Section 1 Short title
This Act may be cited as the “Protecting Gun Owners in Bankruptcy Act of 2017”.
Protecting Gun Owners in Bankruptcy Act of 2017
A BILL
To amend title 11 of the United States Code to include firearms in the types of property allowable under the alternative provision for exempting property from the estate.
Sec. 2 Exemptions
Section 522 of title 11, United States Code, is amended—
in subsection (d) by adding at the end the following:
“(13) The debtor's aggregate interest, not to exceed $3,000 in value, in a single firearm or firearms.”
in subsection (f)(4)(A)—
in clause (xiv) by striking “and” at the end;
in clause (xv) by striking the period at the end and inserting “; and”; and
by adding at the end the following:
“(xvi) The debtor's aggregate interest, not to exceed $3,000 in value, in a single firearm or firearms.”
Sec. 3 Effective date; application of amendments
Effective date— Except as provided in subsection (b), this Act and the amendments made by this Act shall take effect on the date of the enactment of this Act.
Application of amendments— The amendments made by this Act shall apply only with respect to cases commenced under title 11 of the United States Code on or after the date of the enactment of this Act.