Legislation

Legislative Highlights Federal Reserve Proposes Scaled-Back Bank Capital Requirements Federal Reserve Vice Chair for Supervision Michael Barr on Sept. 10 unveiled changes to a proposed set of U.S. banking regulations that roughly cuts in half the extra capital that the

Legislative Highlights Legislation Aims to Deter “Texas Two-Step” Maneuver in Bankruptcy U.S. Senators Sheldon Whitehouse (D-R.I.) and Josh Hawley (R-Mo.), and Representatives Emilia Sykes (D-Ohio) and Lance Gooden (R-Texas), on July 23 introduced the “Ending Corporate

Has Congress Opted Out of the Bankruptcy Clause? By Zachary A. Phillips More than two years have passed since the U.S. Supreme Court used the Bankruptcy Clause in Siegel v. Fitzgerald to rule that the differing fee systems for chapter 11 cases were unconstitutional

Legislative Highlights Number of Borrowers Utilizing New Student Loan Discharge Process Continues to Increase The Justice Department, in close coordination with the Department of Education, announced 1 on July 17 that the vast majority of student loan borrowers seeking

Legislative Highlights “Corporate Crimes Against Health Care Act of 2024” Introduced in Response to Steward Health Care Bankruptcy Sens. Elizabeth Warren and Ed Markey (D-Mass.) on June 11 introduced a new bill 1 aiming to crack down on “private equity abuse in the

One senator is blocking an extension of the $7.5 million debt cap for Subchapter V and the $2.75 cap for chapter 13.

ABI’s Resident Scholar Program to Restart in the Fall By Carolyn M. Kanon and Hon. Hannah L. Blumenstiel ABI will be restarting its Robert M. Zinman Scholar-in-Residence program starting with the fall 2024 semester. Funded by ABI’s Anthony H.N. Schnelling Endowment Fund

Legislative Highlights Senate Leaders Take Different Legislative Paths to Curb ‘Judge-Shopping’ Senate Majority Leader Chuck Schumer (D-N.Y.) and Senate Minority Leader Mitch McConnell (R-Ky.) on April 10 each introduced legislation that would alter how certain cases

President’s Column After spending the past year shadowing our outgoing ABI President, Soneet R. Kapila of KapilaMukamal, LLP (Fort Lauderdale, Fla.), I look forward to following in his footsteps as ABI President. His work with the Subchapter V Task Force has been

Legislative Highlights U.S. Judicial Conference Aims to Promote Random Case Assignment The Judicial Conference of the United States on March 12 proposed strengthening the policy governing random case assignment, limiting the ability of litigants to effectively choose