To amend title 28 of the United States Code with respect to venue in certain preference proceedings under title 11 of the United States Code commenced by the trustee against small businesses.
Small Business Bankruptcy Venue Relief Act of 2003 - Amends the Federal judicial code to require a bankruptcy trustee to commence a proceeding against a small business concern only in the district in which the defendant resides if the proceeding is intended to avoid prohibited preferential transfers to or for the benefit of certain non-insider small business creditors for an antecedent non-consumer debt.
Defines small business as a commercial or business concern having fewer than 25 full-time employees as of the date on which the proceeding commenced.
Introduced in House
Introduced in House
Referred to the House Committee on the Judiciary.
Sponsor introductory remarks on measure. (CR E2440)
Referred to the Subcommittee on Commercial and Administrative Law.
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