This bill amends federal bankruptcy law to prevent organizations and individuals from using bankruptcy proceedings to avoid liability for claims related to child sexual abuse. The legislation defines "sexual abuse of a child" to include various federal crimes and similar state offenses, and requires bankruptcy courts to hold conferences within 60 days to hear victim impact statements in cases involving such allegations. The bill also prohibits sealing evidence of alleged child sexual abuse crimes except to protect victims' identities, requires courts to hire independent forensic accountants to review assets in cases involving nonprofit organizations accused of abuse, and prevents certain types of bankruptcy filings (subchapter 5) from being used for claims arising from child sexual abuse. Additionally, the legislation ensures that claims related to child sexual abuse are considered timely filed regardless of state statutes of limitation, and mandates that debtors and affiliated entities fully disclose information about abuse allegations and their response to them during bankruptcy examinations. The bill contains no specified funding or timeline for implementation.
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