Chapter 11 Bankruptcy Venue Reform Act of 2011 - Amends the federal judicial code to require chapter 11 (Reorganization) bankruptcy cases filed by corporations to be commenced in the district court for the district in which: (1) the corporation's principal place of business or principal assets in the United States have been located for one year immediately preceding such commencement, or for a longer portion of such one-year period than such corporation's U.S. principal place of business or principal assets were located in any other district; or (2) an affiliate of such corporation has a liquidation case pending, if the affiliate owns, controls, or holds with power to vote over 50% of the outstanding voting securities of such corporation.
Applies such venue requirements only to cases commenced on or after enactment of this Act.
[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2533 Introduced in House (IH)]
112th CONGRESS
1st Session
H. R. 2533
To amend title 28 of the United States Code with respect to proper
venue for cases filed by corporations under chapter 11 of title 11 of
such Code.
_______________________________________________________________________
IN THE HOUSE OF REPRESENTATIVES
July 14, 2011
Mr. Smith of Texas (for himself, Mr. Conyers, Mr. Coble, and Mr. Cohen)
introduced the following bill; which was referred to the Committee on
the Judiciary
_______________________________________________________________________
A BILL
To amend title 28 of the United States Code with respect to proper
venue for cases filed by corporations under chapter 11 of title 11 of
such Code.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Chapter 11 Bankruptcy Venue Reform
Act of 2011''.
SEC. 2. AMENDMENTS.
Section 1408 of title 28 of the United States Code is amended--
(1) by inserting ``(a)'' before ``Except'',
(2) by inserting ``and subsection (b) of this section''
after ``this title'', and
(3) by adding at the end the following:
``(b) A case under chapter 11 of title 11 in which the person that
is the subject of the case is a corporation may be commenced only in
the district court for the district--
``(1) in which the principal place of business in the
United States, or principal assets in the United States, of
such corporation have been located for 1 year immediately
preceding such commencement, or for a longer portion of such 1-
year period than the principal place of business in the United
States, or principal assets in the United States, of such
corporation were located in any other district; or
``(2) in which there is pending a case under chapter 11 of
title 11 concerning an affiliate of such corporation, if the
affiliate in such pending case directly or indirectly owns,
controls, or holds with power to vote more than 50 percent of
the outstanding voting securities of such corporation.''.
SEC. 3. EFFECTIVE DATE; APPLICATION OF AMENDMENTS.
(a) Effective Date.--Except as provided in subsection (b), this Act
and the amendments made by this Act shall take effect on the date of
the enactment of this Act.
(b) Application of Amendments.--The amendments made by this Act
shall apply only with respect to cases commenced under title 11 of the
United States Code on or after the date of the enactment of this Act.
<all>
Introduced in House
Introduced in House
Referred to the House Committee on the Judiciary.
Referred to the Subcommittee on Courts, Commercial and Administrative Law.
Subcommittee Hearings Held.
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