Protecting Gun Owners in Bankruptcy Act of 2017

Protecting Gun Owners in Bankruptcy Act of 2017

This bill amends the federal bankruptcy code to allow an individual debtor to exempt from their bankruptcy estate one or more fierarms, up to a total maximum value of $3,000. The bill also specifies that such firearms are household goods that are not subject to liens in bankruptcy.

[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2980 Introduced in House (IH)]

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115th CONGRESS
  1st Session
                                H. R. 2980

To amend title 11 of the United States Code to include firearms in the 
    types of property allowable under the alternative provision for 
                  exempting property from the estate.


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                    IN THE HOUSE OF REPRESENTATIVES

                             June 21, 2017

  Mr. Collins of New York (for himself and Mr. Latta) introduced the 
  following bill; which was referred to the Committee on the Judiciary

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                                 A BILL


 
To amend title 11 of the United States Code to include firearms in the 
    types of property allowable under the alternative provision for 
                  exempting property from the estate.

    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 ``Protecting Gun Owners in Bankruptcy 
Act of 2017''.

SEC. 2. EXEMPTIONS.

    Section 522 of title 11, United States Code, is amended--
            (1) in subsection (d) by adding at the end the following:
            ``(13) The debtor's aggregate interest, not to exceed 
        $3,000 in value, in a single firearm or firearms.''; and
            (2) in subsection (f)(4)(A)--
                    (A) in clause (xiv) by striking ``and'' at the end;
                    (B) in clause (xv) by striking the period at the 
                end and inserting ``; and''; and
                    (C) by adding at the end the following:
            ``(xvi) The debtor's aggregate interest, not to exceed 
        $3,000 in value, in a single firearm or firearms.''.

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.
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