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Aircraft Equipment Settlement Leases Act of 1993

Public Law 103-7 · S. 400 · 103rd Congress · began in the Senate

Signed by Bill Clinton (D) on Mar 17, 1993 · Labor and Employment

Sponsor: Sen. Jim Jeffords (R-VT)

Cosponsors (1): Sen. Ben Campbell

Passage votes

  • HouseUnanimous consent
  • SenateVoice vote
Data notes

The final version of the law, as each chamber passed it. A chamber that passed it by voice vote or unanimous consent has no count. “Method not stated” means the record does not say how the chamber voted. Where the record has a member-by-member vote, the “Who voted for it” section shows who voted yea.

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Summary

The Congressional Research Service’s plain-language summary of what the law does.

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.

Committees

The committees the bill was sent to, and what each did with it.

Data notes

A committee links to its page only where it exists in the current Congress; older and renamed committees are named without a link.

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Timeline

From introduction to signing, newest first: the committees, the floor and the president. 13 actions.

  1. Mar 17, 1993Became lawBecame law · Became Public Law No: 103-7.
  2. Became lawBecame law · Signed by President.
  3. Mar 16, 1993PresidentPresident · Presented to President.
  4. FloorFloor · A similar measure H.R. 1140 was laid on the table without objection.
  5. FloorFloor · Motion to reconsider laid on the table Agreed to without objection.
  6. FloorFloor · On passage Passed without objection.
  7. FloorFloor · Mr. Brooks asked unanimous consent to take from the Speaker's table and consider.
  8. FloorFloor · Considered by unanimous consent.
  9. Mar 12, 1993CommitteeCommittee · Discharged from Senate Health, Education, Labor, and Pensions Committee
  10. Mar 11, 1993FloorFloor · Passed Senate with an amendment by Voice Vote.
  11. FloorFloor · Measure laid before Senate by unanimous consent.
  12. Feb 18, 1993CommitteeCommittee · Referred to Senate Health, Education, Labor, and Pensions Committee
  13. IntroducedIntroduced · Introduced in the Senate
Data notes

Shows the introduction, each committee and subcommittee step the source dates (referral, hearings, markup, report, discharge), and the floor, conference, presidential and became-law steps. Calendar placements, messages between the chambers, amendments and committee report numbers are not shown for laws before the 108th Congress. Two entries the source lists twice are shown once.

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Official record

The bill’s full text and every action, including introduction and committee steps, are on Congress.gov. Data through Oct 7, 2026.