Actions:

Senate Amendments:

COST AND IMPACT

Cost to the taxpayers:  Data not available

Pay-as-you-go requirements:  Data not available

Regulatory and Other Impact: Data not available

Dynamic Scoring:   Data not available

Tax Complexity:  Not applicable to this bill.

Earmark Certification:  Data not available

Duplication of programs: Data not available

Direct Rule-Making:  Data not available

Advisory Committee Statement: Data not available

Budget Authority: Data not available

Constitutional Authority:   Assumed.

 

More Bill Information:

 

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