Customs Business Fairness Act of 2017

Bill: 115-hr-4657
Sponsor: full_name: Rep. King, Peter T. [R-NY-2]
Introduced: 2017-12-14
Policy area: Finance and Financial Sector
Subjects: Administrative remedies

Bankruptcy

Financial services and investments
Latest action: action_date: 2018-01-22
text: Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.

Summaries:
action_date: 2017-12-14
action_desc: Introduced in House
text: <p><b>Customs Business Fairness Act of 2017</b></p> <p>This bill modifies the treatment of claims by customs brokers for unpaid customs duties in chapter 11 (reorganization) bankruptcy proceedings.</p>

tv_txt: I 115th CONGRESS 1st Session H. R. 4657 IN THE HOUSE OF REPRESENTATIVES December 14, 2017 Mr. King of New York (for himself and Mr. Meeks ) introduced the following bill; which was referred to the Committee on the Judiciary A BILL To amend title 11 of the United States Code, to allow full subrogation, including subrogation to the priority rights of the United States, of claims for the payment of customs duties.

1. Short title This Act may be cited as the Customs Business Fairness Act of 2017 . 2. Amendment Section 507(d) of title 11, United States Code, is amended by inserting excluding subparagraph (F) after (a)(8) . 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 not apply with respect to cases commenced under title 11 of the United States Code before the date of the enactment of this Act.