President Signs Small Business Reorganization Act Into Law

President Donald J. Trump on August 23, 2019, signed the “Small Business Reorganization Act of 2019” (SBRA; H.R. 3311) into law. The bipartisan legislation, which ABI testified in support of in June, passed the House in late July and the Senate on August 1. The law will take effect in February 2020. The SBRA is inspired by the work of the National Bankruptcy Conference and ABI’s Commission to Study the Reform of Chapter 11. Click here to read the full press release.