NRA-Backed "Protecting Gun Owners in Bankruptcy Act of 2010" Passes U.S. House
On Wednesday, July 28, by a margin of 307-113, a bipartisan majority of the U.S. House of Representatives voted to amend the federal definition of protected "household goods" to include firearms on the list of items that cannot be seized by creditors in a bankruptcy proceeding.
NRA-supported H.R. 5827, offered by U.S. Representative John Boccieri (OH-16), would ensure that a person who files for bankruptcy would not lose the constitutionally- protected means of protecting themselves and their families. The bill sets a cap of $3,000 on the value of a firearm collection eligible for the protection, so people in bankruptcy proceedings can continue to own serviceable firearms.
The Senate companion bill is S.B. 3654, sponsored by Sen. Patrick Leahy (D-VT).