Enhancing United States Trustee Oversight Act of 2016

Bill: 114-hr-5618
Sponsor: full_name: Rep. Trott, David A. [R-MI-11]
Introduced: 2016-07-01
Policy area: Law
Subjects: Accounting and auditing

Bankruptcy

Civil actions and liability

Government studies and investigations
Latest action: action_date: 2016-07-20
text: Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.

Summaries:
action_date: 2016-07-01
action_desc: Introduced in House
text: <p><b>Enhancing United States Trustee Oversight Act of 2016</b></p> <p>This bill authorizes U.S. trustees (who are appointed by the Attorney General to oversee certain bankruptcy cases and private trustees) to perform investigations, and to contract with auditors to perform audits, of trusts established as part of a reorganization plan confirmed under chapter 11 of the federal bankruptcy code, including a trust with respect to which an injunction is issued to carry out a discharge and enjoin entities from taking legal action to collect payment on a claim or demand to be paid by the trust.</p>

tv_txt: I 114th CONGRESS 2d Session H. R. 5618 IN THE HOUSE OF REPRESENTATIVES July 1, 2016 Mr. Trott introduced the following bill; which was referred to the Committee on the Judiciary A BILL To amend title 28 of the United States Code to authorize the United States trustees to perform investigations and audits of trusts established as part of a plan of reorganization confirmed under chapter 11 of title 11 of the United States Code.

1. Short title This Act may be cited as the Enhancing United States Trustee Oversight Act of 2016 . 2. Amendment to title 28 of the United States Code Section 586 of title 28 of the United States Code is amended by adding at the end the following: (g) The United States trustee for each region is authorized to perform investigations, and to contract with auditors to perform audits, of trusts established as part of a plan of reorganization confirmed under chapter 11 of title 11 of the United States Code, including trusts with respect to which an injunction is issued under subsection (g) of section 524 of such title. . 3. Effective date; application of amendment (a) Effective date Except as provided in subsection (b), this Act and the amendment made by this Act shall take effect on the date of the enactment of this Act. (b) Application of amendment The amendment made by this Act shall apply with respect to trusts established before, on, or after the date of the enactment of this Act.