Bankruptcy Administration Improvement Act of 2017

Bill: 115-hr-3553
Sponsor: full_name: Rep. Marino, Tom [R-PA-10]
Introduced: 2017-07-28
Policy area: Finance and Financial Sector
Subjects: Bankruptcy

Judicial procedure and administration

Legal fees and court costs
Latest action: action_date: 2018-09-26
text: Subcommittee Hearings Held.

Summaries:
action_date: 2017-07-28
action_desc: Introduced in House
text: <p><b>Bankruptcy Administration Improvement Act of 2017</b></p> <p>This bill increases the amount of compensation paid to trustees in chapter 7 (liquidation) bankrtupcy proceedings. Similarly, it increases the statutory filing fee for bankruptcy petitions under chapter 7.</p>

tv_txt: I 115th CONGRESS 1st Session H. R. 3553 IN THE HOUSE OF REPRESENTATIVES July 28, 2017 Mr. Marino (for himself and Mr. Perlmutter ) 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 increase the amount of compensation paid to chapter 7 bankruptcy trustees for services rendered.

1. Short title This Act may be cited as the Bankruptcy Administration Improvement Act of 2017 . 2. Findings The Congress finds that— (1) the amount of compensation paid to trustees serving in bankruptcy cases under chapter 7 of title 11 of the United States Code has not been increased since 1995, and (2) the amendments made by this Act will not modify, impair, or supersede the current authority of the district courts of the United States, or of bankruptcy courts, to waive the payment of filing fees by indigent individuals. 3. Compensation of trustees in cases under chapter 7 Title 11 of the United States Code is amended— (1) in section 104— (A) in subsection (a)— (i) by inserting 330(b)(1), 330(b)(2), after 303(b), , (ii) in paragraph (1) by striking and at the end, (iii) in paragraph (2)— (I) by inserting except as provided in paragraph (3), after (2) , and (II) by striking the period at the end and inserting , and , and (iv) by adding at the end the following: (3) with respect to the dollar amounts in effect under sections 330(b)(1) and 330(b)(2), to round to the nearest $1 the dollar amount that represents such change. , and (B) in subsection (b) by inserting 330(b)(1), 330(b)(2), after 303(b), , and (2) in section 330— (A) by amending subsection (a)(7) to read as follows: (7) In determining the amount of reasonable compensation to be awarded to a trustee under chapter 7, the court shall treat such compensation as a commission, based on section 326(a). , and (B) in subsection (b)(1) by striking $45 and inserting $105 . 4. Bankruptcy Fees Section 1930(1)(A) of title 28 of the United States Code is amended by striking $245 and inserting $305 . 5. 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 1st day of the 1st month that begins more than 180 days after 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 effective date of this Act.