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House amends BK Reform Act to allow charitable contributions

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    House amends BK Reform Act to allow charitable contributions

    Hope the President signs it.

    S.4044
    Title: A bill to clarify the treatment of certain charitable contributions under title 11, United States Code.
    Sponsor: Sen Hatch, Orrin G. [UT] (introduced 9/29/2006) Cosponsors (1)
    Latest Major Action: 12/6/2006 Cleared for White House.
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    Jump to: Summary, Major Actions, All Actions, Titles, Cosponsors, Committees, Related Bill Details, Amendments

    --------------------------------------------------------------------------------
    SUMMARY AS OF:
    9/29/2006--Passed Senate without amendment. (There is 1 other summary)

    (This measure has not been amended since it was introduced. The summary of that version is repeated here.)

    Religious Liberty and Charitable Donation Clarification Act of 2006 - Amends federal bankruptcy law with respect to calculation of the projected disposable income of an individual with regular income to meet the requirements for court confirmation of a plan for adjustment of the individual's debts.

    Removes charitable contributions from the statutory formula used to determine what portion of such contributions is reasonably necessary to be expended for such purposes from a debtor's current monthly income. (Thus allows full deduction of such contributions from current monthly income to arrive at disposable income, consistent with the requirements of the Religious Liberty and Charitable Contribution Protection Act of 1998.)


    --------------------------------------------------------------------------------
    MAJOR ACTIONS:
    9/29/2006 Introduced in Senate
    9/30/2006 Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.
    12/6/2006 Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.
    12/6/2006 Cleared for White House.



    --------------------------------------------------------------------------------
    ALL ACTIONS:
    9/29/2006:
    Introductory remarks on measure. (CR S10658)
    9/29/2006:
    Introduced in the Senate, read twice.
    9/30/2006:
    Passed Senate without amendment by Unanimous Consent. (consideration: CR S10769; text as passed Senate: CR S10769)
    10/2/2006:
    Message on Senate action sent to the House.
    11/9/2006 2:08pm:
    Received in the House.
    11/9/2006 3:40pm:
    Held at the desk.
    11/13/2006:
    Referred to the House Committee on the Judiciary.
    12/6/2006 3:20pm:
    Mr. Sensenbrenner moved to suspend the rules and pass the bill.
    12/6/2006 3:20pm:
    Considered under suspension of the rules. (consideration: CR 12/7/2006 H8812-8813)
    12/6/2006 3:30pm:
    On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR 12/7/2006 H8812)
    12/6/2006 3:30pm:
    Motion to reconsider laid on the table Agreed to without objection.
    12/6/2006:
    Cleared for White House.

    #2
    I moved this post here, Keep, as it is more BK News related.

    Hope you don't mind.

    Great find!! Thanks for sharing with us all!!
    Filed Ch 7 - 09/06
    Discharged - 12/2006
    Officially Declared No Asset - 03/2007
    Closed - 04/2007

    I am not an attorney. My comments are based on personal experience and research. Always consult an attorney in your area to address concerns related to your particular situation.

    Another good thing about being poor is that when you are seventy your children will not have declared you legally insane in order to gain control of your estate. - Woody Allen...

    Comment

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