House Passed Amended Bankruptcy Bill/Senate Did Not Act
January 2003
In 2002, the House failed to pass H.R. 333, the Bankruptcy Reform Act conference report, and instead passed an amended version of the bill. The bankruptcy bill contained pro-commercial real estate provisions such as providing for protections for shopping center owners and eliminating a loophole which allowed for residential rental tenant abuse of the code. The amended version of the bill passed by the House removed a controversial provision on abortion clinic violence that was agreed to in the conference report of the bill. The Senate was unwilling to consider the bill without the provision related to abortion therefore the legislation died with the 107th Congressional Session. As in years past, IREM, along with the National Association of REALTORS^® (NAR) and other commercial real estate organizations, will work to get these provisions introduced again in the next Congress.