Bankruptcy Venue Reform Act
Bill Summary
Restricts where companies can file for bankruptcy, limiting it to the location where they are incorporated or have their main assets. Requires companies to file for bankruptcy in a court that is connected to their main business location.
Sponsored By
Bill Journey
- Mar 26, 2026
- Mar 26, 2026You Are Here
The committee will review the bill, debate amendments, and vote on whether to advance it to the full chamber.
- TBD
The full chamber debates the bill, may amend it, and votes on whether to pass it.
- TBD
If passed by the first chamber, the other chamber considers, may amend, and votes on the bill.
- TBD
If passed by both chambers, the bill goes to the President to sign into law or veto.
Why It Matters
This bill affects large corporations and their creditors, potentially changing where and how they navigate the bankruptcy process. It may also impact the courts and legal professionals who handle bankruptcy cases, as they would need to adapt to the new venue restrictions.
Impact Areas
Support & Opposition
- Democratic1
- Republican1
Documents
1
Full text opens on congress.gov, the official source.
Cosponsors (1)
Bill Details
- Economy
Summary and impact analysis written by Judy (KnowGov's enrichment AI). Bill metadata, status, sponsor, and any floor votes from Prism. Sections marked “Sample” are placeholders not yet connected to live data.