S.Amdt. 129Senate109th Congress (2005-2007)2nd degree

To limit the exemption for asset protection trusts.

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Roll call votes on amendments in Senate: Amendment SA 129 not agreed to in Senate by Yea-Nay. 43 - 56. Record Vote Number: 41.

March 10, 2005

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Roll call votes on amendments in Senate: Amendment SA 129 not agreed to in Senate by Yea-Nay. 43 - 56. Record Vote Number: 41.

March 10, 2005

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Senate amendment not agreed to: Amendment SA 129 not agreed to in Senate by Yea-Nay. 43 - 56. Record Vote Number: 41.

March 10, 2005

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Considered by Senate. (consideration: CR S2416, S2427-2428)

March 10, 2005

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Amendment SA 129 not agreed to in Senate by Yea-Nay. 43 - 56. Record Vote Number: 41.

March 10, 2005

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Considered by Senate. (consideration: CR S2307, S2342)

March 9, 2005

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Considered by Senate. (consideration: CR S2200)

March 8, 2005

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Senate amendment submitted

March 7, 2005

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Senate amendment proposed (on the floor): Amendment SA 129 proposed by Senator Schumer to Amendment SA 121.(consideration: CR S2138-2139; text: CR S2138)

March 7, 2005

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Amendment SA 129 proposed by Senator Schumer to Amendment SA 121. (consideration: CR S2138-2139; text: CR S2138) To limit the exemption for asset protection trusts.

March 7, 2005

Votes

1 roll call on this amendment

SENATE

Roll Call Available

March 10, 2005 at 2:57 PM

On the Amendment S.Amdt. 129 to S.Amdt. 121 to S. 256 (Bankruptcy Abuse Prevention and Consumer Protection Act of 2005)

Majority required: 1/2 (50%)

Failed

43 - 56

Text

Submitted

Proposed · Mar 8, 2005 Submitted · Mar 7, 2005

Formatted text PDF

SA 129. Mr. SCHUMER proposed an amendment to amendment SA 121
submitted by Mr. Talent to the bill S. 256, to amend title 11 of the
United States Code, and for other purposes; as follows:

Beginning on page 1 of the amendment, strike all after (4)
and insert the following:
``(e)(1) In addition to any transfer that the trustee may
otherwise avoid, the trustee may avoid any transfer of an
interest of the debtor in property that was made on or within
10 years before the date of the filing of the petition, if--
``(A) such transfer was made to a self-settled trust or
similar device;
``(B) such transfer was by the debtor; and
``(C) the debtor is a beneficiary of such trust or similar
device.
``(2) Paragraph (1) shall not apply to the trusts specified
in section 522(d)(12).''.

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