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Protecting Firearms in Bankruptcy: New Rules for Gun Owners.

This act amends bankruptcy laws, allowing individuals filing for bankruptcy to keep firearms valued up to $3,000. This means firearms, previously treated like other assets, can now be protected from seizure in bankruptcy proceedings, directly impacting gun owners' finances and rights.
Key points
Ability to keep firearms: Individuals filing for bankruptcy can protect firearms with a total value of up to $3,000 from being seized.
New rules take effect immediately upon enactment and apply to bankruptcy cases commenced on or after that date.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_HR_4064
Sponsor: Rep. Tenney, Claudia [R-NY-24]
Process start date: 2025-06-20
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Protecting Gun Owners in Bankruptcy Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_4064.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-06-20.

What are the main provisions?

Key points include:

  • Ability to keep firearms: Individuals filing for bankruptcy can protect firearms with a total value of up to $3,000 from being seized.
  • New rules take effect immediately upon enactment and apply to bankruptcy cases commenced on or after that date.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Tenney, Claudia [R-NY-24].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on the Judiciary.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-22.

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