When a major employer goes bankrupt, the outcome affects the lives of thousands of local workers and the stability of the local economy. Currently, those people are often shut out of the process because the case is heard in a court halfway across the country. This creates a system where a few specific courts in a couple of states handle almost all major bankruptcies, giving them outsized influence over national business laws.

If this bill becomes law, it would ensure that bankruptcy cases are more transparent and accessible to the people most impacted by them. It prevents corporations from "gaming the system" to find judges they think will be more lenient, and it ensures that judges across the entire country—not just in one or two states—get to decide important questions about how businesses are restructured.