HR 1140: Aircraft Equipment Settlement Leases Act of 1993

Congress: 103 · Status: active · Israel/Palestine classification: neutral

Data (JSON) — machine-readable record of this bill (identifiers, sponsor, classification, actions, and the member-by-member vote breakdown).

Sponsor: Rep. Brooks, Jack B. [D-TX-9] (D-TX)

Summary

Aircraft Equipment Settlement Leases Act of 1993 - Treats certain pension liability settlement leases involving aircraft equipment (or vessels) as leases for purposes of the Federal bankruptcy code if any agreements settling such liability: (1) involve at least one party who was a debtor under the code; (2) were, are, or will be made with the Pension Benefit Guaranty Corporation under the Employee Retirement Income Security Act of 1974 (ERISA); and (3) stipulate that the leases shall be so treated.

Cosponsors (2)