Protecting Gun Owners in Bankruptcy Act of 2023

House Bill 962 - Protecting Gun Owners in Bankruptcy Act of 2023: Overview, Status, and Impact

Hozzl · 2024-01-18T06:05:35Z

Explore the details of House Bill 962 Protecting Gun Owners in Bankruptcy Act of 2023 currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Finance and Financial Sector. Stay informed on legislative developments.

1/18/2024, 6:05 AM

Congressional Summary of HR 962

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.

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Current Status of Bill HR 962

Bill HR 962 is currently in the status of Bill Introduced since February 9, 2023. Bill HR 962 was introduced during Congress 118 and was introduced to the House on February 9, 2023. Bill HR 962's most recent activity was Referred to the House Committee on the Judiciary. as of February 9, 2023

Bipartisan Support of Bill HR 962

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

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Republican Cosponsors

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Policy Area and Potential Impact of Bill HR 962

Primary Policy Focus

Finance and Financial Sector

Alternate Title(s) of Bill HR 962

Protecting Gun Owners in Bankruptcy Act of 2023

To 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.