bill_id,congress,bill_type,bill_number,title,policy_area,introduced_date,latest_action_date,latest_action_text,origin_chamber,sponsor_name,sponsor_state,sponsor_party,sponsor_bioguide_id,cosponsor_count,summary_text,update_date,url
107-s-3174,107,s,3174,Protection of Family Farmers and Family Fisherman Act of 2002,Finance and Financial Sector,2002-11-19,2002-11-19,Read twice and referred to the Committee on the Judiciary.,Senate,"Sen. Grassley, Chuck [R-IA]",IA,R,G000386,3,"Protection of Family Farmers and Family Fishermen Act of 2002 - Amends the Federal Bankruptcy Code to reenact Chapter 12, Adjustment of Debts of a Family Farmer with Regular Annual Income (thus reinstating permanently family farmer bankruptcy relief).Provides periodic adjustments for inflation of the debt limit for family farmers.Cites circumstances under which the claim of a governmental unit that arises from the disposition of a farm asset used in the debtor's farming operation shall be treated as an unsecured claim not entitled to priority.Increases from $1.5 million to $3.237 million the maximum aggregate debt that permits a farming operation to qualify as a family farming operation for debt adjustment purposes. Decreases from 80 percent to 50 percent the minimum percentage of aggregate, noncontingent liquidated debts arising out of such a farming operation.Repeals the requirement that a family farmer and spouse receive over 50 percent of income from farming operations in the year before a bankruptcy petition is filed.Prohibits: (1) retroactive assessment of disposable income; and (2) post-confirmation modification of a bankruptcy plan that would increase the amount of payments that were due before such modification. Requires debtor's consent for post-confirmation increase in payments.Extends Chapter 12 coverage to family fishermen whose aggregate debts do not exceed $1.5 million, of which at least 80 percent of aggregate noncontingent, liquidated debts arise out of a commercial fishing operation.",2025-08-19T17:30:13Z,https://www.congress.gov/bill/107th-congress/senate-bill/3174
107-s-3139,107,s,3139,Employee Pension Bankruptcy Protection Act of 2002,Finance and Financial Sector,2002-10-17,2002-10-17,Read twice and referred to the Committee on the Judiciary. (text of measure as introduced: CR S10708-10709),Senate,"Sen. Sessions, Jeff [R-AL]",AL,R,S001141,2,See summary of: S. 3028,2025-08-19T17:28:43Z,https://www.congress.gov/bill/107th-congress/senate-bill/3139
107-s-3034,107,s,3034,Check Truncation Act,Finance and Financial Sector,2002-10-02,2002-10-02,"Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.",Senate,"Sen. Johnson, Tim [D-SD]",SD,D,J000177,2,"Check Truncation Act - Sets forth a statutory framework under which a substitute check is the legal equivalent of an original check for all purposes, if the substitute check: (1) accurately represents all of the information on the front and back of the original check as of the time the original check was truncated; and (2) bears the legend: ""This is a legal copy of your check. You can use it the same way you would use the original check."" Prescribes implementation guidelines, including: (1) indemnity procedures; (2) substitute check warranties; (3) expedited recredit claims for consumers and for banks; (4) procedures for claims; (5) measure of damages; (6) statute of limitations; and (7) consumer education materials.",2025-08-19T17:31:09Z,https://www.congress.gov/bill/107th-congress/senate-bill/3034
107-s-2996,107,s,2996,Bankruptcy Abuse Reform Act of 2002,Finance and Financial Sector,2002-09-24,2002-09-24,Read twice and referred to the Committee on the Judiciary. (text of measure as introduced: CR S9123),Senate,"Sen. Kohl, Herb [D-WI]",WI,D,K000305,2,"Bankruptcy Abuse Reform Act of 2002--Amends the Federal bankruptcy code to prohibit a debtor from exempting from the estate in bankruptcy any amount of interest that exceeds in the aggregate $125,000 in value in: (1) real or personal property used as a residence; (2) a cooperative that owns property used as a residence by the debtor or debtor's dependent; or (3) a burial plot for the debtor or debtor's dependent.States that this limitation on such an exemption does not apply to the principal residence of a family farmer.",2025-08-19T17:28:37Z,https://www.congress.gov/bill/107th-congress/senate-bill/2996
107-s-2947,107,s,2947,Consumer Rental Purchase Agreement Act of 2002,Finance and Financial Sector,2002-09-17,2002-09-17,"Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.",Senate,"Sen. Landrieu, Mary L. [D-LA]",LA,D,L000550,8,"Consumer Rental Purchase Agreement Act of 2002 - Amends the Consumer Credit Protection Act to prescribe guidelines for rental-purchase transactions, including: (1) the determination of rental-purchase cost; (2) disclosure requirements; (3) proscriptions against confessions of judgment, wage assignments, and waiver of consumer claims or defenses; (4) furnishing of statements of account; (5) point-of-rental disclosures; and (6) rental-purchase advertising disclosures.Authorizes the Board of Governors of the Federal Reserve System to promulgate implementing regulations.Declares that an action for civil liability may be brought against a merchant's assignee only if the violation is apparent on the face of a rental-purchase agreement to which it relates, including, but not limited to, a disclosure that can be determined to be incomplete or inaccurate from the face of the agreement. Provides for Federal and State enforcement of this Act.",2025-08-19T17:29:02Z,https://www.congress.gov/bill/107th-congress/senate-bill/2947
107-s-2901,107,s,2901,Corporate Accountability in Bankruptcy Act,Finance and Financial Sector,2002-09-03,2002-09-03,Read twice and referred to the Committee on the Judiciary. (text of measure as introduced: CR S8100),Senate,"Sen. Grassley, Chuck [R-IA]",IA,R,G000386,1,"Corporate Accountability in Bankruptcy Act - Amends Federal bankruptcy law to authorize the bankruptcy trustee to avoid any transfer made within one year before the date of the bankruptcy petition if it was made to an insider, officer, or director for any bonuses, loans, or other extraordinary or excessive compensation.Authorizes the bankruptcy trustee to avoid any transfer of debtor's interest in property, or of any obligation incurred by the debtor and paid to any officer, director, or employee of an issuer of securities, if: (1) the transfer was made, or the obligation was incurred within four years before the petition filing date; and (2) the officer, director, or employee committed either a securities violation, or committed fraud, deceit, or manipulation in a fiduciary capacity or in connection with a securities transaction, or engaged in illegal or deceptive accounting practices.",2025-08-19T17:29:22Z,https://www.congress.gov/bill/107th-congress/senate-bill/2901
107-s-2877,107,s,2877,Rank and File Stock Option Act of 2002,Finance and Financial Sector,2002-08-01,2002-08-01,Read twice and referred to the Committee on Finance. (consideration: CR S7945-7946),Senate,"Sen. Lieberman, Joseph I. [D-CT]",CT,D,L000304,1,"Rank and File Stock Option Act of 2002 - Amends the Internal Revenue Code to reduce the deduction allowed for granting stock options if the total number of shares in a firm which may be acquired by highly compensated employees pursuant to options exceeds 50 percent of the aggregate share amount. Negates the deduction if: (1) the total number of shares which may be acquired by one highly compensated employee pursuant to options exceeds five percent of the aggregate share amount; or (2) the total number of shares available to covered employees pursuant to options exceeds 15 percent of the aggregate share amount. Allows an exception to the negation provisions if a taxpayer grants an equal number of identical options to every employee. Counts all members of an affiliated group of corporations as one taxpayer.Directs the Securities and Exchange Commission to finalize rules pursuant to the Securities Exchange Act of 1934 to ensure that: (1) shareholder approval is required for stock option plans and grants and other equity interests; and (2) prior to submission of such plans to shareholders for approval, detailed information about the plans is given.Authorizes shareholder approval rules to exempt from the shareholder approval provisions of this Act: (1) certain stock option grants to individual employees; and (2) stock option plans and grants issued by small businesses or by additional small issuers as approved by the Commission.Directs the Commission to conduct an analysis of, and make regulatory and legislative recommendations on, the need for new stock holding period requirements for senior executives.",2026-02-10T13:37:26Z,https://www.congress.gov/bill/107th-congress/senate-bill/2877
107-s-2885,107,s,2885,Wire Transfer Fairness and Disclosure Act of 2002,Finance and Financial Sector,2002-08-01,2002-08-01,"Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S7952)",Senate,"Sen. Corzine, Jon S. [D-NJ]",NJ,D,C001042,1,"Wire Transfer Fairness and Disclosure Act of 2002 - Amends the Electronic Fund Transfer Act to require that the following disclosures be prominently displayed on the premises of a money transmitting business which initiates an international money transfer for a consumer: (1) the exchange rate used in connection with such transaction; (2) the exchange rate prevailing at a major financial center of the foreign country whose currency is involved in the transaction; (3) all commissions and fees charged in connection with such transaction; and (4) the exact amount of foreign currency to be received by the recipient in the foreign country, which shall be disclosed to the consumer before the transaction is consummated.Requires further that such disclosures be prominently revealed in advertisements and receipts used by the business, and in the same language as that principally used by the business to advertise, solicit, or negotiate, at that office, if other than English.",2026-02-10T13:37:26Z,https://www.congress.gov/bill/107th-congress/senate-bill/2885
107-s-2820,107,s,2820,"A bill to increase the priority dollar amount for unsecured claims, and for other purposes.",Finance and Financial Sector,2002-07-30,2002-07-30,Read twice and referred to the Committee on the Judiciary. (text of measure as introduced: CR S7581),Senate,"Sen. Carnahan, Jean [D-MO]",MO,D,C001043,3,"Amends Federal bankruptcy law to increase from $4,650 to $13,500 the maximum amount of a claim to recover employee wages and benefits that has priority ranking among unsecured creditor claims.Authorizes the bankruptcy court to avoid any transfer of compensation paid to an employee, officer, or member of the board of directors of a debtor in the 90 days preceding the bankruptcy petition date if the court finds that the compensation is either out of the ordinary course of business, or that it constitutes unjust enrichment.",2025-07-21T19:32:26Z,https://www.congress.gov/bill/107th-congress/senate-bill/2820
107-s-2822,107,s,2822,Prevention of Stock Option Abuse Act,Finance and Financial Sector,2002-07-30,2002-07-30,"Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.",Senate,"Sen. Wyden, Ron [D-OR]",OR,D,W000779,0,"Prevention of Stock Option Abuse Act - Instructs the Securities and Exchange Commission to promulgate stock option rules requiring a publicly traded corporation to: (1) obtain prior shareholder approval of stock option compensation plans; and (2) issue to directors or executive officers stock options that have a minimum five-year vesting period.Mandates that such rules also: (1) stagger both the percentage of company stock sold by a director or executive officer and the time periods within which it may be sold; and (2) require quarterly corporate filings to include the total quantity of outstanding stock options held by senior management and staff, as well as a stock option status report.",2025-08-19T17:31:15Z,https://www.congress.gov/bill/107th-congress/senate-bill/2822
107-s-2798,107,s,2798,Employee Abuse Prevention Act of 2002,Finance and Financial Sector,2002-07-25,2002-07-25,Read twice and referred to the Committee on the Judiciary.,Senate,"Sen. Durbin, Richard J. [D-IL]",IL,D,D000563,4,"Employee Abuse Prevention Act of 2002 - Amends the Federal bankruptcy code to authorize the bankruptcy trustee to avoid fraudulent transfers and obligations of the debtor: (1) made within four years (currently one year) before the bankruptcy filing date; and (2) if the debtor was insolvent on the date or became insolvent as a result of an excess benefit transfer or an excess benefit obligation incurred to an insider, general partner, or other affiliate.Authorizes the court to recharacterize a transaction as a secured loan if its material characteristics are substantially similar to those of a secured loan.Permits the bankruptcy trustee to avoid transfers of property or obligations of the debtor that are voidable by a good faith purchaser that gave value in reliance on incorrect information contained in any public registry of security interests or liens.Prohibits retention bonuses and severance pay made for the benefit of an insider of the debtor unless certain requirements are met.Allows as a fourth priority any unsecured claim with respect to a right or interest in equity securities of the debtor, or an affiliate of the debtor, that are held in an employee pension plan, without regard to when services were rendered or limitation in amount, and measured by the market value of the stock at the time the stock was contributed to, or purchased by, the plan.Increases from $4,000 to $13,500 the maximum aggregate claim amount to recover employee wages and benefits that have priority ranking among unsecured creditor claims.Includes as an administrative expense with first priority status any claim arising out of the breach of any fiduciary duty regarding an employee pension plan maintained by the debtor.Directs the court to order reinstatement of retiree benefits if it finds that they were modified in contemplation of bankruptcy and were not essential to the viability of debtor's business.",2025-08-19T17:31:40Z,https://www.congress.gov/bill/107th-congress/senate-bill/2798
107-s-2772,107,s,2772,American 5-Cent Coin Design Continuity Act of 2002,Finance and Financial Sector,2002-07-23,2002-07-23,"Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.",Senate,"Sen. Allen, George [R-VA]",VA,R,A000121,0,"American 5-Cent Coin Design Continuity Act of 2002 - Authorizes the Secretary of the Treasury to change the design on the obverse and the reverse of the 5-cent coin for coins issued in 2003, 2004, and 2005 in commemoration of the bicentennial of the Louisiana Purchase.Amends Federal law governing coins and currency to mandate that: (1) the obverse of any 5-cent coin issued after December 31, 2005, bear an image of Thomas Jefferson; and (2) the reverse of any such coin bear an image of the home of Thomas Jefferson at Monticello.Establishes the Coin Design Advisory Committee to advise the Secretary on: (1) design proposals relating to circulating coinage and numismatic items, including congressional gold medals; and (2) any other issues relating to items produced by the U.S. Mint that the Secretary may request.",2025-08-19T17:29:48Z,https://www.congress.gov/bill/107th-congress/senate-bill/2772
107-s-2760,107,s,2760,Stock Option Fairness and Accountability Act,Finance and Financial Sector,2002-07-19,2002-07-19,"Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.",Senate,"Sen. Enzi, Michael B. [R-WY]",WY,R,E000285,9,"Stock Option Fairness and Accountability Act - Instructs the Securities and Exchange Commission to analyze, and report recommendations to certain congressional committees on, the accounting treatment of stock options including: (1) the adequacy of current disclosure requirements to investors and shareholders on stock options; (2) the adequacy of corporate governance requirements, including shareholder approval of stock option plans; and (3) the accuracy of available stock option pricing models.",2025-08-19T17:28:42Z,https://www.congress.gov/bill/107th-congress/senate-bill/2760
107-s-2724,107,s,2724,"A bill to provide regulatory oversight over energy trading markets and metals trading markets, and for other purposes.",Finance and Financial Sector,2002-07-11,2002-07-11,"Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.",Senate,"Sen. Feinstein, Dianne [D-CA]",CA,D,F000062,10,"Amends the Commodity Exchange Act to instruct the Commodities Futures Trading Commission (CFTC) and the Federal Energy Regulatory Commission (FERC) to maintain a liaison with one another.Places transactions in certain energy or metal commodities within the regulatory and enforcement framework governing futures trading and foreign transactions (including a proscription against market price manipulation of any commodity in either interstate commerce or on the contract market for future delivery).Places electronic trading facilities (bilateral dealer markets) under the regulatory oversight of the CFTC, including filing, recordkeeping, reporting and capital requirements.Prohibits contracts designed to defraud or mislead.Amends the Department of Energy Organization Act to mandate that the following agencies hold quarterly meetings to discuss conditions in energy trading markets and any changes in Federal law needed to regulate them: FERC, CFTC, the Securities Exchange Commission, the Federal Trade Commission and the Federal Reserve Board.",2025-01-14T16:41:20Z,https://www.congress.gov/bill/107th-congress/senate-bill/2724
107-s-2673,107,s,2673,Public Company Accounting Reform and Investor Protection Act of 2002,Finance and Financial Sector,2002-06-25,2002-07-15,Returned to the Calendar. Calendar No. 442.,Senate,"Sen. Sarbanes, Paul S. [D-MD]",MD,D,S000064,0,"Public Company Accounting Reform and Investor Protection Act of 2002 - Title I: Public Company Accounting Oversight Board - Establishes the Public Company Accounting Oversight Board to: (1) oversee the audit of public companies that are subject to the securities laws; (2) establish audit report standards and rules; and (2) investigate, inspect, and enforce compliance relating to registered public accounting firms, associated persons, and the obligations and liabilities of accountants.(Sec. 101) Prohibits Board membership from including more than two certified public accountants.(Sec. 102) Mandates registration with the Board by any public accounting firm that performs or participates in any audit report with respect to any issuer.(Sec. 105) Empowers the Board to impose disciplinary or remedial sanctions upon registered public accounting firms and their associated persons who are in violation of this Act, including the securities laws relating to the preparation and issuance of audit reports and the obligations and liabilities of accountants with respect to them.Restricts liability to intentional conduct, or repeated instances of negligent conduct.Authorizes Board sanctions upon a registered accounting firm or its supervisory personnel for failure to supervise.(Sec. 106) Places within the purview of this Act: (1) foreign public accounting firms that prepare or furnish an audit report with respect to any issuer; and (2) audit workpapers.(Sec. 107) Grants the Securities and Exchange Commission (SEC) general oversight of the Board and the power to review Board actions, including general modification and rescission of Board authority.(Sec. 108) Amends the Securities Act of 1933 to: (1) authorize the SEC to recognize, as ""generally accepted"" for purposes of the securities laws, any accounting principles established by a standard setting body; and (2) direct the SEC to study and report to Congress on the adoption by the U.S. financial reporting system of a principles-based accounting system.Title II: Auditor Independence - Amends the Securities Exchange Act of 1934 to prohibit a registered public accounting firm from performing specified non-audit services contemporaneously with a mandatory audit. Requires preapproval for non-audit services not expressly forbidden by statute.(Sec. 203) Mandates: (1) audit partner rotation on a five-year basis; and (2) auditor reports to audit committees of the issuer.(Sec. 206) Prohibits a registered public accounting firm from performing statutorily mandated audit services for an issuer if the issuer's senior management officials had been employed by such firm and participated in the audit of that issuer during the one-year period preceding the audit initiation date.(Sec. 209) States that it is the intention of this Act that, in supervising nonregistered public accounting firms and their associated persons, appropriate State regulatory authorities should make an independent determination of the proper standards applicable, particularly taking into consideration the size and nature of the business of the accounting firms they supervise.Title III: Corporate Responsibility - Vests the audit committee of an issuer with responsibility for the appointment, compensation, and oversight of any registered public accounting firm employed to perform audit services. Requires committee members to be a member of the board of directors of the issuer, and to be otherwise be independent.(Sec. 302) Requires the chief executive officer and chief financial officer of an issuer to: (1) certify that periodic financial statements filed with the SEC fairly present, in all material respects, the operations and financial condition of the issuer; and (2) forfeit certain bonuses and compensation received following an issuer's accounting restatement owing to noncompliance with securities laws.(Sec. 305) Authorizes a court to prohibit a violator of certain SEC rules from serving as an officer or director of an issuer if the person's conduct demonstrates unfitness to serve (the current standard is ""substantial unfitness"").(Sec. 306) Prohibits insider trades during pension fund blackout periods. States that profits realized from such trades shall inure to and be recoverable by the issuer irrespective of the intent of the parties to the transaction.Title IV: Enhanced Financial Disclosures - Instructs the SEC to require by rule: (1) disclosure of all material off-balance sheet transactions and relationships that may have a material effect upon the financial status of an issuer; and (2) the presentation of pro forma financial information in a manner that is not misleading, and which is reconcilable with the financial condition of the issuer under generally accepted accounting principles.(Sec. 401) Directs the SEC to study and report to Congress on: (1) the extent of off-balance sheet transactions and the use of special purpose entities; and (2) whether generally accepted accounting rules result in financial statements that reflect the economics of such off-balance sheet transactions in a transparent fashion to investors; and (3) the extent to which special purpose entities are used to facilitate off-balance sheet transactions.(Sec. 402) Prohibits a corporation from making personal loans to its corporate executives. Cites exceptions for home improvement and manufactured home loans made in the ordinary course of the consumer credit business of such issuer and made on terms that are no more favorable than those offered to the general public.(Sec. 403) Reduces the mandatory period for principal stockholders or senior executives to disclose changes in ownership of securities or security-based swap agreements to two business days after changes were executed (presently ten days after the close of a calendar month). Includes electronic filing within such mandate to disclose.(Sec. 404) Directs the SEC to prescribe rules mandating inclusion of an internal control report and assessment within requisite annual reports. Requires a public accounting firm that issues the audit report to attest to, and report on, the assessment made by corporate management.(Sec. 406) Directs the SEC to issue rules requiring a code of ethics for senior financial officers of an issuer applicable to the principal financial officer, comptroller or principal accounting officer.(Sec. 407) Sets a deadline for the SEC to promulgate rules mandating issuer disclosure whether its audit committee comprises at least one member who is a financial expert.Title V: Analyst Conflicts of Interest - Requires the SEC to adopt rules governing securities analysts' potential conflicts of interest, including: (1) restricting the prepublication clearance or approval of research reports by persons either engaged in investment banking activities, or not directly responsible for investment research; (2) limiting the supervision and compensatory evaluation of securities analysts to officials who are not engaged in investment banking activities; (3) prohibiting  a broker or dealer involved with investment banking activities from retaliating  against a securities analyst as a result of an unfavorable research report that may adversely affect the investment banking relationship of the broker or dealer with the subject of the research report; and (4) establishing safeguards to assure that securities analysts are separated within the investment  firm from the review, pressure, or oversight of those whose involvement in investment banking activities might potentially bias their judgment or supervision.Directs  the SEC to adopt rules requiring securities analysts and broker/dealers to disclose specified conflicts of interest.Title VI: Commission Resources and Authority - Authorizes appropriations for FY 2003 to the SEC for: (1) additional compensation, salaries and benefits; (2) enhanced oversight of auditors and audit services; and (3) additional professional staff for fraud prevention, risk management, market regulation, and investment management.(Sec. 602) Grants the SEC censure authority in connection with appearance and practice before the Commission. Sets forth rules of professional responsibility for attorneys representing public companies before the SEC, including: (1) requiring an attorney to report evidence of a material violation of securities law or breach of fiduciary duty to the chief legal counsel or the chief executive officer of the company; and (2) if corporate executives do not respond appropriately, requiring the attorney to report to the audit committee of the board of directors.(Sec. 603) Amends the Securities Exchange Act of 1934 and the Securities Act of 1933 to grant Federal court authority to prohibit specified brokers, dealers, or issuers from participating in offerings of penny stock.(Sec. 604) Amends the Securities Exchange Act of 1934 and the Investment Advisers Act of 1940 to authorize SEC censure or restriction of associated persons of brokers and dealers who are subject to any final order of certain State regulatory entities barring them from engaging in the business under their regulatory purviews.Title VII: Studies and Reports - Mandates studies and reports to Congress by: (1) the Comptroller General regarding the consolidation of public accounting firms, and the impact upon the capital formation and securities markets; and (2) the SEC regarding the role and function of credit rating agencies in the operation of the securities market.Title VIII: Corporate and Criminal Fraud Accountability - Corporate and Criminal Fraud Accountability Act of 2002 - Amends Federal criminal law to prohibit: (1) knowingly destroying, altering, concealing, or falsifying records with the intent to obstruct or influence an investigation in a matter in Federal jurisdiction or in bankruptcy; and (2) auditor failure to maintain for a five-year period all audit or review work papers pertaining to an issuer of securities. Directs the SEC to promulgate regulations regarding the retention of audit records containing conclusions, opinions, analyses, or financial data.(Sec. 803) Amends Federal bankruptcy law to make non-dischargeable in bankruptcy certain debts that result from a violation relating to Federal or State securities law, or of common law fraud pertaining to securities sales or purchases.(Sec. 804) Amends the Federal judicial code to permit a private right of action for a securities-fraud claim to be brought not later than the earlier of: (1) five years after the date of the alleged violation; or (2) two years after its discovery.(Sec. 805) Directs the United States Sentencing Commission to review and amend Federal sentencing guidelines to ensure that the offense levels, existing enhancements, and/or offense characteristics are sufficient to deter and punish violations involving: (1) obstruction of justice; (2) record destruction; (3) fraud when the number of victims adversely involved is significantly greater than 50 or when it endangers the solvency or financial security of a substantial number of victims; and (4) organizational criminal misconduct.(Sec. 806) Prohibits a  publicly traded company from discharging or otherwise discriminating against an employee because of any lawful act by the employee to: (1) assist in an investigation of prohibited conduct by Federal regulators, Congress, or supervisors; or (2) file or participate in a proceeding relating to fraud against shareholders.Delineates remedies for such aggrieved employee, including reinstatement, back pay, and compensatory damages.(Sec. 807) Subjects to a fine and imprisonment any person who defrauds shareholders of publicly traded companies.Title IX: White-Collar Crime Penalty Enhancements - White-Collar Crime Penalty Enhancement Act of 2002 - Amends Federal criminal law to increase criminal penalties for: (1) conspiracy to commit offense or to defraud the United States, including its agencies; and (2) mail and wire fraud.(Sec. 904) Amends the Employee Retirement Income Security Act of 1974 to increase  the criminal penalties for violations of such Act.(Sec. 905) Directs the United States Sentencing Commission to review Federal Sentencing Guidelines to: (1) ensure that they reflect the serious nature of the offenses and the penalties set forth in this Act, the growing incidence of serious fraud offenses, and the need to deter and punish such offenses; and (2) consider whether a specific offense characteristic should be added in order to provide stronger penalties for fraud committed by a corporate officer or director.(Sec.906) Amends Federal criminal law to require senior corporate officers to certify in writing that financial statements and the disclosures therein fairly present in all material aspects the operations and financial condition of the issuer.Subjects to criminal liability any person who recklessly and knowingly violates such  requirement, including maximum imprisonment of: (1) ten years for willful violation; and (2) five years for reckless and knowing violation.(Sec. 908) Subjects to a maximum ten-year prison term anyone who corruptly tampers with a record with intent to impair the object's integrity or availability for use in an official proceeding, or otherwise impedes an official proceeding.(Sec. 909) Amends the Securities Exchange Act of 1934 to authorize the SEC to seek a temporary injunction to freeze extraordinary payments earmarked for designated persons or corporate staff under investigation for possible violations of Federal securities laws.(Sec. 910) Requests the United States Sentencing Commission to: (1) promptly review sentencing guidelines applicable to securities and accounting fraud; and (2) expeditiously consider promulgation of new sentencing guidelines to provide an enhancement concerning senior corporate officers who commit fraud and related offenses. Prescribes guidelines for Commission consideration, including a request that it ensure that the sentencing guidelines and policy statements reflect the serious nature of securities, pension, and accounting fraud and the need for aggressive and appropriate law enforcement action to prevent such offenses. Sets a deadline for promulgation of such guidelines.(Sec. 911) Amends the Securities Exchange Act of 1934 and the Securities Act of 1933 to authorize the SEC to prohibit a violator of rules governing manipulative and deceptive devices, and fraudulent interstate transactions, respectively,  from serving as officer or director of a publicly traded corporation if such person's conduct demonstrates unfitness to serve.Title X: Corporate Tax Returns - Expresses the sense of the Senate that the Federal income tax return of a corporation should be signed by the chief executive officer of such corporation.",2025-04-07T13:39:20Z,https://www.congress.gov/bill/107th-congress/senate-bill/2673
107-s-2600,107,s,2600,Terrorism Risk Insurance Act of 2002,Finance and Financial Sector,2002-06-07,2002-07-25,See also H.R. 3210.,Senate,"Sen. Dodd, Christopher J. [D-CT]",CT,D,D000388,6,"Terrorism Risk Insurance Act of 2002 - Establishes in the Department of the Treasury the Terrorism Insured Loss Shared Compensation Program, administered by the Secretary of the Treasury, who shall have general Program authorities and pay the Federal share of compensation for insured losses.(Sec. 4) Prescribes guidelines for: (1) mandatory insurance company participation in the Program; and (2) mandatory availability of property and casualty insurance for insured losses that does not differ materially from coverage limitations applicable to losses arising from events other than terrorism.Predicates Program participation by certain governmental or quasi-governmental entities upon a determination made by the Secretary before the occurrence of an act of terrorism in which the entity incurs an insured loss.Sets forth a formula for shared insurance loss coverage that includes: (1) a Federal share of compensation that is either 80 percent of aggregate insured losses of less than $10 billion, or 90 percent of aggregate insured losses that exceed $10 billion; and (2) a cap on the annual liability of the Federal share of compensation.Denies judicial review of the Secretary's determination.(Sec. 6) Terminates the Program one year after the date of enactment. Prescribes conditions for Program extension.Expresses the sense of Congress that the Secretary should make any determination regarding either Program extension or termination in sufficient time to enable participating insurance companies to include coverage for acts of terrorism in their policies for the second year of the Program, if extended.Mandates studies and reports to Congress on: (1) insurance coverage availability coupled with insurance industry capacity to absorb future losses resulting from acts of terrorism taking into account profitability; (2) the potential effects of acts of terrorism on the availability of life insurance and other insurance coverage; and (3) terrorism risk insurance premium rates charged by participating insurance companies for insured losses.(Sec. 8) Expresses the sense of the Congress that the insurance industry should build capacity and aggregate risk to provide affordable property and casualty insurance coverage for terrorism risk.(Sec. 9) Authorizes appropriations.(Sec. 10) Establishes a Federal cause of action for property damage, personal injury, or death arising out of or resulting from an act of terrorism which shall preempt State action, and which shall be the exclusive cause of action and remedy for claims (except for claims against terrorists or aiders and abettors, including governments and other entities).(Sec. 11) Provides for satisfaction of judgments from frozen assets of terrorists, terrorist organizations, and state sponsors of terrorism. Exempts certain property subject to the Vienna Convention on Diplomatic Relations or the Vienna Convention on Consular Relations.Amends the Victims of Trafficking and Violence Protection Act of 2000 to set forth a special rule for cases against Iran with respect to distribution of foreign military sales funds inadequate to satisfy the amount of compensatory awards against Iran.",2025-04-07T13:39:20Z,https://www.congress.gov/bill/107th-congress/senate-bill/2600
107-s-2594,107,s,2594,Support of American Eagle Silver Bullion Program Act,Finance and Financial Sector,2002-06-06,2002-07-23,Became Public Law No: 107-201.,Senate,"Sen. Reid, Harry [D-NV]",NV,D,R000146,5,Support of American Eagle Silver Bullion Program Act - Requires the Secretary of the Treasury to obtain silver from other available sources when the United States silver stockpile is depleted. Prohibits the Secretary from paying more than the average world price for silver under any circumstances.,2026-02-10T13:37:26Z,https://www.congress.gov/bill/107th-congress/senate-bill/2594
107-s-2460,107,s,2460,Shareholder Bill of Rights Act,Finance and Financial Sector,2002-05-06,2002-05-06,"Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.",Senate,"Sen. Levin, Carl [D-MI]",MI,D,L000261,0,"Shareholder Bill of Rights Act - Amends the Securities Act of 1933 to authorize the Securities and Exchange Commission (SEC) to: (1) delegate its authority to issue financial accounting and reporting standards to an independent, nongovernmental organization (such as the Financial Accounting Standards Board); and (2) require issuers to comply with the standards issued by such organization.Prescribes guidelines to ensure an independent source of funding for such organization.Mandates that at least one third of the organization's appointed members: (1) represent investors and the public interest; and (2) have not recently been employed by or associated with a public accounting firm or issuer.Amends the Securities Exchange Act of 1934 to impose upon independent public accountants a two-year ban regarding: (1) self audits if an accountant performs non-audit services for an issuer of a publicly traded security; (2) contemporaneous non-auditing services if the accountant audits and certifies a financial document; and (3) acceptance of any directorship, employment, or contract for services if the accountant participates personally and substantially in an audit leading to the certification of a financial document of an issuer of a publicly traded security (issuer).Requires such issuers to provide all material information during the conduct of an audit. Declares it is unlawful for any director, officer, or affiliated person of such issuers to improperly influence, coerce, manipulate, or mislead any independent public accountant who audits a financial statement or report of such issuer.Prescribes oversight guidelines to be exercised by such issuer's audit committee or its board of directors.Permits certain three-percent beneficial shareholders to include their own proposals within proxy statements provided to security holders of an issuer.Mandates SEC regulations to: (1) require prior shareholder approval of stock option compensation plans that do not treat such options as an expense for the purpose of ascertaining income, profit, or loss in the financial documents of the issuer; (2) ban preferential treatment of directors or officers after or in anticipation of a declaration of bankruptcy by an issuer; and (3) require prompt public disclosure of loans and loan terms made by an issuer to an officer or director.Mandates director disclosure of items of value received by the director or the director's family.",2025-08-19T17:29:02Z,https://www.congress.gov/bill/107th-congress/senate-bill/2460
107-s-2438,107,s,2438,Predatory Lending Consumer Protection Act of 2002,Finance and Financial Sector,2002-05-01,2002-05-01,"Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.",Senate,"Sen. Sarbanes, Paul S. [D-MD]",MD,D,S000064,15,"Predatory Lending Consumer Protection Act of 2002 - Amends the Truth in Lending Act guidelines for certain credit transactions secured by the consumer's principal dwelling (high-cost mortgage).Requires additional disclosures that the consumer is contracting to pay a much higher loan than most people pay. Specifies additional prohibitions against prepayment penalties, except in certain circumstances. Prohibits all balloon payments. Prohibits the terms of a high-cost mortgage from including advance collection of a premium on a single premium basis for specified credit insurance products.Restricts the amount of points and fees which a creditor may finance in connection with a high-cost mortgage. Prohibits certain creditors from financing the prepayment fees or penalties due from the consumer.Prohibits a high-cost mortgage creditor from engaging in specified practices, including requiring arbitration or any other nonjudicial procedure as a method for resolving any controversy or claims arising from the transaction.Declares a consumer's waiver of the right of rescission ineffective if the creditor either advised, or encouraged such waiver, or required it as a precondition for a transaction.Amends the Fair Credit Reporting Act to mandate that each high-cost mortgage creditor (including the successor creditor) report the debtor's complete payment history to certain consumer reporting agencies in accordance with specified regulations.",2025-08-19T17:32:24Z,https://www.congress.gov/bill/107th-congress/senate-bill/2438
107-s-2247,107,s,2247,Truth in Auditing Act of 2002,Finance and Financial Sector,2002-04-24,2002-04-24,"Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.",Senate,"Sen. Durbin, Richard J. [D-IL]",IL,D,D000563,0,"Truth in Auditing Act of 2002 - Instructs the Securities and Exchange Commission (SEC) to designate an Independent Public Accounting Oversight Board (Board) as a private, self-regulatory entity, subject to SEC oversight, and which shall not be a Federal agency or instrumentality. Limits certified public accountant membership on such Board to two out of the five members.Identifies Board duties as : (1) the establishment and enforcement of auditor quality control, independence, and auditing standards; and (2) the conduct of a continuing program of inspections to assess compliance with this Act by each registered public accounting firm.Grants the SEC general oversight and enforcement authority over the Board, including abrogation and amendatory authority over any Board rule or disciplinary action. Mandates prior SEC approval of any Board ruling.Empowers the SEC to censure the Board, impose sanctions upon it and to rescind its authority, as well as remove Board members.Mandates registration of public accounting firms with the Board.Prescribes auditor independence rules. Prescribes guidelines for Board investigations and disciplinary proceedings, including assessment of civil money penalties.Places foreign public accounting firms within the purview of this Act.Requires certain corporate officers to certify and sign the periodic financial statements filed under this Act and transmitted to shareholders.",2026-02-10T13:37:26Z,https://www.congress.gov/bill/107th-congress/senate-bill/2247
107-s-2056,107,s,2056,Integrity in Auditing Act of 2002,Finance and Financial Sector,2002-03-21,2002-03-21,"Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.",Senate,"Sen. Nelson, Bill [D-FL]",FL,D,N000032,1,"Integrity in Auditing Act of 2002 - Amends the Securities Exchange Act of 1934 to prohibit an independent public accountant from providing: (1) management consulting or any other non-audit-related services during the same calendar year in which it provides auditing services; (2) any service that could either result in a potential conflict of interest, or impair auditor independence; or (3) auditing or related services for an issuer for more than seven consecutive years.Bars an independent public accountant from employment in a management or other policymaking position for an issuer for whom that accountant (or affiliated person) has provided auditing services during the one-year period preceding the date of employment. Permits the performance, however, of tax consulting services contemporaneously with any auditing or related service.Directs the Securities and Exchange Commission to require: (1) issuer disclosure of the nature, extent, and duration of interrelationships between the issuer and the board of directors, senior officers of the corporation, and immediate family members; and (2) the audit committee and compensation committee of an issuer to consist solely of independent directors.Expresses the sense of the Senate that: (1) tough enforcement, including criminal prosecution whenever possible, is the most effective deterrent to fraudulent activity; and (2) the Commission should take a firm, swift approach to wrongdoers.",2025-08-19T17:32:29Z,https://www.congress.gov/bill/107th-congress/senate-bill/2056
107-s-2004,107,s,2004,Investor Confidence in Public Accounting Act of 2002,Finance and Financial Sector,2002-03-08,2002-03-08,"Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.",Senate,"Sen. Dodd, Christopher J. [D-CT]",CT,D,D000388,4,"Investor Confidence in Public Accounting Act of 2002   Directs the Securities and Exchange Commission (SEC) to designate an Independent Public Accounting Board (IPAB), subject to SEC oversight, which shall exercise regulatory jurisdiction over public accounting firms.Directs IPAB to: (1) establish and enforce auditor quality control and auditing standards to be used by registered independent public accounting firms (RIPA firm); (2) assess periodically RIPA firm compliance; and (3) establish record retention criteria.Amends the Securities Exchange Act of 1934 to prohibit RIPA firms from conducting specified non-audit services for a securities issuer contemporaneously with either: (1) auditing the issuer; or (2) receiving general revenues from it.Prohibits a RIPA firm from performing auditing services for an issuer if any management-level personnel of that issuer had been an employee of the RIPA during the 2-year period preceding such audit (thereby preventing revolving-door conflicts-of-interest).Sets forth procedures for: (1) mandatory registration of RIPA firms with IPAB; and (2) IPAB investigations and disciplinary proceedings.Directs the SEC to recognize generally accepted accounting principles established by a U.S. standard setting body that meets prescribed criteria.Makes it unlawful for any officer, director, or affiliated person of an issuer registered with the SEC to make material misrepresentations to a RIPA.Increases the number of SEC professional accountant positions to provide enhanced oversight of auditors and auditing services.Instructs the SEC to require issuers to submit periodic financial disclosures pertaining to transactions and relationships: (1) likely to expose the issuer to liability or impaired financial status; and (2) necessary for an understanding of their business purpose and economic substance.Mandates prompt electronic disclosure of affiliate transactions.Directs the SEC to submit recommendations to IPAB regarding: (1) the treatment of stock options; and (2) the consolidation and disclosure of special purpose entities and similar types of affiliates or related parties under IPAB accounting standards.",2025-08-19T17:31:24Z,https://www.congress.gov/bill/107th-congress/senate-bill/2004
107-s-1985,107,s,1985,Microcap Fraud Prevention Act of 2001,Finance and Financial Sector,2002-03-05,2002-03-05,"Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.",Senate,"Sen. Collins, Susan M. [R-ME]",ME,R,C001035,0,"Microcap Fraud Prevention Act of 2001 - Amends the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, and the Investment Company Act of 1940 to direct the Securities and Exchange Commission (SEC) to enjoin the activities of any broker, dealer, or investment adviser who: (1) is subject to an SEC order barring or suspending such person's right to be associated with a broker or dealer; (2) has been found by a foreign financial regulatory authority to have violated foreign statutes or regulations governing transactions in securities, banking, and insurance; (3) failed reasonably to supervise with a view to preventing securities, banking, or insurance violations; or (4) is subject to any order of a State regulatory authority  barring such person from either engaging in the business of securities, insurance, or banking, or from association with an entity engaged in such businesses. Includes both municipal, and government securities dealers and brokers within the sweep of such regulation.Amends the Securities Exchange Act of 1934 to: (1) extend the penny stock bar to any noncovered security; and (2) make it unlawful for any person who is the subject of certain enforcement sanctions to serve as officer, director, or participant in any offering involving a noncovered security.Authorizes a court to prohibit violators of certain SEC anti-fraud rules from participating in an offering of a noncovered security.Bars persons subject to specified court orders from serving as officers, directors, or participants in any offering involving a noncovered security.",2025-08-19T17:29:56Z,https://www.congress.gov/bill/107th-congress/senate-bill/1985
107-s-1945,107,s,1945,Safe and Fair Deposit Insurance Act of 2002,Finance and Financial Sector,2002-02-14,2002-02-14,"Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.",Senate,"Sen. Johnson, Tim [D-SD]",SD,D,J000177,18,"Safe and Fair Deposit Insurance Act of 2002 - Mandates that the Bank Insurance Fund and the Savings Association Insurance Fund be merged into the Deposit Insurance Fund (DIF) established by this Act.Amends the Federal Deposit Insurance Act (FDIA) to establish the DIF. Mandates that all assessments against insured depository institutions by the Federal Deposit Insurance Corporation (FDIC) be deposited into the DIF.Authorizes the Federal Deposit Insurance Corporation (FDIC) to borrow from the Federal home loan banks funds necessary for DIF use.Deposit Insurance Reform Act of 2002 - Amends the FDIA to: (1) prohibit an undercapitalized insured depository institution from accepting employee benefit plan deposits; (2) increase the amount of Federal insurance coverage (including an inflation adjustment); and (3) include retirement accounts and municipal deposits within such coverage.Requires the FDIC Board of Directors, before the beginning of each calendar year, to designate the reserve ratio applicable to the DIF.Prohibits the Board from modifying its information collection requirements if such modification is done solely to change assessment risk classifications and results in placing greater regulatory or reporting burdens upon an insured depository institution.Allows credits based upon past contributions to the DIF.",2025-08-19T17:29:01Z,https://www.congress.gov/bill/107th-congress/senate-bill/1945
107-s-1933,107,s,1933,Investor Protection Act of 2002,Finance and Financial Sector,2002-02-12,2002-02-12,"Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S661-662)",Senate,"Sen. Shelby, Richard C. [R-AL]",AL,R,S000320,1,"Investor Protection Act of 2002 - Amends the Securities Exchange Act of 1934 regarding liability standards in private securities litigation to repeal: (1) the scienter requirement limiting joint and several liability for damages to covered persons who knowingly committed a violation of the securities laws; and (2) the allowance of proportionate liability, under which a covered person is liable solely for the portion of a judgment that corresponds to the person's percentage of responsibility for a securities violation. (Thus makes any covered person against whom a final judgment is entered in private securities litigation liable for one hundred percent of damages jointly and severally, even if the securities violation was not committed knowingly.)Deems any person that recklessly provides substantial assistance to (aids or abets) another person in violation of Federal securities laws to be in violation of such laws to the same extent as the person to whom such assistance is provided.Establishes a statute of limitations for an implied private right of action of: (1) five years after an alleged violation occurred; or (2) three years after it was discovered.Repeals the prohibition against all but specified types of private class actions alleging either misrepresentation or omission of a material fact or manipulative or deceptive practices in connection with securities sales or purchases (thus permitting private class actions without limitation).",2025-08-19T17:31:42Z,https://www.congress.gov/bill/107th-congress/senate-bill/1933
107-s-1895,107,s,1895,Independent Investment Advisers Act of 2002,Finance and Financial Sector,2002-01-24,2002-01-24,"Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S101)",Senate,"Sen. Fitzgerald, Peter [R-IL]",IL,R,F000442,1,"Independent Investment Advisers Act of 2002 - Amends the Investment Advisers Act of 1940 to mandate that investment advisers who publish any analysis or report regarding a company or its securities, make public disclosure regarding their ties to issuers of securities, including any: (1) compensation; (2) mergers or acquisition transactions handled during the past five years involving any debt or equity of such company; and (3) personal debt or equity holdings in such securities company of the adviser or an associated person.",2025-08-19T17:33:09Z,https://www.congress.gov/bill/107th-congress/senate-bill/1895
107-s-1896,107,s,1896,Auditor Independence Act of 2002,Finance and Financial Sector,2002-01-24,2002-01-24,"Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.",Senate,"Sen. Boxer, Barbara [D-CA]",CA,D,B000711,0,Auditor Independence Act of 2002 - Amends the Securities Exchange Act of 1934to provide that an independent public accountant who performs auditing or related services for a client is prohibited from also providing to such client during the calendar year in which such services are performed: (1) management consulting services; (2) any other service that is not related to the audit; or (3) any other service that could result in a potential conflict of interest or otherwise impair auditor independence.,2025-08-19T17:31:12Z,https://www.congress.gov/bill/107th-congress/senate-bill/1896
107-s-1897,107,s,1897,Fully Informed Investor Act of 2002,Finance and Financial Sector,2002-01-24,2002-01-24,"Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.",Senate,"Sen. Carnahan, Jean [D-MO]",MO,D,C001043,5,"Fully Informed Investor Act of 2002 - Declares that any disclosure required by the Securities and Exchange Commission of the sale of any securities by an affiliated person of the issuer of those securities shall be made available in electronic form: (1) to the Commission by the affiliated person before the end of the calendar day on which the transaction occurs; (2) to the public by the Commission no later than the end of the business day on which the disclosure is received; and (3) in any case in which the issuer maintains a corporate website that is accessible only internally, on that internal website before the end of the calendar day on which the transaction occurs.",2025-08-19T17:31:46Z,https://www.congress.gov/bill/107th-congress/senate-bill/1897
107-s-1876,107,s,1876,"Holocaust Victims' Assets, Restitution Policy, and Remembrance Act",Finance and Financial Sector,2001-12-20,2001-12-20,"Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.",Senate,"Sen. Clinton, Hillary Rodham [D-NY]",NY,D,C001041,9,"Holocaust Victims' Assets, Restitution Policy, and Remembrance Act - Establishes the National Foundation for the Study of Holocaust Assets as an independent entity of the Executive branch to: (1) serve as a centralized repository for research and information about Holocaust-era assets; and (2) create tools to assist individuals and institutions to determine the ownership of Holocaust victims' assets and to enable claimants to obtain the speedy resolution of their personal property claims.",2025-08-19T17:29:33Z,https://www.congress.gov/bill/107th-congress/senate-bill/1876
107-s-1835,107,s,1835,"A bill to amend the Federal Deposit Insurance Act to clarify what lending entities are subject to section 44(f) of that Act, and for other purposes.",Finance and Financial Sector,2001-12-18,2001-12-18,"Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.",Senate,"Sen. Lincoln, Blanche L. [D-AR]",AR,D,L000035,0,"Amends the Federal Deposit Insurance Act regarding interstate bank mergers to subject to certain maximum charge limitations any credit sale or other evidence of debt issued to or acquired by any competing lender (currently, any insured depository institution) in a State that has a constitutional provision specifying the maximum lawful annual percentage rate of interest on a contract at no more than five percent above the discount rate for 90-day commercial paper in effect at the Federal reserve bank for the Federal reserve district in which the State is located. Includes in the meaning of competing lender not only insured depository institutions but also any person or entity engaged in the business of selling or financing the sale of property or services.States that the authority of any competing lender to take, receive, reserve, or charge interest on any loan or credit sale remains unaffected in States other than the State with such constitutional provision.",2025-01-14T18:20:21Z,https://www.congress.gov/bill/107th-congress/senate-bill/1835
107-s-1839,107,s,1839,Community Choice in Real Estate Act,Finance and Financial Sector,2001-12-18,2001-12-18,"Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S13466-13467)",Senate,"Sen. Allard, Wayne [R-CO]",CO,R,A000109,14,"Community Choice in Real Estate Act - Amends the Bank Holding Company Act of 1956 and the Revised Statutes of the United States to prohibit the Board of Governors of the Federal Reserve System and the Secretary of the Treasury, respectively, from making a determination that real estate brokerage activity or real estate management activity is an activity that is either financial in nature or incidental to any financial activity, or is complementary to a financial activity.",2025-08-19T17:28:56Z,https://www.congress.gov/bill/107th-congress/senate-bill/1839
107-s-1748,107,s,1748,Terrorism Risk Insurance Act of 2001,Finance and Financial Sector,2001-11-30,2001-12-03,Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 253.,Senate,"Sen. Gramm, Phil [R-TX]",TX,R,G000365,5,"Terrorism Risk Insurance Act of 2001 - Establishes in the Department of the Treasury the Terrorism Insured Loss Shared Compensation Program to the pay the Federal share of compensation for insured losses resulting from an act of terrorism occurring during specified periods through December 31, 2004. Sets forth an annual liability cap.States that this Act: (1) constitutes payment authority in advance of appropriation Acts; and (2) represents the obligation of the Federal Government to provide for the Federal share of compensation for insured losses under such Program.Confers general and administrative authority upon the Secretary of the Treasury to implement the Program, including assessments for civil penalties for violations of this Act.Grants the United States subrogation rights. Sunsets the Program at a specified date subject to a one year extension at the Secretary's discretion.Preserves the jurisdiction and regulatory authority of the State Insurance Commissioners.Expresses the sense of the Congress that the insurance industry should build capacity and aggregate risk to provide affordable property and casualty coverage for terrorism risk.Outlines procedures for civil actions.",2025-08-19T17:30:29Z,https://www.congress.gov/bill/107th-congress/senate-bill/1748
107-s-1751,107,s,1751,Terrorism Risk Insurance Act of 2001,Finance and Financial Sector,2001-11-30,2001-11-30,"Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S12256-12258)",Senate,"Sen. Gramm, Phil [R-TX]",TX,R,G000365,5,See summary of: S. 1748,2025-08-19T17:28:22Z,https://www.congress.gov/bill/107th-congress/senate-bill/1751
107-s-1743,107,s,1743,National Terrorism Reinsurance Fund Act,Finance and Financial Sector,2001-11-29,2002-06-17,Sponsor introductory remarks on measure. (CR S5626-5627),Senate,"Sen. Hollings, Ernest F. [D-SC]",SC,D,H000725,2,"National Terrorism Reinsurance Fund Act - Directs the Secretary of Commerce to establish: (1) a reinsurance program for participating insurers for losses due to acts of terrorism; (2) a National Terrorism Reinsurance Fund (including minimum underwriting standards for participating insurers); and (3) a special committee to monitor terrorism insurance rates.Prescribes guidelines under which the Fund shall provide reinsurance for losses resulting from acts of terrorism covered by reinsurance contracts between the Fund and participating insurers.Requires the Secretary to determine if a loss is attributable to terrorism.Mandates: (1) coverage by property and casualty insurers for acts of terrorism; and (2) State credit for reinsurance obtained by an insurer from the Fund.Exempts the Fund from State, Federal and local taxes; and State laws pertaining to the insurance industry (other than State unfair trade practice laws).",2025-08-19T17:31:24Z,https://www.congress.gov/bill/107th-congress/senate-bill/1743
107-s-1744,107,s,1744,Terrorism Insurance Act,Finance and Financial Sector,2001-11-29,2001-11-29,"Read twice and referred to the Committee on Commerce, Science, and Transportation.",Senate,"Sen. McCain, John [R-AZ]",AZ,R,M000303,0,"Terrorism Insurance Act - Authorizes the Secretary of Commerce to require each commercial insurer to submit to the Secretary or the National Association of Insurance Commissioners (NAIC) a statement specifying the aggregate premium amount of coverage written for properties and persons in the United States under each line of commercial property and casualty insurance sold during specified periods.Directs the Secretary to provide financial assistance to commercial insurers to cover insured losses resulting from acts of terrorism, conditioned upon payment of a terrorism loss repayment surcharge collected by such insurers and remitted to the Secretary.Permits extension of this Act to self-insurance arrangements by municipalities and other public entities.Expresses the sense of Congress that: (1) NAIC, in consultation with the Secretary, should develop appropriate definitions for acts of terrorism and appropriate standards for making determinations regarding such acts; (2) each State should adopt those definitions and standards for purposes of regulating insurance coverage; and (3) after consultation with the NAIC, the Secretary should adopt definitions for acts of terrorism and standards for determinations appropriate for this Act.Expresses the sense of Congress that the States should require separate disclosure by insurance companies of the price of any terrorism coverage, including the costs of any terrorism related assessments or surcharges under this Act.",2025-08-19T17:29:19Z,https://www.congress.gov/bill/107th-congress/senate-bill/1744
107-s-1723,107,s,1723,Protect Victims of Identity Theft Act of 2001,Finance and Financial Sector,2001-11-16,2001-11-16,"Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S12006)",Senate,"Sen. Leahy, Patrick J. [D-VT]",VT,D,L000174,2,"Protect Victims of Identity Theft Act of 2001 - Amends the Fair Credit Reporting Act, with respect to the statute of limitations on actions, to provide that an action to enforce a liability may be brought not later than two years after the date on which the violation is discovered or should have been discovered by the exercise of reasonable diligence.Tolls such limitation period during any period during which a defendant has materially and willfully misrepresented information statutorily required to be disclosed where such misrepresentation is material to establishment of liability.",2026-02-10T13:37:26Z,https://www.congress.gov/bill/107th-congress/senate-bill/1723
107-s-1630,107,s,1630,"A bill to extend for 6 additional months the period for which chapter 12 of title 11, United States Code, is reenacted.",Finance and Financial Sector,2001-11-05,2001-11-08,Placed on Senate Legislative Calendar under General Orders. Calendar No. 218.,Senate,"Sen. Carnahan, Jean [D-MO]",MO,D,C001043,8,"Amends the Omnibus Consolidated and Emergency Supplemental Appropriations Act, 1999 to extend for six additional months (until April 1, 2002) the period for which chapter 12 of the Federal Bankruptcy Code (Adjustments of Debts of a Family Farmer) is reenacted.States that such extension shall take effect on October 1, 2001.",2025-07-21T19:32:26Z,https://www.congress.gov/bill/107th-congress/senate-bill/1630
107-s-1511,107,s,1511,International Money Laundering Abatement and Anti-Terrorist Financing Act of 2001,Finance and Financial Sector,2001-10-09,2001-10-09,Placed on Senate Legislative Calendar under General Orders. Calendar No. 185.,Senate,"Sen. Sarbanes, Paul S. [D-MD]",MD,D,S000064,0,"International Money Laundering Abatement and Anti-Terrorist Financing Act of 2001 - Sunsets this Act after the first day of FY2005 if Congress enacts a specified joint resolution to that effect.Title I: International Counter Money Laundering and Related Measures - Amends Federal law governing monetary transactions to prescribe procedural guidelines under which the Secretary of the Treasury (the Secretary) may require domestic financial institutions and agencies to take specified measures if the Secretary finds that reasonable grounds exist for concluding that jurisdictions, financia1 institutions, types of accounts, or transactions operating outside or within the United States, are of primary money laundering concern. Includes mandatory disclosure of specified information relating to certain correspondent accounts.(Sec. 101) Directs the Secretary to study and report to Congress on: (1) the most timely and effective way to require foreign nationals to provide domestic financial institutions and agencies with information comparable to that required of U.S. nationals in order for those entities to comply with mandated reporting and information gathering; and (2) the need for requiring foreign nationals, before opening an account with a domestic financial institution, to obtain an identification number similar to that required for U.S. citizens through a social security number or tax identification number.(Sec. 102) Mandates  establishment of due diligence mechanisms to detect and report money laundering transactions through private banking accounts and correspondent accounts.(Sec. 103) Prohibits U.S. correspondent accounts with foreign shell banks.(Sec. 104) Instructs the Secretary to adopt regulations to encourage further cooperation among financial institutions, their regulatory authorities, and law enforcement authorities, with the specific purpose of encouraging regulatory authorities and law enforcement authorities to share with financial institutions information regarding individuals, entities, and organizations engaged in or reasonably suspected (based on credible evidence) of engaging in terrorist acts or money laundering activities.(Sec.105) Amends Federal criminal law to include foreign corruption offenses as money laundering crimes.(Sec. 106) Establishes the right of property owners to contest confiscation of property under law relating to confiscation of assets of suspected terrorists.(Sec. 107) Establishes Federal jurisdiction over: (1) foreign money launderers (including their assets held in the United States); and (2) money that is laundered through a foreign bank.(Sec. 109) Authorizes the forfeiture of money laundering funds from interbank accounts. Requires a covered financial institution, upon request of the appropriate Federal banking agency, to make available within 120 hours all pertinent information related to anti-money laundering compliance by the institution or its customer. Grants the Secretary summons and subpoena powers over foreign banks that maintain a correspondent bank in the United States. Requires a covered financial institution to terminate within ten business days any correspondent relationship with a foreign bank after receipt of written notice that the foreign bank has failed to comply with certain judicial proceedings. Sets forth civil penalties for failure to terminate such relationship.(Sec. 111) Amends the Immigration and Nationality Act of 1952 to declare inadmissible any aliens who have engaged in proscribed money laundering activities.(Sec. 113) Authorizes Federal application for restraining orders to preserve the availability of property subject to a foreign forfeiture or confiscation judgment.(Sec. 114) Increases civil and criminal penalties for international money laundering.(Sec. 117) Authorizes the Secretary to issue regulations to ensure that concentration accounts of financial institutions are not used to prevent association of the identity of an individual customer with the movement of funds of which the customer is the direct or beneficial owner.Title II: Currency Transaction Reporting Amendments and Related Improvements - Revises requirements for civil liability immunity for voluntary financial institution disclosure of suspicious activities. Authorizes the inclusion of suspicions of illegal activity in written employment references.(Sec. 202) Authorizes the Secretary to exempt from minimum standards for anti-money laundering programs any financial institution not subject to certain regulations governing financial recordkeeping and reporting of currency and foreign transactions.(Sec. 203) Establishes civil penalties for violations of geographic targeting orders and structuring transactions to evade certain recordkeeping requirements. Lengthens the effective period of geographic targeting orders from 60 to 180 days.(Sec. 205) Amends the Federal Deposit Insurance Act to permit written employment references to contain suspicions of involvement in illegal activity.(Sec. 206) Amends the Annunzio-Wylie Anti-Money Laundering Act to require the Bank Secrecy Act Advisory Group to include nongovernmental organizations advocating financial privacy.(Sec. 207) Requires the Secretary and the Federal banking agencies to report recommendations on possible legislation to conform specified penalties imposed on depository institutions.(Sec. 208) Instructs the Secretary to: (1) promulgate regulations requiring securities brokers and dealers to file reports of suspicious financial transactions; and (2) report to Congress on recommendations to apply parallel regulations to investment companies; (3) report to Congress regarding the role of the Internal Revenue Service in the administration of the Bank Secrecy Act; and (4) share monetary instruments transactions records upon request of a U.S. intelligence agency for use in the conduct of intelligence or counterintelligence activities, including analysis, to protect against international terrorism.(Sec. 210) Amends the Right to Financial Privacy Act to permit the transfer of financial records to other agencies or departments upon certification that the records are relevant to intelligence or counterintelligence activities related to international terrorism.Amends the Fair Credit Reporting Act to require a consumer reporting agency to furnish all information in a consumer's file to a government agency upon certification that the records are relevant to intelligence or counterintelligence activities related to international terrorism.(Sec. 211) Subjects to mandatory records and reports on monetary instruments transactions any person who engages as a business in the transmission of funds, including through an informal value transfer banking  system or network (e.g., hawala) of people facilitating the transfer of value domestically or internationally outside of the conventional financial institutions system.(Sec. 212) Authorizes the Secretary to instruct the United States Executive Director of each international financial institution to use his or her voice and vote to: (1) support the use of funds for a country (and its institutions) which contributes to U.S. efforts against international terrorism; and (2) require an auditing of disbursements to ensure that no funds are paid to persons who commit or support terrorism.Title III: Currency Crimes - Establishes as a bulk cash smuggling felony the knowing concealment and attempted transport (or transfer) across U.S. borders of currency and monetary instruments in excess of $10,000, with intent to evade specified currency reporting requirements.Title IV: Anticorruption Measures - Expresses the sense of Congress that, in deliberations between the U.S. Government and any other country on money laundering and corruption issues, the U.S. Government should: (1) emphasize an approach that addresses not only the laundering of the proceeds of traditional criminal activity but also the increasingly endemic problem of governmental corruption and the corruption of ruling elites; (2) encourage the enactment and enforcement of laws in such country to prevent money laundering and systemic corruption; (3) make clear that the United States will take all steps necessary to identify the proceeds of foreign government corruption which have been deposited in U.S. financial institutions and return such proceeds to the citizens of the country to whom such assets belong; and (4) advance policies and measures to promote good government and to prevent and reduce corruption and money laundering, including through instructions to the U.S. Executive Director of each international financial institution to advocate such policies as a systematic element of economic reform programs and advice to member governments. (Sec. 402) Expresses the sense of Congress that: (1) the United States should continue to actively and publicly support the objectives of the  Financial Action Task Force on Money Laundering (FATF) with regard to combating international money laundering; (2) FATF should identify noncooperative jurisdictions in as expeditious a manner as possible and publicly release a list directly naming those jurisdictions identified; (3) the United States should support the public release of the list naming noncooperative  jurisdictions identified by the FATF; (4) the United States should encourage the adoption of the necessary international action to encourage compliance by the identified noncooperative jurisdictions; and (5) the United States should take the necessary countermeasures to protect the United States economy against money of unlawful origin and encourage other nations to do the same.(Sec. 403) Expresses the sense of the Congress that, in deliberations and negotiations between the U.S. Government and any other country regarding financial, economic, assistance, or defense issues, the United States should encourage such other country to: (1) take actions which would identify and prevent the transmittal of funds to and from terrorists and terrorist organizations; and (2) engage in bilateral and multilateral cooperation with the United States and other countries to identify suspected terrorists, terrorist organizations, and persons supplying funds to and receiving funds from terrorists and terrorist organizations.",2025-01-14T18:20:21Z,https://www.congress.gov/bill/107th-congress/senate-bill/1511
107-s-1430,107,s,1430,Unity Bonds Act of 2001,Finance and Financial Sector,2001-09-14,2001-09-14,"Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.",Senate,"Sen. Johnson, Tim [D-SD]",SD,D,J000177,12,"Unity Bonds Act of 2001 - Amends Federal law to instruct the Secretary of the Treasury to issue Unity Bonds in response to the acts of terrorism perpetrated against the United States on September 11, 2001.Mandates that proceeds from the issuance of Unity Bonds be used to raise funds to assist in recovery and relief operations following the terrorist acts, including humanitarian assistance, and to combat terrorism.",2025-08-19T17:30:00Z,https://www.congress.gov/bill/107th-congress/senate-bill/1430
107-s-1431,107,s,1431,War Bonds Act of 2001 ,Finance and Financial Sector,2001-09-14,2001-09-14,"Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.",Senate,"Sen. McConnell, Mitch [R-KY]",KY,R,M000355,6,"War Bonds Act of 2001 -  Authorizes the Secretary of the Treasury to issue War Bonds in response to the acts of terrorism perpetrated against the United States on September 11, 2001.",2025-08-19T17:31:09Z,https://www.congress.gov/bill/107th-congress/senate-bill/1431
107-s-1432,107,s,1432,United States Defense of Freedom Bond Act of 2001,Finance and Financial Sector,2001-09-14,2001-09-14,"Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.",Senate,"Sen. Smith, Gordon H. [R-OR]",OR,R,S001142,5,"United States Defense of Freedom Bond Act of 2001   Amends Federal law to authorize the Secretary of the Treasury to issue United States Defense of Freedom Bonds in response to the acts of terrorism perpetrated against the United States on September 11, 2001.",2025-08-19T17:31:48Z,https://www.congress.gov/bill/107th-congress/senate-bill/1432
107-s-1399,107,s,1399,Identity Theft Prevention Act of 2001,Finance and Financial Sector,2001-09-04,2001-09-04,"Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.",Senate,"Sen. Feinstein, Dianne [D-CA]",CA,D,F000062,4,"Identity Theft Prevention Act of 2001 - Amends the Truth in Lending Act to prescribe procedural guidelines under which a credit card issuer shall confirm changes of address.Amends the Fair Credit Reporting Act to prescribe procedural guidelines under which a consumer reporting agency shall: (1) notify the requester of a discrepancy in the address in the consumer file; and (2) include a fraud alert in the file of a requesting consumer.Confers enforcement jurisdiction upon the Federal Trade Commission.Mandates truncation of credit card account numbers, so that an entity that accepts credit cards for the transaction of business is prohibited from printing more than the last five digits of the credit card account number or the expiration date upon any receipt provided to the cardholder.",2025-08-19T17:29:37Z,https://www.congress.gov/bill/107th-congress/senate-bill/1399
107-s-1371,107,s,1371,Money Laundering Abatement Act,Finance and Financial Sector,2001-08-03,2001-08-03,"Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S8945-8948)",Senate,"Sen. Levin, Carl [D-MI]",MI,D,L000261,8,"Money Laundering Abatement Act - Amends the Racketeer Influenced and Corrupt Organizations Act to include as money laundering crimes fraud, bribery of a public official, and certain smuggling or export control violations. Includes within the term: (1) ""specified unlawful activity"" certain crimes of violence; and (2) ""financial institution"" any foreign bank.Prohibits a depository institution, credit union, and a branch or agency of a foreign bank from establishing or maintaining in the United States: (1) an account for a foreign person without maintaining in the United States a record identifying, by a verifiable name and account number, each individual or entity having a direct or beneficial ownership interest; and (2) a correspondent account for, or on behalf of, a foreign bank that does not have a physical presence in any country, with an exception. Requires each such institution to establish enhanced due diligence policies, procedures, and controls to prevent, detect, and report possible instances of money laundering.Grants district courts jurisdiction over any foreign person that commits a financial transaction offense in the United States, including for court issuance of a pretrial restraining order. Prohibits false statements concerning the identity of customers of financial institutions.Requires a financial institution to comply within 48 hours with a Federal banking agency request for anti-money laundering information.Amends the Controlled Substances Act to authorize a court to order a defendant to repatriate property that may be seized and forfeited and to deposit that property pending trial in an interest-bearing account.",2025-08-19T17:29:01Z,https://www.congress.gov/bill/107th-congress/senate-bill/1371
107-s-1242,107,s,1242,Consumer Credit Score Disclosure Act of 2001,Finance and Financial Sector,2001-07-25,2001-07-25,"Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.",Senate,"Sen. Schumer, Charles E. [D-NY]",NY,D,S000148,3,"Consumer Credit Score Disclosure Act of 2001 - Amends the Fair Credit Reporting Act to cite specified consumer credit scoring information that a consumer reporting agency must disclose upon consumer request in connection with an application for an extension of consumer credit secured by a dwelling, including a credit score: (1) derived from a model widely distributed to users of credit scores; or (2) that assists the consumer in understanding the credit scoring assessment of the consumer's credit behavior and predictions about future credit behavior.Requires any person that makes or arranges extensions of consumer credit that are to be secured by a dwelling, and that uses credit scores for that purpose, to provide the consumer with a copy of: (1) the information obtained from a consumer reporting agency or that was developed and used by that user of the credit score information; or (2) a copy of the information provided to the user by a third party that developed the credit score, plus a general description of credit scores, their use, and the sources and kinds of data used to generate credit scores.Declares void any contract provision that prohibits such mandated disclosures. Exempts from contractual liability any user of a credit score for making such a disclosure.",2025-08-19T17:29:57Z,https://www.congress.gov/bill/107th-congress/senate-bill/1242
107-s-1225,107,s,1225,Liberty Dollar Bill Act,Finance and Financial Sector,2001-07-24,2001-07-24,"Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S8125-8126)",Senate,"Sen. Allen, George [R-VA]",VA,R,A000121,2,Liberty Dollar Bill Act - Amends Federal law to require that the design of the reverse side of one-dollar Federal reserve notes incorporate: (1) the preamble to the Constitution; (2) a list of the Articles of the Constitution; and (3) a list of the first ten amendments to the Constitution.States that such requirements do not limit the authority of the Secretary of the Treasury to: (1) include other inscriptions or material on the reverse side of such notes; or (2) adopt other design features to deter counterfeiting of currency.,2025-08-19T17:29:43Z,https://www.congress.gov/bill/107th-congress/senate-bill/1225
107-s-993,107,s,993,"A bill to extend for 4 additional months the period for which chapter 12 of title 11, United States Code, is reenacted.",Finance and Financial Sector,2001-06-06,2001-06-06,Read twice and referred to the Committee on the Judiciary. (text of measure as introduced: (CR S5903),Senate,"Sen. Carnahan, Jean [D-MO]",MO,D,C001043,3,"Amends the Omnibus Consolidated and Emergency Supplemental Appropriations Act, 1999 to extend until October 1, 2001, the reenactment of chapter 12 of the Federal Bankruptcy Code (Adjustment of Debts of a Family Farmer with Regular Annual Income) (thereby extending family farmer bankruptcy relief).Makes this Act effective as of June 1, 2001 (the previous expiration date).",2025-07-21T19:32:26Z,https://www.congress.gov/bill/107th-congress/senate-bill/993
107-s-891,107,s,891,Underage Consumer Credit Protection Act of 2001,Finance and Financial Sector,2001-05-15,2001-05-15,"Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S4958)",Senate,"Sen. Dodd, Christopher J. [D-CT]",CT,D,D000388,1,"Underage Consumer Credit Protection Act of 2001 - Amends the Truth in Lending Act to prescribe application requirements for the issuance of a credit card to an underage (under age 21) consumer, which include: (1) signature indicating joint liability for debts in connection with the account by another individual having the means to repay debts incurred by the underage consumer; (2) submission of financial information indicating an independent means of repayment by the consumer; or (3) proof of completion by the consumer of a specified credit counseling course.Authorizes the Board of Governors of the Federal Reserve system to promulgate the attendant rules and model forms.",2025-08-19T17:28:24Z,https://www.congress.gov/bill/107th-congress/senate-bill/891
107-s-601,107,s,601,Small Business Checking Regulatory Relief Act of 2001,Finance and Financial Sector,2001-03-22,2001-03-22,"Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S2776)",Senate,"Sen. Shelby, Richard C. [R-AL]",AL,R,S000320,0,"Small Business Checking Regulatory Relief Act of 2001 - Amends Federal banking law governing interaccount transfers to provide that a depository institution may permit owners of certain interest- or dividend-paying accounts to make up to 24 transfers monthly for any purpose to their other accounts in the same institution.Repeals specified limitations to authorize certain depository institutions offering demand deposits to permit all owners of a interest- or dividend-paying deposit or account to make withdrawals by negotiable or transferable instruments for the purpose of making payments to third parties. Requires interest payments on an escrow account maintained in connection with a loan only if they are required by contract between the lender (or servicer) and borrower or by specific State law.Amends the Federal Reserve Act, the Home Owners' Loan Act, and the Federal Deposit Insurance Act to repeal the proscription against payment of interest on demand deposits.Reformulates the mandatory depository institution reserve ratio to: (1) one that is not greater than three percent, and may be zero, (currently, a flat ratio of three percent) for transaction accounts of $25 million or less; and (2) reduce from eight percent to zero the minimum ratio for transaction accounts exceeding $25 million. (Thus authorizes zero reserve requirements for such accounts.)",2025-08-19T17:31:11Z,https://www.congress.gov/bill/107th-congress/senate-bill/601
107-s-539,107,s,539,A bill to amend the Truth in Lending Act to prohibit finance charges for on-time payments.,Finance and Financial Sector,2001-03-15,2001-03-15,"Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.",Senate,"Sen. Levin, Carl [D-MI]",MI,D,L000261,2,Amends the Truth in Lending Act to prohibit imposition of finance or interest charges upon a consumer credit card account (under an open end consumer credit plan) for on-time payments  when no other balance is owing on the account.,2025-01-14T18:20:21Z,https://www.congress.gov/bill/107th-congress/senate-bill/539
107-s-536,107,s,536,Freedom From Behavioral Profiling Act of 2000,Finance and Financial Sector,2001-03-14,2001-03-14,"Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.",Senate,"Sen. Shelby, Richard C. [R-AL]",AL,R,S000320,0,"Freedom From Behavioral Profiling Act of 2000 - Amends the Gramm-Leach-Bliley Act to prohibit financial institution disclosure of consumer marketing and behavioral profiling information for the purpose of marketing nonfinancial products, unless: (1) the institution has notified the consumer in clear and conspicuous format; and (2) the consumer has affirmatively consented in writing.",2025-08-19T17:29:23Z,https://www.congress.gov/bill/107th-congress/senate-bill/536
107-s-524,107,s,524,Small Business Interest Checking Act of 2001,Finance and Financial Sector,2001-03-13,2001-03-13,"Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.",Senate,"Sen. Schumer, Charles E. [D-NY]",NY,D,S000148,0,"Small Business Interest Checking Act of 2001- Amends Federal banking law governing interaccount transfers to provide that a depository institution may permit owners of certain interest- or dividend-paying accounts to make up to 24 transfers monthly for any purpose to their other accounts in the same institution.Amends the Federal Reserve Act to authorize a Federal reserve bank to pay interest at least quarterly (at a rate not to exceed the general level of short term interest rates) to a depository institution on any balance it maintains at the reserve bank.Repeals a specified restriction in order to authorize pass-through reserves for member banks (as well as non-member banks).Reformulates the mandatory depository institution reserve ratio to: (1) one that is not greater than three percent, and may be zero, (currently, a flat ratio of three percent) for transaction accounts of $25 million or less; and (2) reduce from eight percent to zero the minimum ratio for transaction accounts exceeding $25 million. (Thus authorizes zero reserve requirements for such accounts.)Requires the Federal Reserve banks to transfer certain surplus funds for deposit into the general fund of the Treasury equal to the estimated net cost of making the quarterly payments of interest mandated by this Act for FY 2002 through 2006.Prohibits such banks from replenishing surplus funds by the amount of any such transfers during that time period.",2025-08-19T17:31:20Z,https://www.congress.gov/bill/107th-congress/senate-bill/524
107-s-420,107,s,420,Bankruptcy Reform Act of 2001,Finance and Financial Sector,2001-03-01,2001-07-17,See also H.R. 333.,Senate,"Sen. Grassley, Chuck [R-IA]",IA,R,G000386,7,"Bankruptcy Reform Act of 2001 - Title I: Needs-Based Bankruptcy - Amends Federal bankruptcy law to revamp guidelines governing dismissal or conversion of a Chapter 7 liquidation petition (complete relief in bankruptcy) to one under Chapter 11 (Reorganization) or Chapter 13 (Adjustment of Debts of an Individual with Regular Income). Allows a bankruptcy panel trustee and any party in interest to move for such dismissal or conversion (current law prohibits a party in interest from such motions). Lowers the ""substantial abuse"" standard for dismissal or conversion to one of simple abuse. Replaces the presumption in favor of granting the relief sought by the debtor with a presumption that abuse exists if the debtor's current monthly income exceeds an amount determined according to specified formulae.(Sec. 102) Includes within the calculation of debtor's monthly expenses: (1) those expenses incurred to maintain the safety of the debtor and the debtor's family from family violence as identified under the Family Violence Prevention and Services Act or other applicable Federal law; (2) continuation of actual expenses paid by the debtor for the care and support of an elderly, chronically ill, or disabled household or non-dependent immediate family member; and (3) an additional allowance for housing and utilities based upon documented actual expenses for home energy costs.Provides that the presumption of abuse may only be rebutted with detailed documentation of special circumstances requiring additional expenses or adjustment of currently monthly total income for which there is no reasonable alternative.Requires the debtor's counsel to reimburse the bankruptcy trustee for legal fees in prosecuting a dismissal or conversion motion if the court finds that counsel's filing under Chapter 7 was in violation of certain bankruptcy rules.Requires the court, upon motion by the victim of a crime of violence or a drug trafficking crime (or at the request of a party in interest), to dismiss a voluntary case filed by an individual debtor convicted of that crime (unless the debtor establishes that filing of the case is necessary to satisfy a claim for a domestic support obligation).Redefines ""disposable income"" of a chapter 13 debtor to exclude a domestic support obligation that first becomes payable after the date the petition is filed.Cites circumstances under which a chapter 13 wage earner's plan may be modified after confirmation to include a special allowance for health insurance coverage.(Sec. 103) Expresses the sense of Congress that the Secretary of the Treasury has the authority to alter Internal Revenue Service (IRS) standards established to set guidelines for repayment plans as needed to accommodate their use under the Bankruptcy Code.Instructs the Director of the Executive Office for U.S. Trustees to report to certain congressional committees regarding the utilization of Internal Revenue standards for determining specified monthly expenses of a debtor and the impact of such standards upon debtors and the bankruptcy courts.(Sec. 104) Revises procedural guidelines to mandate a written notice to the individual consumer debtor before commencement of a case stating: (1) the types of services available from credit counseling agencies; (2) the criminal penalties for fraudulent concealment of assets; and (3) that all creditor-supplied information is subject to examination by the Attorney General.(Sec. 105) Instructs the Director of the Executive Office for U.S. Trustees to: (1) develop a financial management training curriculum and materials to educate individual debtors on how to better manage their finances; and (2) test, evaluate, and report to Congress on the curriculum's effectiveness.(Sec. 106) Precludes an individual debtor from filing under Federal bankruptcy law unless the individual has received a briefing from an approved nonprofit budget and credit counseling service prior to filing a bankruptcy petition, unless the U.S. trustee or bankruptcy administrator determines that the service for the district in which the debtor lives is not reasonably able to provide adequate services to the additional individuals who would otherwise seek credit counseling because of such requirement.Conditions a Chapter 7 or Chapter 13 discharge in bankruptcy upon the debtor's completion of an approved instructional course concerning personal financial management.Requires the clerk of each district to maintain a public list of credit counseling agencies and instructional courses concerning personal financial management. Prescribes criteria for approval of such agencies and courses.Prohibits such counseling service from informing a credit reporting agency whether an individual debtor has received or sought personal financial management instruction. Establishes civil penalties for noncompliance.Title II: Enhanced Consumer Protection - Subtitle A: Penalties for Abusive Creditor Practices - Cites circumstances under which the court may reduce by up to 20 percent a claim based in whole upon unsecured consumer debts if the debtor can show by clear and convincing evidence that the claim was filed by a creditor who unreasonably refused to negotiate a reasonable alternative repayment schedule proposed by an approved credit counseling agency acting on the debtor's behalf.(Sec. 202) Makes a creditor's willful failure to credit payments received from a debtor (with a specified exception), if such failure caused material injury to the debtor, a violation of a discharge operating as an injunction.(Sec. 203) Modifies debt reaffirmation guidelines governing wholly unsecured consumer debts to mandate specified detailed disclosures and explanations to the debtor for dischargeable debt agreements. Exempts a credit union creditor from such detailed disclosures and explanations.Amends Federal criminal law to instruct the Attorney General to designate U.S. attorneys and agents of the Federal Bureau of Investigation to implement enforcement activities in addressing: (1) abusive reaffirmations of debt; and (2) materially fraudulent statements in bankruptcy schedules that are intentionally false or misleading. Directs the bankruptcy court to establish procedures for referring those cases to such U.S. attorneys and agents of the Federal Bureau of Investigation.(Sec. 204) Preserves the consumer claims and defenses that may be made against predatory loans that have been sold by the bankruptcy trustee, and are subject to either the Truth in Lending Act or the Federal Trade Commission Preservation of Claims Trade Regulation.(Sec. 205) Instructs the General Accounting Office to study and report to Congress on the overall treatment of consumers within the context of the debt reaffirmation process, including recommendations for legislation to address abusive or coercive tactics.Subtitle B: Priority Child Support - Revises priority payment guidelines to place within the first priority claim category certain unsecured claims for domestic support obligations, on the condition that funds received by a governmental unit be applied in a prescribed order.(Sec. 213) Conditions court confirmation of a debt repayment plan under Chapters 11, 12 (Debts of a Family Farmer), and 13 (and the subsequent discharge of debts) upon certification of debtor's full payment of all adjudicated domestic support obligations that are due after the petition filing date.(Sec. 214) Excepts from an automatic stay specified choses-in-action pertaining to domestic support obligations proceedings including: (1) child custody or visitation; (2) dissolution of marriage; (3) domestic violence; (4) withholding of income that is property of the bankrupt estate for payment of domestic support obligations; (5) suspension of drivers' licenses and professional licenses; (6) reporting of overdue support owed by a parent to certain consumer reporting agencies; (7) interception of specified tax refunds; (8) establishment of paternity; (9) establishment or modification of an order for domestic support obligations; and (10) enforcement of medical obligations under title IV, part D (Child Support and Establishment of Paternity) of the Social Security Act.(Sec. 215) Revamps guidelines governing the nondischargeability of certain debts for alimony, maintenance, and support to repeal the exceptions granted the debtor under specified conditions.(Sec. 216) Modifies guidelines governing property exempt from the bankruptcy estate to declare such property liable for a debt arising from domestic support obligations.(Sec. 217) Prohibits the bankruptcy trustee from avoiding a transfer that is a bona fide payment of a debt for a domestic support obligation.(Sec. 218) Redefines ""disposable income"" received by certain debtors, with respect to confirmation of a plan under Chapter 12 or 13, to include income not reasonably expected to be expended for a domestic support obligation that first becomes payable after the date on which a petition for debt relief is filed.(Sec. 219) Sets forth the duties of the bankruptcy trustee under chapters 7, 11, 12, and 13 regarding a claim against an individual debtor for the collection of child support, including notifying the claim holder and the appropriate State child support agency of the debtor's last known address.(Sec. 220) Makes dischargeable any debts for certain qualified educational loans which, if not discharged, would impose an undue hardship upon either the debtor or the debtor's dependent.Subtitle C: Other Consumer Protections - Modifies guidelines governing nonattorney bankruptcy petition preparers to mandate that as a prerequisite to any collection of fees for services: (1) such preparers officially disclose to debtors that they cannot practice law or give legal advice; and (2) such disclosure be signed by the debtor and filed with the requisite court documents. Prescribes enforcement and penalty guidelines for preparer noncompliance.(Sec. 222) Expresses the sense of the Congress that States should develop curricula relating to the subject of personal finance, designed for use in elementary and secondary schools.(Sec. 223) Places in the tenth order of prioritized claims against the bankrupt estate any death or personal injury claims resulting from the unlawful operation of a motor vehicle or vessel because the debtor was drug or alcohol-impaired.(Sec. 224) Permits an individual debtor to exempt from the property of the bankrupt estate certain tax-exempt retirement funds that have not been obligated in connection with any extension of credit.Exempts from either an automatic stay or a discharge in bankruptcy specified income withheld from the debtor pursuant to pension or profit sharing plans sponsored by such debtor's employer to pay certain loans from such plans.(Sec. 225) Sets forth criteria for excluding certain education individual retirement accounts from the property of the bankruptcy estate if the designated beneficiary is the debtor's child or grandchild.(Sec. 227) Sets forth restrictions on and requirements for debt relief agency practices. Provides for civil penalties for intentional violations. Requires a debt relief agency providing bankruptcy assistance to provide prescribed disclosures to an assisted person.(Sec. 230) Instructs the Comptroller General to study and report to Congress on the feasibility, effectiveness, and cost of requiring trustees or the bankruptcy courts to provide the Office of Child Support Enforcement with the names and address of an individual debtor promptly after such debtor commences a case.(Sec. 231) Prohibits a bankruptcy trustee from selling or leasing to unaffiliated third parties, contrary to the debtor's privacy policy, personally identifiable information possessed by the debtor concerning an individual, unless specified conditions have been met.(Sec. 232) Mandates court appointment of a consumer privacy ombudsman if the trustee intends to sell or lease such information in a manner which requires a court hearing on such transfer.(Sec. 233) States that a debtor may be required to provide information regarding a minor child pertaining to the case in bankruptcy, but may not be required to disclose the child's name in the public records of a bankruptcy case. Requires bankruptcy officials to maintain the confidentiality of a minor child's identity cited in a nonpublic record.Title III: Discouraging Bankruptcy Abuse - Modifies exceptions to a discharge in bankruptcy to prohibit discharge of a filing fee imposed by any court upon a prisoner.(Sec. 302) Terminates the automatic stay 30 days after filing of a petition if a chapter 7, 11, or 13 petition was pending and dismissed the previous year, unless the subsequent filing is in good faith. Delineates conditions under which a history of previous petitions in bankruptcy give rise to a rebuttable presumption that the case is not filed in good faith.(Sec. 303) Directs the court to grant two-year relief from the automatic stay upon request of a party in interest with respect to certain real property actions if the court finds that filing the bankruptcy petition was part of a scheme to delay, hinder, and defraud creditors.(Sec. 304) Modifies debtor's duties to mandate specified affirmative actions to be taken by a chapter 7 debtor, including reaffirmation of the debt, or redemption of the property within 45 days, in order to retain possession of personal property. Allows a creditor to take action with respect to such property under nonbankruptcy law if the debtor fails to act within 45 days, unless the court determines upon trustee motion that such property is of consequential value or benefit to the estate.(Sec. 305) Declares that the automatic stay is terminated regarding property of the debtor's estate securing a claim or subject to an unexpired lease, if the debtor fails to complete an intended surrender of consumer debt collateral, or an intended property redemption or debt reaffirmation in order to retain such collateral, within a revised, accelerated time frame (unless the court determines upon trustee motion that such property is of consequential value or benefit to the estate).(Sec. 306) Requires the bankruptcy court to confirm a Chapter 13 plan if it provides that the holder of a secured allowed claim shall retain the attendant lien until payment or discharge of all debts.Provides that if a Chapter 13 proceeding is dismissed or converted without completion of the plan, the holder shall retain such lien to the extent recognized by applicable nonbankruptcy law.Provides that statutory guidelines to determine the secured status of a creditor's claim do not apply if: (1) the creditor has a purchase money security interest securing the debt; (2) the underlying debt was incurred within the three-year period preceding the filing of the bankruptcy petition; and (3) the collateral for that debt consists of a motor vehicle acquired for the debtor's personal use (or if the collateral consists of any other thing of value if the debt was incurred during the one-year period preceding such filing).(Sec. 307) Increases from 180 to 730 days the length of a debtor's location of domicile for purposes of determining which State law governs the debtor's selection of property exempt from the bankrupt estate. Moderates such time frame if the debtor's domicile has not been located at a single State for such 730-day period.(Sec. 308) Prohibits a debtor from exempting from the estate in bankruptcy any amount of interest acquired during the two years before petition filing that exceeds in the aggregate$125,000 in value in: (1) real or personal property used as a residence; (2) a cooperative that owns property used as a residence by the debtor or debtor's dependent; or (3) a burial plot for the debtor or debtor's dependent.(Sec. 309) Revamps prescriptions governing the effects of conversion from chapter 13 to another chapter. Declares that: (1) valuations of property and of allowed secured claims in a chapter 13 case shall not apply in a case converted to chapter 7; and (2) with respect to cases converted from Chapter 13, the claim of any creditor holding security as of the date of the petition shall continue to be secured by that security unless the full claim amount, as determined under applicable nonbankruptcy law, has been paid in full as of the conversion date. States that a prebankruptcy default shall have the effect given under applicable nonbankruptcy law unless it has been fully cured pursuant to the plan at the time of conversion.Provides for a Chapter 7 debtor's assumption of unexpired leases of personal property. Declares that in a Chapter 11 case in which the debtor is an individual, and in a Chapter 13 case, if the lease is not assumed in the plan, it is rejected (thus no longer subject to an automatic stay) as of the conclusion of the hearing on confirmation.Delineates a cash payment plan for chapter 13 debtors for payments to any lessor of personal property and to any creditor holding a claim secured by personal property in order to ensure adequate protection to the claim holder during the payment period. Requires a debtor-in-possession to provide reasonable evidence of any requisite insurance coverage with respect to the use or ownership of such property.(Sec. 310) Reduces the threshold consumer debt amounts of luxury goods (from $1,075 to $750) and consumer credit (from $1,075 to $750) owed to a single creditor which are presumed nondischargeable in bankruptcy if acquired within 90 days and 70 days, respectively, (currently 60 days for either category) before an order for relief is issued.(Sec. 311) Denies an automatic stay of any eviction, unlawful detainer action, or similar proceeding by a lessor in specified circumstances against a debtor involving residential real property with respect to which: (1) the debtor tenant has failed to pay rent, and a lawful new tenant is ready to take possession;  (2) the debtor has commenced another bankruptcy case within the year preceding the filing of the petition for relief; or (3) eviction actions are based upon endangerment to property or person or the use of illegal drugs. Specifies circumstances in which such an exception to an automatic stay shall not become effective.(Sec. 312) Extends the period between Chapter 7 discharges from six to eight years. Denies a chapter 13 discharge to any debtor who has received a discharge: (1) in a chapter 7, 11, or 12 case within the preceding three years; or (2) in another chapter 13 case within the preceding two years (or shorter time if the court finds extreme hardship).(Sec . 313) Requires the Director of the Executive Office for U.S. Trustees to report to specified congressional committees about utilization of a specified revised definition of household goods with respect to: (1) the avoidance of nonpossessory, nonpurchase money security interests in household goods; and (2) the impact that such definition has had on debtors and on the bankruptcy courts.(Sec. 314) Lists among debts that are not dischargeable in bankruptcy a debt incurred to pay a tax to a non-Federal governmental unit.Revamps Chapter 13 debt discharge guidelines. Prohibits discharge from a debt for restitution or damages awarded in a civil action against the debtor for willful or malicious injury that caused personal injury or death of an individual.(Sec. 315) Prescribes notice procedures for Chapter 7 and Chapter 13 creditors.Expands debtor's duties to require filing with the bankruptcy court of: (1) Federal tax returns; (2) evidence of employer payments received; (3) monthly net income projections; and (4) anticipated income or expenditure increases. Permits a Chapter 7 or chapter 13 creditor to request the debtor's petition, schedules, and statement of affairs, including the debt adjustment plan filed by the debtor.Requires dismissal of a Chapter 7 or 13 case upon debtor's failure to provide to the bankruptcy trustee not later than seven days before the date first set for the first meeting of creditors a tax return for the latest taxable period prior to filing.Mandates that, at the time of filing with the taxing authority, a Chapter 7 or 13 debtor file with the bankruptcy court specified tax documentation pertaining to the period from case commencement until case termination.Requires a Chapter 13 debtor to file with the court a statement of income and expenditures in the preceding tax year, and monthly net income, showing how calculated.Makes debtor's mandatory documentation available for inspection and copying to certain bankruptcy officers and any party in interest. Requires debtors to furnish driver's license, passport, or other photograph-containing documentation establishing debtor identification.(Sec. 316) Provides for automatic dismissal if a Chapter 7 or 13 debtor fails within 45 days of filing a petition to furnish all mandatory information, or fails to timely file the requisite schedules. Requires the court to order dismissal within five days of a request by a party in interest for debtor's failure to timely submit requisite documentation.(Sec. 317) Requires a Chapter 13 confirmation hearing to be held not later than 45 days after the first meeting of creditors.(Sec. 318) Sets forth a statutory formula to determine whether a Chapter 13 debt readjustment payment plan shall be of either three-year or five-year duration.(Sec. 319) Expresses the sense of the Congress that rule 9011 of the Federal Rules of Bankruptcy Procedure should include a requirement that all debtors' documents be submitted to the court only after debtors have made reasonable inquiry to verify that all information therein is well grounded in fact, and warranted by existing law or a good faith argument for extension, modification, or reversal of existing law.(Sec. 320) Revises automatic stay guidelines to provide that in the case of an individual filing under Chapters 7, 11, or 13, the automatic stay shall terminate 60 days after a request for its release by a party in interest, unless the court orders or the parties agree to a longer time.(Sec. 321) Revamps guidelines governing a Chapter 11 business reorganization case filed by an individual to: (1) identify the property of the estate in bankruptcy; and (2) revise the contents, confirmation, and modification of a reorganization plan.(Sec. 322) Excludes employee benefit plan participant contributions from the property of the bankruptcy estate.(Sec. 323) Amends the Federal judicial code to: (1) grant the district court presiding over a title 11 case exclusive jurisdiction over property of the debtor and of the estate, as well as to claims relating to employment or disclosure of bankruptcy professionals; and (2) increase bankruptcy fees and the amounts deposited as offsetting collections to both the United States Trustee Systems Fund, and to a special fund of the Treasury available to offset funds appropriated for court operation and maintenance.(Sec. 325) Exempts from the prohibition against sharing of compensation or reimbursement with respect to administrative expenses of a debtor's estate any sharing, or agreeing to share, compensation with a bona fide public service attorney referral program that operates in accordance with non-Federal law regulating attorney referral services, and with rules of professional responsibility applicable to attorney acceptance of referrals.(Sec. 326) Declares that the value of personal property securing an allowed claim shall be determined based on its replacement value as of the date of petition filing without deduction for costs of sale or marketing.(Sec. 327) Revises requirements for the assumption by a trustee of a defaulted executory contract or unexpired lease. Exempts from the requirement that the trustee cure such a default any default that is a breach of a provision relating to the satisfaction of any non-penalty provision relating to a default arising from any failure to perform nonmonetary obligations under an unexpired lease of real property, if it is impossible for the trustee to cure such default by performing nonmonetary acts at and after the time of assumption. Provides, however, that if such default arises from a failure to operate in accordance with a nonresidential real property lease, then such default shall be cured by performance at and after the time of assumption in accordance with such lease, and pecuniary losses resulting from such default shall be compensated in accordance with specified law.Makes the same exception to requirements a plan must meet to avoid impairing a class of claims or interests. Requires a plan, to avoid impairment, to compensate a claim holder for any actual pecuniary loss incurred by such holder resulting from a failure to perform a nonmonetary obligation, other than a default arising from failure to operate a non-residential real property lease subject to certain requirements.(Sec. 328) Makes nondischargeable in bankruptcy any debts resulting from violations of laws relating to the provision or acquisition of lawful goods and services.(Sec. 329) Expands permissible administrative expenses to include certain wages and benefits awarded as back pay (resulting from a debtor employer's violation of law), if the court determines that the award will not substantially increase the probability of layoff or termination of current employees or nonpayment of domestic support obligations during the case.Title IV: General and Small Business Bankruptcy Provisions - Subtitle A: General Business Bankruptcy Provisions - Denies a debtor an automatic stay of the commencement of an investigation or action by a securities self-regulatory organization to enforce compliance with its regulations, or of the enforcement of any order or decision obtained by such an organization, other than for monetary sanctions.(Sec. 402) Authorizes the bankruptcy court, upon request of a party in interest, to order that the U.S. trustee not convene a meeting of creditors or equity security holders if the debtor has filed a plan for which acceptances have been solicited before commencement of the case.(Sec. 403) Increases from ten days to 30 days the length of time for the perfection of a transfer of property with respect to a trustee's authority to avoid such a transfer.(Sec. 404) Amends guidelines for rejection and surrender of executory contracts and unexpired leases.(Sec. 405) Authorizes a Chapter 11 trustee to increase the membership of a committee of creditors and equity security holders to include a creditor that is a small business concern following the court's determination that such creditor holds claims of the kind represented by the committee, the aggregate amount of which is disproportionately large in comparison to the creditor's annual gross revenue. Requires such committee to provide to certain creditors who are not committee members access to information.(Sec. 406) Prohibits the bankruptcy trustee from avoiding a warehouseman's lien for costs incidental to the storage and handling of certain goods.(Sec. 407) Directs the bankruptcy court to treat the compensation awarded a trustee as a commission.(Sec. 408) States that acceptance or rejection of a chapter 11 plan may be solicited from a holder of a claim or interest if: (1) the solicitation complies with applicable nonbankruptcy law; and (2) it was made before commencement of the case in a manner complying with applicable nonbankruptcy law.(Sec. 409) Prohibits the bankruptcy trustee from avoiding a transfer if, in a case filed by a debtor whose debts are not primarily consumer debts, the aggregate value of all property that constitutes or is affected by such transfer is less than $5,000.(Sec. 411) Limits the extensions of time permitted for filing a Chapter 11 reorganization plan.(Sec. 412) Denies a discharge in bankruptcy for a debt for a fee or assessment arising from a debtor's interest in a lot in a homeowners association for as long as the debtor retains specified interests in such lot.(Sec. 413) Authorizes a creditor holding a consumer debt to participate in a meeting of creditors in a chapter 7 or 13 case, either alone or in conjunction with an attorney.(Sec. 414) Revises the definition of ""disinterested person"" to remove persons who are not investment bankers (thus allowing investment bankers for any outstanding security of the debtor to be treated as a disinterested person).(Sec. 418) Amends the Federal judicial code to authorize the district court or bankruptcy court to waive the Chapter 7 filing fee and other attendant fees for certain Chapter 7 debtors whom the court has determined to be unable to pay fees in installments.(Sec. 419) Directs the Advisory Committee on Bankruptcy Rules of the Judicial Conference of the United States to propose amended Federal Rules of Bankruptcy Procedure and Official Bankruptcy Forms directing chapter 11 debtors to disclose information relating to the value, operations, and profitability of any closely held corporation, partnership, or other entity in which the debtor holds a substantial or controlling interest.(Sec. 420) Expands the duties of the debtor in bankruptcy to mandate that a debtor who served as administrator of an employee benefit plan continue to perform the obligations incumbent upon such service.Subtitle B: Small Business Bankruptcy Provisions - Sets forth mandatory factors for court consideration in determining whether the disclosure statement regarding a small business reorganization plan provides adequate information.(Sec. 432) Defines a small business debtor, generally, as a person (including a debtor affiliate) with not more than $3 million in aggregate non-contingent, liquidated secured and unsecured debts as of the date of the petition or the order for relief (excluding debts owed to one or more affiliates or insiders).(Sec. 433) Directs the Advisory Committee on Bankruptcy Rules of the Judicial Conference (Advisory Committee) to propose for adoption standardized disclosure statements and plans of reorganization for small business debtors.(Sec. 434) Sets forth uniform national reporting requirements for small business debtors.(Sec. 435) Directs the Advisory Committee to propose for adoption revisions to the Federal Rules of Bankruptcy Procedure and Official Bankruptcy Forms enabling small business debtors to comply with such uniform national reporting requirements.(Sec. 436) Sets forth duties and administrative procedures in small business reorganization cases, including serial filer provisions and expanded grounds for dismissal or conversion and appointment of a trustee.(Sec. 443) Directs the Small Business Administration to study and report to the Congress on: (1) the factors that cause small businesses to become debtors in bankruptcy; and (2) how Federal bankruptcy laws can be made more efficient in assisting small businesses to retain their viability.(Sec. 444) Revises the circumstance precluding a secured single asset real estate interest creditor's relief from an automatic stay where a debtor has commenced monthly payments to each such creditor to allow the debtor, in the debtor's sole discretion, to make such payments from rents or other income generated before or after the commencement of the case by or from the property. Requires such payments in an amount equal to the interest on the value of the creditor's interest in the real estate, determined at the then-applicable nondefault contract rate of interest (currently, at the fair market rate).(Sec. 445) Allows as an administrative expense, for the two-year period following either the later of the rejection date or date of actual turnover of the premises, all monetary obligations due from a nonresidential real property lease previously assumed and subsequently rejected under the requirements governing executory contracts and unexpired leases.Title V: Municipal Bankruptcy Provisions - Makes technical amendments to requirements for a municipal bankruptcy petition.Title VI: Bankruptcy Data - Amends the Federal judicial code to require the clerk of each district to compile bankruptcy statistics for individual debtors with primarily consumer debts seeking relief under chapters 7, 11, and 13. Directs the Administrative Office of the United States Courts (Administrative Office) to make such statistics public and to report them annually to the Congress.(Sec. 602) Instructs the Attorney General to promulgate requirements for uniform forms for: (1) final reports by trustees in cases under chapters 7, 12, and 13; and (2) periodic reports by chapter 11 debtors or trustees in possession. Prescribes report contents.(Sec. 603) Prescribes guidelines for the Attorney General and the Judicial Conference of the United States (as appropriate) to establish procedures to audit debtors.(Sec. 604) Expresses the sense of the Congress that: (1) the national policy should be that all public record data held in electronic form by bankruptcy clerks should be released in electronic form in bulk to the public subject to appropriate privacy concerns and safeguards as Congress and the Judicial Conference of the United States may determine; and (2) a bankruptcy data system should be established in which a single set of data definitions are used to collect data nationwide, and in which all data for any particular bankruptcy case are aggregated in the same electronic record.Title VII: Bankruptcy Tax Provisions - Amends the bankruptcy code to modify the treatment of certain tax liens.(Sec. 702) Provides that a claim for debtor's liability for fuel tax which is filed by the base jurisdiction designated under the International Fuel Tax Agreement shall be allowed as a single claim.(Sec. 703) Mandates that the clerk of each district maintain a listing under which a governmental entity responsible for the collection of taxes within such district may designate an address for service of requests and describe where further information for filing such requests may be found.(Sec. 704) Prescribes the rate of interest to be paid on mandatory interest payments on tax claims.(Sec. 705) Revises the specifications for income tax claims receiving eighth priority (allowed unsecured claims of governmental units). Provides for tolling of the time periods covering such tax claims for stays of proceedings in a prior bankruptcy case, and the pendency or effect of offers in compromise or installment agreements.(Sec. 707) Prohibits discharge under Chapter 13 of any debt for fraudulent tax payments.(Sec. 708) States that confirmation of a bankruptcy plan does not discharge a corporate debtor from any debt: (1) for money or credit obtained by false representation owed to a domestic governmental unit or to a person as the result of an action filed with respect to certain claims against the Federal or a State government; or (2) for a tax or customs duty with respect to which the debtor made a fraudulent return or willfully attempted to evade or defeat such tax.(Sec. 709) Amends the automatic stay of U.S. Tax Court proceedings concerning the debtor to restrict such stay to: (1) a corporate debtor's tax liability for a taxable period the bankruptcy court may determine; or (2) concerning an individual debtor's tax liability for a taxable period ending before the order for relief.(Sec. 710) Includes among the requirements for court confirmation of a Chapter 11 bankruptcy plan which includes tax claims, that the debtor, at the minimum, make regular cash installment payments over a period ending not later than five years after the date of entry of the order for relief, and in a manner not less favorable than the most favored nonpriority unsecured claim provided for in the plan.(Sec. 711) Prohibits the avoidance of statutory tax liens by certain purchasers.(Sec. 712) Amends the Federal judicial code to require officers and agents conducting any business under court authority to pay all Federal, State and local taxes when due in the course of the business, unless it is a property tax secured by a lien against estate property which is abandoned by the bankruptcy trustee, or payment of the tax is excused under a specific bankruptcy law. Cites circumstances in which payment of such taxes may be deferred in a case pending under chapter 7 until final distribution is made.Entitles to administrative expense priority payment certain secured and postpetition unsecured taxes incurred by the bankruptcy estate, including ad valorem property taxes.Declares that a governmental unit shall not be required to file a request for the payment of administrative expenses relating to a tax liability or tax penalty.Allows a trustee to recover from property securing a claim for the payment of all ad valorem property taxes relating to such property.(Sec. 713) Requires as a condition for payment of tardily filed priority tax claims that they be filed either before the trustee commences distribution or ten days following the mailing to creditors of the summary of the trustee's final report, whichever is earlier (currently, before the trustee commences distribution of the estate).(Sec. 714) Makes nondischargeable any obligations based on income tax returns or equivalent reports or notices prepared by tax authorities.(Sec. 715) Declares that an estate's liability for unpaid tax is discharged upon payment of such tax according to certain requirements.(Sec. 716) Conditions court confirmation of a chapter 13 bankruptcy plan upon filing by the debtor: (1) of all prepetition tax returns; and (2) before the day on which the first meeting of the creditors is convened, of all tax returns for taxable periods ending in the four-year period that ends on the date of the filing of the petition. Authorizes the court to dismiss a plan or convert it to chapter 7, whichever is in the best interests of the creditors and the estate, if a chapter 13 debtor fails to comply with such time frame.Expresses the sense of the Congress that the Advisory Committee on Bankruptcy Rules of the Judicial Conference should propose for adoption amended Federal Rules of Bankruptcy Procedure pertaining to objections to tax returns and to plan confirmation.(Sec. 717) Redefines ""adequate disclosure,"" for postpetition disclosure and solicitation purposes, to include full discussion of the potential material Federal and State tax consequences of the plan to the debtor and to a hypothetical investor domiciled in the State in which the debtor resides or has its principal place of business typical of the holders of claims or interests in the case.(Sec. 718) Denies an automatic stay (unless specified conditions are met) to the setoff of an income tax refund for a taxable period which ended before the order for relief against an income tax liability for a taxable period which also ended before the order for relief.(Sec. 719) Revises special provisions related to the treatment of State and local taxes, including the creation of a separate taxable estate when such is done for Federal tax purposes.(Sec. 720) Provides that if the debtor fails to timely file a tax return or obtain an extension, a taxing authority may petition the court to convert or dismiss a case, whichever is in the best interests of creditors and the estate.Title VIII: Ancillary and Other Cross-Border Cases - Expands the scope of bankruptcy law to incorporate the Model Law on Cross-Border Insolvency, and to establish a statutory mechanism for: (1) dealing with cases of cross-border insolvency; and (2) cooperation between U.S. courts, trustees, and debtors and their foreign counterparts. Prescribes guidelines for: (1) access of foreign representatives and creditors to Federal and State courts; (2) recognition of a foreign proceeding and relief; (3) cooperation and direct communication with foreign courts and representatives; and (4) concurrent proceedings and the coordination of foreign and domestic proceedings.Title IX: Financial Contract Provisions - Amends the Federal Deposit Insurance Act (FDIA) to redefine specified contracts, agreements, and transfers entered into with an insolvent insured depository institution before the appointment of a conservator or receiver for it.(Sec. 901) Declares that no person shall be stayed or prohibited from exercising any right to cause the acceleration of any qualified financial contract with an insured depository institution which arises upon the appointment of the Federal Deposit Insurance Corporation (FDIC) as receiver at any time after such appointment.(Sec. 902) Declares that no provision of law shall be construed as limiting the right or power of the FDIC, or authorizing any court or agency to limit or delay, in any manner, the FDIC's right or power to transfer, disaffirm, or repudiate any qualified financial contract of a failed institution.Prohibits enforcement of a walkaway clause in a qualified financial contract of a failed insured depository institution (a clause that either does not create a payment obligation of a party, or extinguishes it solely because of such party's status as a nondefaulting party).(Sec. 903) Revises guidelines governing transfers of qualified financial contracts of an insolvent institution to include: (1) transfers to a foreign bank or foreign financial institution (including its branch or agency) (but only when the contractual rights of the parties to such qualified financial contracts are enforceable substantially to the same extent as permitted under such Act); and (2) transfers of contracts subject to the rules of a clearing organization. Defines financial institution to include a broker or dealer, a depository institution, a futures commission merchant, or any other institution as determined by FDIC regulation.Suspends certain termination rights of counterparties to a qualified financial contract with an insolvent insured depository institution until after the receiver's appointment, or after receipt of notice that the contract has been transferred.Declares that none of the following institutions shall be considered a financial institution for which a conservator, receiver, trustee in bankruptcy, or other legal custodian has been appointed or which is otherwise the subject of a bankruptcy or insolvency proceeding: (1) a bridge bank; or (2) an FDIC-organized depository institution for which a conservator is appointed either immediately upon organization, or at the time of a purchase and assumption transaction between such institution and the FDIC as receiver for a depository institution in default.(Sec. 904) Prescribes guidelines for: (1) the disaffirmance or repudiation of qualified financial contracts by the conservator or receiver for a failed depository institution; and (2) the treatment of a master agreement as a single agreement and a single qualified financial contract.(Sec. 906) Amends the Federal Deposit Insurance Corporation Improvement Act of 1991 to make conforming amendments with respect to: (1) bilateral netting contracts; (2) security agreements; (3) clearing organization netting contracts; (4) contracts with uninsured national banks; and (5) contracts with uninsured Federal branches or agencies.(Sec. 907) Amends the Federal Bankruptcy Code to reflect the changes made by this Act and to: (1) deny an automatic stay to set-offs under certain swap agreements and netting agreements; and (2) restrict the avoidance power of the bankruptcy trustee regarding certain master netting agreement transfers to those transfers that are fraudulent in nature. Defines financial participants.Sets forth statutory guidelines for: (1) the termination or acceleration of designated contracts and agreements; and (2) commodity broker and stockbroker liquidation with respect to the priority of unsecured claims, or customer property or distributions.(907A) Authorizes consultation between the Securities and Exchange Commission and the Commodity Futures Trading Commission with respect to: (1) whether and how security futures products will be treated as commodity contracts or securities in liquidation cases where a person is both a securities broker and a commodity broker; and (2) the treatment in such a liquidation of accounts in which both commodity contracts and securities are carried.(Sec. 908) Amends the FDIA to authorize the FDIC to prescribe more detailed recordkeeping requirements for qualified financial contracts (including market valuations) only for an insured depository institution in troubled condition.(Sec. 909) Exempts specified collateralization agreements from the contemporaneous execution requirement that renders invalid certain agreements against FDIC interests in certain asset acquisitions.(Sec. 910) Amends Federal bankruptcy law to specify the date for the measure of damages in connection with: (1) rejection by the bankruptcy trustee of designated contracts and agreements relating to executory contracts and unexpired leases; or (2) the liquidation, acceleration, or termination of such contracts and agreements.(Sec. 911) Amends the Securities Investor Protection Act of 1970 to provide that neither the filing of a protective decree by the Securities Investor Protection Corporation, nor any court protective order, shall operate as a stay of a creditor's contractual rights to liquidate, terminate, or accelerate designated contracts and agreements. Allows such application, order, or decree, however, to operate as a stay of foreclosure on securities collateral pledged by the debtor, whether or not with respect to one or more of such contracts, agreements, or securities sold by the debtor under a repurchase agreement.(Sec. 912) Declares that property of the bankrupt estate does not include any eligible asset (or its proceeds) to the extent that it was transferred by the debtor before commencement of the case to an eligible entity in connection with an asset-backed securitization (except to the extent that such asset, or its proceeds or value, may be recovered through avoidance by the bankruptcy trustee).Title X: Protection of Family Farmers and Family Fishermen - Amends the Federal bankruptcy code to reenact Chapter 12, Adjustment of Debts of a Family Farmer with Regular Annual Income, as amended by this Act (thereby reinstating family farmer bankruptcy relief).(Sec. 1002) Provides for triennial adjustments of the debt limit for family farmers.(Sec. 1003) Cites circumstances under which the claim of a governmental unit that arises from the disposition of a farm asset used in the debtor's farming operation shall be treated as an unsecured claim not entitled to priority.(Sec. 1004) Increases from $1.5 million to $3 million the maximum aggregate debts an individual or individual and spouse engaged in a farming operation may have to qualify as family farmers for debt adjustment purposes. Reduces from 80 percent to 50 percent the minimum percentage of aggregate, noncontingent, liquidated debts (with certain exclusions) arising out of such a farming operation.(Sec. 1005) Repeals the requirement that the family farmer and spouse receive over 50 percent of income from farming operations in the year before a bankruptcy petition is filed. Allows such income requirement to be met during at least one of the three taxable years preceding the taxable year in which the bankruptcy petition is filed.(Sec. 1006) Cites circumstances under which the court shall confirm a family farmer bankruptcy plan notwithstanding the objection of the trustee or holder of an allowed unsecured claim. Prohibits any post-confirmation modification of a bankruptcy plan that would increase the amount of payments that were due before such modification. Provides that, unless the debtor proposes the modification, a modified plan may not: (1) require payments to unsecured creditors in any particular month greater than debtor's disposable income for that month based on an increase in debtor's disposable income; or (2), if the modification takes place in the plan's last year, require any payments that would leave the debtor with insufficient funds after plan completion to carry on the farming operation.(Sec. 1007) Extends Chapter 12 coverage to family fishermen.Treats a guarantor of a creditor claim in the same manner as a creditor with respect to the operation of a stay in bankruptcy. Treats a co-maker of a loan made by a creditor, for any claim arising from the ownership or operation of a commercial fishing operation, in the same manner as a creditor with respect to such stay.Treats a claim for a lien upon a commercial fishing vessel of a family fisherman as an unsecured claim. Declares such treatment inapplicable to: (1) a claim made by a crewmember or seaman for wages or personal injury; or (2) a preferred ship mortgage that has been perfected.Title XI: Health Care and Employee Benefits - Amends bankruptcy provisions to prescribe guidelines for disposal of the patient records of a health care business (not including a health maintenance organization) that commences a proceeding for debtor relief and the trustee does not have sufficient funds to pay for the storage of patient records as required by law.(Sec. 1103) Allows an administrative expense claim for the costs of closing a health care business, including disposal of patient records and transfer of patients to another health care business.(Sec. 1104) Requires the bankruptcy court to appoint an ombudsman to represent the interests of the patients of a health care business within 30 days after commencement of a case under chapter 7 (Liquidation), 9 (Adjustment of Debts of a Municipality), or 11 (Reorganization).(Sec. 1105) Requires the bankruptcy trustee to use all reasonable and best efforts to transfer patients from the health care business in the process of being closed to an appropriate substitute.(Sec. 1106) Denies an automatic stay to a debtor's exclusion by the Secretary of Health and Human Services from participation in the Medicare program or any other Federal health care program (thus precluding the debtor's continuation or reinstatement in such a program).Title XII: Technical Amendments - Makes technical corrections to Federal bankruptcy, judicial, and criminal law.(Sec. 1201) Redefines single asset real estate to exclude family farms and to repeal the $4 million ceiling on the amount of noncontingent, liquidated secured debts on such property. Defines the term ""transfer"" to include: (1) creation of a lien; (2) retention of title as a security interest; (3) foreclosure of the debtor's equity of redemption; and (4) every mode of disposing of property or parting with an interest in property.(Sec. 1202) Requires triennial adjustment of the $5,000 value of certain implements, professional books, tools of the trade, farm animals, and crops which a debtor may exempt from the property of the estate (protecting them from creditors' liens).(Sec. 1206) Provides that a trustee or a creditors' and equity security holders' committee may pay a professional person they employ on a fixed or percentage fee basis, as well as on other bases already permitted.(Sec. 1208) Excludes from compensable professional services any expenses incurred for an attorney or an accountant by an individual member of a creditors' and equity security holders' committee.(Sec. 1209) Declares nondischargeable in bankruptcy a debt for death or personal injury caused by the debtor's operation of a vessel or aircraft while intoxicated from alcohol, a drug, or other substance.(Sec. 1213) Revises guidelines governing preferences to provide that, if the trustee avoids a security interest given between 90 days and one year before the date of the filing of the petition, by the debtor to a non-insider for the benefit of a creditor that is an insider, then such security interest shall be considered to be avoided only with respect to the insider creditor.(Sec. 1221) Permits the bankruptcy trustee to sell, use, or lease property in accordance with nonbankruptcy law governing the transfer of property by nonprofit charitable corporations, if doing so is not inconsistent with certain relief granted under the automatic stay.(Sec. 1222) Extends from 20 to 30 days the length of time after a debtor receives possession of property for perfection of a security interest in such property created by a transfer which the trustee may not avoid.(Sec. 1223) Bankruptcy Judgeship Act of 2001 - Amends the Federal judicial code to mandate appointments for additional temporary bankruptcy judgeships in California, Delaware, Florida, Georgia, Maryland, Michigan, Mississippi, New Jersey, New York, North Carolina Pennsylvania, Puerto Rico, Tennessee, Virginia, South Carolina, and Nevada. Provides that the first vacancy occurring in such district five years or more after a judge is appointed under this Act shall not be filled.Extends temporary bankruptcy judgeship positions authorized for the northern district of Alabama, and the districts of Delaware, Puerto Rico, and the eastern district of Tennessee.(Sec. 1224) Prescribes compensation guidelines for the services and expenses of a trustee who has petitioned the court to convert or dismiss a chapter 7 case.(Sec. 1225) Denies an automatic stay with respect to creation or perfection of a statutory lien for a special tax or special assessment on real property whether or not ad valorem, if the tax or assessment comes due after the filing of a petition for debtor relief.(Sec. 1226) Requires the Director of the Federal Judicial Center to develop materials and conduct training useful to courts in implementing this Act.(Sec. 1227) Amends Federal bankruptcy law to modify the right of the seller of goods to the debtor to reclaim such goods if the debtor received them while insolvent. Limits the period of receipt to 45 days  prior to commencement of the case, and the time during which the seller may demand reclamation to 45 days after receipt, or before 20 days after commencement of the bankruptcy case.(Sec. 1228) Prohibits a court from granting a discharge in a chapter 7 case, or from confirming a reorganization plan in a chapter 11 or 13 case, unless requested tax documents are filed with or otherwise provided to the court.(Sec. 1229) Expresses the sense of Congress that: (1) consumer credit may sometimes be offered indiscriminately without lender action to ensure consumer repayment capacity, and in a manner which may encourage additional debt accumulation; and (2) resulting consumer debt may increasingly be a major contributing factor to consumer insolvency.Instructs the Board of Governors of the Federal Reserve System to study indiscriminate solicitation and extension of credit by the credit industry. Authorizes the Board to: (1) promulgate regulations requiring additional disclosures to consumers; and (2) take measures to ensure responsible industrywide practices and to prevent resulting consumer debt and insolvency.(Sec. 1230) Excludes from property of the estate in bankruptcy certain tangible personal property (other than securities or written or printed evidences of indebtedness or title) pledged or sold by the debtor as collateral for a loan or money advance, and: (1) the pledgee or transferee possesses such property; (2) the debtor has no obligation to repay or redeem; and (3) neither the debtor nor the trustee has exercised any right to redeem in a timely manner.(Sec. 1231) Amends the Federal judicial code to authorize private trustees and standing trustees, after exhausting administrative remedies, to obtain judicial review in a U.S. district court of: (1) any suspension or termination; or (2) denial of a claim of actual, necessary expenses.(Sec. 1233) Cites circumstances under which a court of appeals may authorize an immediate appeal of an order or decree not otherwise appealable.(Sec. 1235) Revises requirements for an involuntary case brought against a person by three or more claimholding entities. Amends the requirement that a claim not be the subject of a bona fide dispute to specify a dispute as to liability or amount. Limits such a case only to undisputed claims (aggregating, as under current law, at least $10,775 more than the value of any lien on property securing such claims).(Sec. 1236) Makes debts incurred to pay fines or penalties imposed under Federal election law nondischargeable in bankruptcy.(Sec. 1237) Prohibits an insolvent political committee subject to Federal Election Commission jurisdiction from filing for bankruptcy.Title XIII: Consumer Credit Disclosure - Amends the Truth in Lending Act to require: (1) specified minimum payment warnings governing an open end credit plan on which finance charges are accruing; and (2) disclosure of a toll-free number to call for an estimate of the time required to repay the balance making only minimum payments. Requires the Federal Trade Commission (FTC) to establish a toll-free number for the same purpose in the case of a creditor with respect to which the FTC is enforcing compliance with such Act. Directs the Board of Governors of the Federal Reserve System (the Board) to promulgate implementing regulations.(Sec. 1301) Authorizes the Board to study and report to Congress on the types of information available to potential borrowers from consumer credit lending institutions regarding factors qualifying such borrowers for credit, repayment requirements, and the consequences of default.(Sec. 1302) Mandates additional disclosures in credit applications and advertising about credit extensions secured by a dwelling which exceed the dwelling's fair market value, stating that the interest on the excess portion of such extension is not tax deductible for Federal income tax purposes.(Sec. 1303) Requires specified additional disclosures for: (1) introductory rates and temporary annual percentage rates of interest; (2) Internet-based credit card solicitations; and (3) late payment deadlines and penalties.(Sec. 1306) Prohibits a creditor from terminating an open end consumer credit account before its expiration date solely because finance charges have not been incurred on such account.(Sec. 1307) Authorizes the Board to study and report to Congress on certain consumer protections limiting consumer liability for unauthorized use of a debit card or similar access device.(Sec. 1308) Instructs the Board to study and report to Congress on the impact that credit extensions to dependent students have upon the rate of bankruptcy cases filed under Federal law.(Sec. 1309) Instructs the Board to promulgate regulations to provide guidance regarding the meaning of the term ""clear and conspicuous"" as used in the Truth in Lending Act.Title XIV: Emergency Energy Assistance and Conservation Measures - Energy Emergency Response Act of 2001 - Amends the following Acts to provide increased funding through FY 2005 for energy programs: (1) the Low-Income Home Energy Assistance Act of 1981(for home energy grants); (2) the Energy Conservation and Production Act (for weatherization assistance); and (3) the Energy Policy and Conservation Act (for State energy conservation grants).(Sec. 1403) Amends the Low-Income Home Energy Assistance Act of 1981 to authorize, during FY 2001 only, State payments to households with incomes up to and including 200 percent of the poverty level for such State.(Sec. 1404) Amends the National Energy Conservation Policy Act (NECPA) to: (1) mandate that each Federal agency undertake a comprehensive review of practicable measures for increasing energy and water conservation, and for using renewable energy sources; (2) allow savings resulting from reduced operation and maintenance costs at replacement facilities to be recognized as an approved benefit ancillary to an energy savings or performance contract; and (3) repeal the termination dates governing the authority to enter into energy savings performance contracts (thus extending such authority indefinitely).Title XV: General Effective Date; Application of Amendments - Sets forth the effective  date of this Act and the application of its amendments.Title XVI: Miscellaneous Provisions - Instructs the Federal Crop Insurance Corporation to promulgate final regulations to implement specified statutory requirements for reimbursement of an applicant's research, development, and maintenance costs related to specified crop insurance policies without regard to: (1) specified notice requirements; (2) a certain Statement of Policy of the Secretary of Agriculture (relating to notices of proposed rulemaking); and (3) the Paperwork Reduction Act.",2026-03-09T19:31:35Z,https://www.congress.gov/bill/107th-congress/senate-bill/420
107-s-450,107,s,450,Financial Institution Privacy Protection Act of 2001,Finance and Financial Sector,2001-03-01,2001-04-26,Sponsor introductory remarks on measure. (CR S3987),Senate,"Sen. Nelson, Bill [D-FL]",FL,D,N000032,0,Financial Institution Privacy Protection Act of 2001 - Amends the Gramm-Leach-Bliley Act to condition financial institution disclosure of consumer nonpublic personal health information upon the consumer's affirmative consent in writing.Replaces the opt out requirements governing such a disclosure with a prohibition against denial of a financial service or product to any consumer based upon the consumer's refusal to grant consent to nonpublic personal information disclosure.Mandates that each financial institution designate a privacy compliance officer to ensure compliance with privacy requirements. Sets forth civil penalties for noncompliance.,2025-08-19T17:28:17Z,https://www.congress.gov/bill/107th-congress/senate-bill/450
107-s-451,107,s,451,Social Security Number Protection Act of 2001,Finance and Financial Sector,2001-03-01,2001-03-01,Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S1789),Senate,"Sen. Nelson, Bill [D-FL]",FL,D,N000032,0,Social Security Number Protection Act of 2001 - Prohibits the sale or purchase of a social security number.Sets forth civil and criminal penalties for violations.,2025-08-19T17:33:04Z,https://www.congress.gov/bill/107th-congress/senate-bill/451
107-s-398,107,s,398,International Counter-Money Laundering and Foreign Anticorruption Act of 2001,Finance and Financial Sector,2001-02-27,2001-02-27,"Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.",Senate,"Sen. Kerry, John F. [D-MA]",MA,D,K000148,4,"International Counter-Money Laundering and Foreign Anticorruption Act of 2001 - Authorizes the Secretary of the Treasury to require domestic financial institutions and agencies to take special measures, such as requiring record-keeping and reporting of certain transactions, identification of beneficial owners, and  limitations on payable through and correspondent accounts,  if the Secretary finds that a jurisdiction outside the United States, financial institutions operating abroad, or one or more classes of transactions within or involving a foreign jurisdiction is of primary money laundering concern.Immunizes from liability financial institutions and their staff making certain disclosures of possible legal violations to a government agency. Prohibits them from notifying anyone involved that the transaction has been reported.Sets penalties for violation of geographic targeting orders and record-keeping requirements.Amends: (1) the Federal Deposit Insurance Act to authorize an insured depository institution to disclose certain  information concerning the possible involvement of an  institution-affiliated party in potentially unlawful activity; and (2) the Annunzio-Wylie Anti-Money Laundering Act to make certain provisions of the Bank Secrecy Act applicable to it.Expresses the sense of Congress that: (1) in international deliberations, the U.S. Government should emphasize an approach that addresses governmental corruption; and (2) the United States should continue to actively and publicly support the objectives of the Financial Action Task Force on Money Laundering with regard to combating international money laundering.",2025-08-19T17:31:18Z,https://www.congress.gov/bill/107th-congress/senate-bill/398
107-s-324,107,s,324,Social Security Number Privacy Act of 2001,Finance and Financial Sector,2001-02-14,2001-02-14,"Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.",Senate,"Sen. Shelby, Richard C. [R-AL]",AL,R,S000320,0,Social Security Number Privacy Act of 2001 - Amends the Gramm-Leach-Bliley Act to require the Federal functional regulators to promulgate regulations restricting the sale and purchase of Social Security numbers and Social Security account numbers by financial institutions. Prohibits a financial institution from selling or purchasing a Social Security number or Social Security account number in violation of such regulations.,2025-08-19T17:32:41Z,https://www.congress.gov/bill/107th-congress/senate-bill/324
107-s-227,107,s,227,Municipal Deposit Insurance Protection Act of 2001,Finance and Financial Sector,2001-01-31,2001-01-31,"Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.",Senate,"Sen. Torricelli, Robert G. [D-NJ]",NJ,D,T000317,2,Municipal Deposit Insurance Protection Act of 2001 - Amends the Federal Deposit Insurance Act to mandate that deposits of an in-State municipal depositor at an insured depository institution be insured in their totality.,2025-08-19T17:32:17Z,https://www.congress.gov/bill/107th-congress/senate-bill/227
107-s-229,107,s,229,Interest on Business Checking Act of 2001,Finance and Financial Sector,2001-01-31,2001-01-31,"Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.",Senate,"Sen. Hagel, Chuck [R-NE]",NE,R,H001028,3,"Interest on Business Checking Act of 2001 - Amends the Federal Reserve Act, the Home Owners' Loan Act, and the Federal Deposit Insurance Act to: (1) provide that a depository institution may permit owners of interest or dividend paying accounts to make up to 24 transfers monthly for any purpose to their other demand deposits in the same institution; and (2) repeal the proscription against the payment of interest on demand deposits.Prescribes conditions for interest payments on escrow accounts.Amends the Federal Reserve Act to require a Federal reserve bank to pay interest at least quarterly on any balance maintained by a depository institution at the reserve bank to meet its reserve requirements.",2025-08-19T17:31:12Z,https://www.congress.gov/bill/107th-congress/senate-bill/229
107-s-220,107,s,220,Bankruptcy Reform Act of 2001,Finance and Financial Sector,2001-01-30,2001-01-31,Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 7.,Senate,"Sen. Grassley, Chuck [R-IA]",IA,R,G000386,6,"Bankruptcy Reform Act of 2001 - Amends Federal bankruptcy law governing: (1) conversion of bankruptcy petitions; (2) abusive creditor practices; (3) debt reaffirmation and credit counseling; (4) domestic support obligations; (5) personal injury claims resulting from drug or alcohol-impaired operation of a motor vehicle or vessel; (6) Federal criminal law enforcement with regard to abusive reaffirmations of debt; (7) fraudulent bankruptcy schedules; (8) education and retirement benefits; and (9) nondischarge from a debt for restitution or damages awarded in a civil action against the debtor for willful or malicious injury that caused personal injury or death of an individual.Prescribes guidelines regarding: (1) discouragement of bankruptcy abuse; (2) general and small business bankruptcy; (3) bankruptcy data dissemination and bankruptcy tax provisions; (4) ancillary and other cross-border cases to incorporate the Model Law on Cross-Border Insolvency; and (5) financial contracts and transfers entered into with an insolvent insured depository institution before its conservatorship or receivership.Reenacts Chapter 12, Adjustment of Debts of a Family Farmer with Regular Annual Income. Prescribes guidelines for insolvent health care businesses and attendant patients' rights.Mandates appointments  and extensions for certain additional temporary bankruptcy judgeships.Prescribes additional consumer credit disclosures.",2025-08-19T17:33:03Z,https://www.congress.gov/bill/107th-congress/senate-bill/220
107-s-178,107,s,178,"A bill to permanently reenact chapter 12 of title 11, United States Code, relating to family farmers.",Finance and Financial Sector,2001-01-25,2001-01-25,Read twice and referred to the Committee on the Judiciary.,Senate,"Sen. Wellstone, Paul D. [D-MN]",MN,D,W000288,6,"Reenacts chapter 12 (Adjustments of Debts of a Family Farmer) of the Federal bankruptcy code, as reenacted by division C of the Omnibus Consolidated and Emergency Supplemental Appropriations Act 1999 (thus making chapter 12 permanent).",2025-07-21T19:32:26Z,https://www.congress.gov/bill/107th-congress/senate-bill/178
107-s-192,107,s,192,Consumer Credit Fair Dispute Resolution Act of 2001,Finance and Financial Sector,2001-01-25,2001-01-25,Read twice and referred to the Committee on the Judiciary. (text of measure as introduced: CR S587),Senate,"Sen. Feingold, Russell D. [D-WI]",WI,D,F000061,1,"Consumer Credit Fair Dispute Resolution Act of 2001 - Amends Federal arbitration provisions to define: (1) ""consumer credit transaction"" as the right granted to a person to incur debt and defer its payment, where the credit is intended primarily for personal, family, or household purposes; and (2) ""consumer credit contract"" as any contract between the parties to a consumer credit transaction.Provides that any written provision in such a contract evidencing a transaction involving commerce to settle by arbitration a controversy arising out the contract, or the refusal to perform the whole or any part, shall not be valid or enforceable. Declares that nothing in this Act prohibits the enforcement of any written agreement to settle by arbitration a controversy arising out of such a contract if the agreement has been entered into by the parties to the contract after the controversy has arisen.",2025-08-19T17:32:51Z,https://www.congress.gov/bill/107th-congress/senate-bill/192
107-s-128,107,s,128,Meeting America's Investment Needs in Small Towns Act of 2001,Finance and Financial Sector,2001-01-22,2001-01-22,"Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.",Senate,"Sen. Johnson, Tim [D-SD]",SD,D,J000177,15,"Meeting America's Investment Needs in Small Towns Act of 2001- Amends the Federal Deposit Insurance Act to prescribe a formula for periodic adjustments to the maximum amount of deposit insurance coverage ($100,000), including an inflation adjustment.",2025-08-19T17:32:55Z,https://www.congress.gov/bill/107th-congress/senate-bill/128
107-s-143,107,s,143,Competitive Market Supervision Act of 2001,Finance and Financial Sector,2001-01-22,2001-05-25,Held at the desk.,Senate,"Sen. Gramm, Phil [R-TX]",TX,R,G000365,16,"Competitive Market Supervision Act of 2001 - Amends the Securities Act of 1933 to: (1) eliminate the general revenue fees on securities for the cost of the securities registration process; (2) set a uniform and higher rate for the offsetting collection fee schedule for FY 2002 through 2006; and (3) set a permanent rate for FY 2007 and thereafter (currently such rates phase out after FY 2006).(Sec. 2) Amends the Trust Indenture Act of 1939 to conform its filing fee requirements with this Act.(Sec. 3) Amends the Securities Exchange Act of 1934 to revise the filing fees related to the purchase of securities by issuers and to preliminary proxy solicitations to reflect such modified offsetting collection fee schedule.Mandates that fees collected during any fiscal year be deposited and credited as offsetting collections.(Sec. 4) Replaces the statutory transaction fee and assessment formula for either a national securities exchange or national securities association with a transaction offsetting collection rate which is the uniform rate required to reach a specified transaction fee cap for the fiscal year.(Sec. 5) Prescribes guidelines for adjustments to fee rates, including: (1) estimates of collections; (2) a floor for total fee and assessment collections; and (3) a cap on total fee and assessment collections.Instructs the Securities and Exchange Commission (SEC) to: (1) decrease or suspend the applicable fee rate to an amount that is not more than 110 percent of the cap on total fee collections if it projects that the aggregate amount of fees and assessments collected will exceed the cap on such collections by more than ten percent; and (2) explain to certain congressional committees the methodology used to make its estimates of collections.Exempts SEC determinations and actions from judicial review.Requires the SEC to notify each national securities exchange or national securities association prior to taking action with respect to either a total fee collection floor or a total fee collection cap.(Sec. 6) Amends public law governing Federal employees' performance to place SEC personnel compensation and benefits guidelines outside the purview of existing requirements for: (1) Personnel Research Programs and Demonstrations Projects; (2) classification schemes; and (3) pay rates and systems.Establishes an SEC personnel demonstration project. Authorizes the SEC to set and adjust rates of basic pay for all SEC employees, including additional compensation and benefits if the same type are then being provided under the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 by the Federal Deposit Insurance Corporation, the Comptroller of the Currency, the National Credit Union Administration Board, the Federal Housing Finance Board, the Thrift Depositor Protection Oversight Board, the Farm Credit Administration, or the Office of Thrift Supervision.Directs the SEC to develop an implementation plan for inclusion in its annual program performance report to the Director of the Office of Management and Budget. Requires a special report to specified congressional committees and the Office of Personnel Management.(Sec. 7) Instructs the SEC Office of Economic Analysis to study and report to Congress on the extent to which investors receive the benefits of fee reductions effected under this Act. Prescribes factors for consideration.",2026-03-09T19:31:33Z,https://www.congress.gov/bill/107th-congress/senate-bill/143
107-s-30,107,s,30,Financial Information Privacy Protection Act of 2001,Finance and Financial Sector,2001-01-22,2001-01-22,"Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S304-306)",Senate,"Sen. Sarbanes, Paul S. [D-MD]",MD,D,S000064,7,"Financial Information Privacy Protection Act of 2001 - Amends the Gramm-Leach-Bliley Act to provide that the customer's affirmative consent is a prerequisite to financial institution disclosure to affiliates of customer nonpublic personal information, including information about personal spending habits (currently such consent is only required for financial institution disclosure to nonaffiliated third parties).Emphasizes that this Act neither modifies, limits, nor supersedes standards established under the Health Insurance Portability and Accountability Act of 1996 with respect to the privacy and security of individually identifiable health information.Sets forth limits upon redisclosure and reuse of nonpublic consumer personal information received by an affiliated or nonaffiliated third party from a financial institution.Prescribes guidelines for: (1) consumer rights to access and correct information; and (2) Federal and State enforcement powers under this Act.Revises requirements for the timing of a financial institution's disclosure to consumers of its privacy policies and practices, including a new requirement that the disclosure first occur before a customer relationship is established (currently, when it is established).Prohibits a financial institution from disclosing to either an affiliate or nonaffiliated third party its customer's account number or comparable access number or code.Permits financial institution disclosure of nonpublic personal information: (1) in connection with performing services or functions solely on such institution's behalf regarding its own customers, including marketing of the institution's own products or services to its customers; and (2) in order to facilitate certain customer services.Directs specified Federal agencies, including the Federal Trade Commission, to prescribe implementing regulations.",2025-08-19T17:31:10Z,https://www.congress.gov/bill/107th-congress/senate-bill/30