Press release:
Congresswoman Claudia Tenney (NY-24) yesterday introduced the Protecting Gun Owners in Bankruptcy Act. This bill would exempt $3,000 worth of firearms from bankruptcy proceedings, allowing Americans to maintain their Second Amendment rights through tough financial times.
Current bankruptcy law allows debtors to maintain items to support a base quality of life, including a primary residency, car, clothing, household appliances, and even musical instruments. But there is no current exemption for a firearm that can be used for self-defense, a constitutional right. This important piece of legislation ensures that Americans can keep their firearms to defend themselves, no matter their financial state.
“No American should ever have to sacrifice their constitutional rights because of their financial situation,” said Congresswoman Tenney. “The Second Amendment is a constitutional right for all Americans, even those experiencing financial hardship. I am honored to lead this important legislation that protects the rights of gun owners everywhere, no matter their financial situation.”
Additional co-sponsors include Rep. Paul Gosar (AZ-9), Rep. Randy Weber (TX-14), and Rep. Doug Lamborn (CO-5).
Read the full text of the bill here.
