A bill to make chapter 12 of title 11, United States Code, permanent, and for other purposes.
Safeguarding America's Farms Entering the Year 2000 Act - Amends the Federal Bankruptcy Code to: (1) reenact Chapter 12, Adjustment of Debts of a Family Farmer with Regular Annual Income, (thereby reinstating family farmer bankruptcy relief); (2) cite circumstances under which the claim of a governmental unit that arises as a result of the disposition of a farm asset used in the debtor's farming operation shall be treated as an unsecured claim that is not entitled to priority; and (3) revise the criteria defining family farmer, including the size of the attendant aggregate debt.
Referred to the Subcommittee on Commercial and Administrative Law.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S764-765)
Read twice and referred to the Committee on Judiciary.
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