legislation: 100-s-2279

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
100-s-2279 100 s 2279 A bill to amend title 11 of the United States Code, the bankruptcy code, regarding swap agreements. Finance and Financial Sector 1988-04-13 1988-10-24 Referred to Subcommittee on Monopolies and Commercial Law. Senate Sen. DeConcini, Dennis [D-AZ] AZ D D000185 1 Amends Federal bankruptcy law to define "swap agreements" and "swap participant." Exempts various transactions in connection with interest rate and currency swap agreements from the automatic stay triggered by the filing of a bankruptcy petition. Prohibits the trustee in bankruptcy from avoiding any transfer made under a swap agreement before commencement of the bankruptcy case or any setoff in connection with a swap agreement if the offset is made within 90 days prior to the bankruptcy filing. Provides that the contractual right of a nonbankrupt party to a swap agreement to terminate the agreement shall not be stayed or otherwise limited under Federal bankruptcy law or by related judicial or administrative proceedings. 2025-07-21T19:32:26Z  

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