A bill to amend title 11, United States Code, to prohibit nonconsensual release of a nondebtor entity's liability to an entity other than the debtor, and for other purposes.

12/10/2024, 11:56 AM

Summary of Bill S 5415

Bill 118 s 5415 aims to make changes to title 11 of the United States Code in order to prevent the nonconsensual release of a nondebtor entity's liability to a party other than the debtor. This bill seeks to ensure that nondebtor entities are not unfairly released from their financial obligations without their consent. The bill also includes provisions for other purposes related to this issue. Overall, the goal of this legislation is to protect the financial interests of nondebtor entities and maintain fairness in the legal system.

Current Status of Bill S 5415

Bill S 5415 is currently in the status of Bill Introduced since December 3, 2024. Bill S 5415 was introduced during Congress 118 and was introduced to the Senate on December 3, 2024. Bill S 5415's most recent activity was Read twice and referred to the Committee on the Judiciary. as of December 3, 2024

Bipartisan Support of Bill S 5415

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Policy Area and Potential Impact of Bill S 5415

Primary Policy Focus

Alternate Title(s) of Bill S 5415

A bill to amend title 11, United States Code, to prohibit nonconsensual release of a nondebtor entity's liability to an entity other than the debtor, and for other purposes.