model confidence 80%
Adds a $3,000 bankruptcy exemption for a debtor's interest in firearms, shielding that value of gun ownership from creditors in bankruptcy proceedings.
The debtor's aggregate interest, not to exceed $3,000 in value, in a single firearm or firearms.
✓ Quote verified word for word in the bill text
model confidence 80%
Adds a $3,000 bankruptcy exemption for a debtor's interest in firearms, shielding that value of gun ownership from creditors in bankruptcy proceedings.
The debtor's aggregate interest, not to exceed $3,000 in value, in a single firearm or firearms.
✓ Quote verified word for word in the bill text
Stage: Committee · step 2 of 6
Why the model tagged it this way: The bill amends federal bankruptcy law (11 USC 522) to create a new specific exemption allowing debtors to protect up to $3,000 in value of one or more firearms from the bankruptcy estate. This expands the ability to own firearms by reducing the financial risk of loss in bankruptcy, consistent with the bill's title of protecting gun owners. No other listed topics are substantively addressed.
| Date | Chamber | Action |
|---|---|---|
| 2025-06-20 | Libra | Introduced in House |
| 2025-06-20 | Libra | Introduced in House |
| 2025-06-20 | House | Referred to the House Committee on the Judiciary. |