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CLLA Update-Introduction of S194 and HR 526

Sharon Edmondson, Washington Legislative Team Member | February 02, 2015

Recently, Senator Grassley (R-IA) introduced S. 194, a bill to amend title 11 of the US Code to clarify the rule allowing discharge as a non-priority claim of governmental claims arising from the disposition of farm assets under chapter 12 bankruptcies. The bill was referred to the Senate Judiciary Committee. A copy of the bill language is attached.

In the House, Rep. Farenthold (R-TX) introduced HR 526, To amend Title 11 of the US Code to require the public disclosure by trusts established under section 524(g) of such title, of quarterly reports that contain detailed information regarding the receipt and disposition of claims for injuries based on exposure to asbestos. The bill was referred to the House Judiciary Committee.

View this bill here.

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