119-HR4064

Bill is currently in: House
Path to Law
House Senate President

119th CONGRESS

1st Session

H. R. 4064

1. Short title
2. Exemptions
3. Effective date; application of amendments

1. Short title

This Act may be cited as the "Protecting Gun Owners in Bankruptcy Act".

2. Exemptions

Section 522 of title 11, United States Code, is amended—

(1) - in subsection (d) by adding at the end the following:

(13) - The debtor's aggregate interest, not to exceed $3,000 in value, in a single firearm or firearms.

(2) - in subsection (f)(4)(A)—

(A) - in clause (xiv) by striking "and" at the end;

(B) - in clause (xv) by striking the period at the end and inserting "; and"; and

(C) - by adding at the end the following:

(xvi) - The debtor's aggregate interest, not to exceed $3,000 in value, in a single firearm or firearms.

3. 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 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 date of the enactment of this Act.