Bankruptcy Law Reforms of 2001
Summary of the Bills
Bankruptcy Reforms Legislation
Senate Action House Action
Text of S 420 Bankruptcy Reform Act of 2001
Summary of the Senate  bill
Introduced by Sen Grassley, Charles E.
Disposition of Major Amendments		 Text of HR333 Bankruptcy Abuse Prevention and Consumer Protection Act of 2001
Summary of the House bill
03/16/2001 Thursday's 83-15 vote in favor of the most sweeping overhaul of bankruptcy laws in 20 years occurred just two weeks after the House passed a similar bill, but one that left wealthy homeowners in some states protected.

The measure garnered the votes of 47 Republicans and 36 Democrats in the evenly divided Senate, while 13 Democrats and two Republicans opposed it.
03/15/2001 Passed Senate with amendments by Yea-Nay Vote. 83 - 15. Record Vote Number: 36.
03/14/2001 Cloture invoked in Senate by Yea-Nay Vote. 80 - 19. Record Vote Number: 29.
03/13/2001 Senate Majority Leader Trent Lott (R-Miss.) said the Senate would debate bills to overhaul bankruptcy and campaign finance laws and then tackle the budget before taking up Bush's education proposals, which call for annual student testing and federal funding tied to educational results.
03/08/2001  Senators voted, 65-34, to reject the exemption for medical debts from the bankruptcy overhaul legislation, which overwhelmingly passed the House last Thursday and is expected to be signed by President Bush  if it reaches his desk.
03/04/2001 BANKRUPTCY OVERHAUL (House Vote: For: 306 / Against: 108)

The House passed a bill (HR 333) on Thursday making it more difficult for individuals to use bankruptcy to walk away from debt. Under the bill, most debtors making more than the median income for their region are required to file under Chapter 13 of the bankruptcy code, which entails substantial repayment of unsecured debt over five years, rather than Chapter 7, which requires little or no repayment. The bill also changes certain bankruptcy rules for farms and businesses.
02/28/2001 House Rules Committee: 2 p.m. Bankruptcy. Capitol H-313.
02/14/2001 Introduced in the House 1/31/2001 

Bankruptcy Reforms Sound-Off
08/14/2002 Congress, responding to the increasing bankruptcy filings, is considering legislation that would make it harder for Americans to escape overwhelming debt in bankruptcy court.8.6% Jump (Record Number File for Bankruptcy) 
WASHINGTON (AP) - Consumers and businesses amassed so much debt in recent years that record numbers filed for bankruptcy protection for the second year in a row, the Administrative Office of the U.S. Courts said Wednesday, August 14, 2002.
The 1.5 million new cases filed during the year ending June 30 represented an 8.6 percent increase over the record number of cases filed during the year ending June 30, 2001.  "They're telling us what happened last year. It's just the recession," said Michael Evans, a Florida economist formerly with American Economics Group.
04/26/2002 NEWS FLASH: 04/26/2002 House Speaker Dennis Hastert said April 26, 2002 he would tackle financial pieces of long-stalled bankruptcy reform legislation separately if lawmakers struggling to conclude the measure aren't done in six weeks.  Bankruptcy Reform Bill- Make or Break Opportunity
04/26/2002 House Speaker Dennis Hastert said April 26, 2002 he would tackle financial pieces of long-stalled bankruptcy reform legislation House Speaker Dennis Hastert said April 26, 2002 he would tackle financial pieces of long-stalled bankruptcy reform legislation separately if lawmakers struggling to conclude the measure aren't done in six weeks. Hastert speaks to the press with Rep. Bill Thomas, center, (R-CA) and Rep. Dick Armey, right, (R-TX) in the Capitol in this Dec. 19, 2001 file photo. (Kevin Lamarque/Reuters)
05/03/2002 Bankruptcy Reform Bill: Make or Break Opportunity
09/24/2001 Bankruptcy Reform Bill, are unimportant for now
07/20/2001 Bill to Tighten Bankruptcy Gets a Push
06/20/2001 U.S. bankruptcy judges may gain power
Daschle Wants Bankruptcy Conferees Appointed Soon
06/20/2001 Bill to Tighten Bankruptcy Gets a Push
06/11/2001 Law Could Hurt Counseling Agencies
03/16/2001 Washington Post: Senate Backs Crackdown On Consumer Bankruptcy
  CNN: Senate passes divisive bankruptcy bill
03/15/2001 Senate poised to pass sweeping bankruptcy reform
  Senate To Vote on Bankruptcy Bill
  Senate rejects limits on credit for minors
03/14/2001 Bill on Bankruptcy to Make It Harder to Wipe Out Debts
03/12/2001 Early Wins Embolden Lobbyists for Business
03/09/2001 Bill to Restrict Bankruptcies May Lead to Surge in Filings
  Bankruptcy Reform Bill Causes Concern Among Turnaround Management Association Leaders- Small Businesses Trying to Recover Will Be Main Casualty