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1.5.1.4 The Bankruptcy Reform Act of 1994

Like much other bankruptcy legislation, the Bankruptcy Reform Act of 1994 was passed in a flurry of last minute activity, so there is no conference report detailing the final compromises between the House and Senate versions of the bill. Instead, these compromises were worked out as the bill was being considered in the House Judiciary Committee and during the time between its passage out of that committee and its consideration on the House floor. The final explanation of the bill is contained in floor statements made when it was considered on the House floor.122 This explanation is mostly identical to the House report on the bill,123 except as to those provisions that were changed after the bill was voted out of the House Judiciary Committee. A comparison of the final bill to the bill which had previously passed the Senate124 and its accompanying committee report125 sheds further light on the decisions and compromises that were made in the legislative process.

Footnotes

  • 122 {120} 140 Cong. Rec. H10,752–H10,773 (daily ed. Oct. 4, 1994).

  • 123 {121} H.R. Rep. No. 103-835 (1994), reprinted in 1994 U.S.C.C.A.N. 3340.

  • 124 {122} S. 540, 103d Cong. (1994).

  • 125 {123} S. Rep. No. 103-168 (1993).