Week ending September 8, 2017
S.1107 – Bankruptcy Judgeship Act of 2017
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)
Sponsor: Sen. Coons, Christopher A. [D-DE] (Introduced 05/11/2017)
VOTES and FLOOR ACTION
Motion to recommit:
Text of the motion:
On Passage: Passed by unanimous consent
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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