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Highlight Updates 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.131 This explanation is mostly identical to the House report on the bill,132 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 that had previously passed the Senate133 and its accompanying committee report134 sheds further light on the decisions and compromises that were made in the legislative process.


  • 131 {126} 140 Cong. Rec. H10,752–H10,773 (daily ed. Oct. 4, 1994).

  • 132 {127} H.R. Rep. No. 103-835 (1994), reprinted in 1994 U.S.C.C.A.N. 3340.

  • 133 {128} S. 540, 103d Cong. (1994).

  • 134 {129} S. Rep. No. 103-168 (1993).