A bill to amend title 11, United States Code, with respect to the definition of the term "family farmer".

Bill: 115-s-3721
Sponsor: full_name: Sen. Grassley, Chuck [R-IA]
Introduced: 2018-12-06
Policy area: Finance and Financial Sector
Subjects: Agricultural prices, subsidies, credit

Bankruptcy

Commerce

Small business
Latest action: action_date: 2018-12-06
text: Read twice and referred to the Committee on the Judiciary.

Summaries:
action_date: 2018-12-06
action_desc: Introduced in Senate
text: <p>This bill amends the federal bankruptcy code to increase the aggregate debt limit for a family farmer who files for relief under chapter 12 (family farmer or fisherman reorganization). The debt limit is the maximum amount of debt that can be reorganized in bankruptcy.</p>

tv_txt: II 115th CONGRESS 2d Session S. 3721 IN THE SENATE OF THE UNITED STATES December 6, 2018 Mr. Grassley (for himself and Ms. Klobuchar ) introduced the following bill; which was read twice and referred to the Committee on the Judiciary A BILL To amend title 11, United States Code, with respect to the definition of the term family farmer .

1. Definition of family farmer Section 101(18) of title 11, United States Code, is amended by striking $3,237,000 each place that term appears and inserting $10,000,000 .