Protecting Gun Owners in Bankruptcy Act of 2023

1/18/2024, 6:05 AM

Protecting Gun Owners in Bankruptcy Act of 2023

This bill modifies federal bankruptcy law to allow an individual debtor to exempt from their bankruptcy estate one or more firearms up to a total maximum value of $3,000. The bill also specifies that such firearms are household goods that are not subject to liens in bankruptcy.

Congress
118
Number
HR - 962
Introduced on
2023-02-09
# Amendments
0
Sponsors
+5
Cosponsors
+5

Variations and Revisions

2/9/2023
Text
PDF
XML

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Protecting Gun Owners in Bankruptcy Act of 2023

This bill modifies federal bankruptcy law to allow an individual debtor to exempt from their bankruptcy estate one or more firearms up to a total maximum value of $3,000. The bill also specifies that such firearms are household goods that are not subject to liens in bankruptcy.

Alternative Names
Official Title as IntroducedTo amend title 11 of the United States Code to include firearms in the types of property allowable under the alternative provision for exempting property from the estate.
Policy Areas
Finance and Financial Sector

Comments

Recent Activity

Latest Summary5/22/2023

Protecting Gun Owners in Bankruptcy Act of 2023

This bill modifies federal bankruptcy law to allow an individual debtor to exempt from their bankruptcy estate one or more firearms up to a total maximum value of $3,000. The bill also...

Latest Action2/9/2023
Referred to the House Committee on the Judiciary.