I

103D CONGRESS

1ST SESSION H. R. 1998

To amend title 11 of the United States Code to provide for the adjustment

of certain dollar amounts.

IN THE HOUSE OF REPRESENTATIVES

MAY 5, 1993

Mr. EDWARDS of California introduced the following bill; which was referred

to the Committee on the Judiciary

A BILL

To amend title 11 of the United States Code to provide

for the adjustment of certain dollar amounts.

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled,

3 SECTION 1. SHORT TITLE.

4 This Act may be cited as the ‘‘Bankruptcy Inflation

5 Adjustment Amendments of 1993’’.

6 SEC. 2. FUTURE AUTOMATIC ADJUSTMENT OF CERTAIN

7 DOLLAR AMOUNTS.

8 Section 104 of title 11, United States Code, is

9 amended—

10 (1) by inserting ‘‘(a)’’ before ‘‘The’’, and
2

•HR 1998 IH

1 (2) by adding at the end the following:

2 ‘‘(b)(1) On April 1, 1998, and at each 5-year interval

3 ending on April 1 thereafter, each dollar amount in effect

4 under sections 109(e), 303(b), 507(a), and 522(d) imme5 diately before such April 1 shall be adjusted—

6 ‘‘(A) to reflect the change in the Consumer

7 Price Index For All Urban Consumers, published by

8 the Department of Labor, for the most recent 5-year

9 period ending immediately before January 1 preced10 ing such April 1, and

11 ‘‘(B) to round to the nearest $25 the dollar

12 amount that represents such change.

13 ‘‘(2) Not later than March 1, 1998, and at each 5-

14 year interval ending on March 1 thereafter, the Judicial

15 Conference of the United States shall publish in the Fed16 eral Register the dollar amounts that will become effective

17 on such April 1 under sections 109(e), 303(b), 507(a), and

18 522(d) of this title.

19 ‘‘(3) Adjustments made in accordance with para20 graph (1) shall not apply with respect to cases commenced

21 before the date of such adjustments.’’.

22 SEC. 3. CURRENT DOLLAR ADJUSTMENTS.

23 (a) WHO MAY BE A DEBTOR UNDER CHAPTER 13.—

24 Section 109(e) of title 11, United States Code, is amend25 ed—
3

•HR 1998 IH

1 (1) by striking ‘‘unsecured debts of less than

2 $100,000 and noncontingent, liquidated, secured

3 debts of less than $350,000’’ and inserting ‘‘debts of

4 less than $1,000,000 (adjusted in accordance with

5 section 104(b)(1))’’, and

6 (2) by striking ‘‘unsecured debts that aggregate

7 less than $100,000 and noncontingent, liquidated,

8 secured debts of less than $350,000’’ and inserting

9 ‘‘debts in the aggregate of less than $1,000,000 (ad10 justed in accordance with section 104(b)(1))’’.

11 (b) INVOLUNTARY CASES.—Section 303(b) of title

12 11, United States Code, is amended—

13 (1) in paragraph (1) by striking ‘‘$5,000’’ and

14 inserting ‘‘$10,000 (adjusted in accordance with sec15 tion 104(b)(1))’’, and

16 (2) in paragraph (2) by striking ‘‘$5,000’’ and

17 inserting ‘‘$10,000 (adjusted in accordance with sec18 tion 104(b)(1))’’.

19 (c) PRIORITIES.—Section 507(a) of title 11, United

20 States Code, is amended—

21 (1) in paragraph (3)(B) by striking ‘‘$2,000’’

22 and inserting ‘‘$4,000 (adjusted in accordance with

23 section 104(b)(1))’’,
4

•HR 1998 IH

1 (2) in paragraph (4)(B)(i) by striking ‘‘$2,000’’

2 and inserting ‘‘$4,000 (adjusted in accordance with

3 section 104(b)(1))’’,

4 (3) in paragraph (5) by striking ‘‘$2,000’’ and

5 inserting ‘‘$4,000 (adjusted in accordance with sec6 tion 104(b)(1))’’, and

7 (4) in paragraph (6) by striking ‘‘$900’’ and in8 serting ‘‘$1,800 (adjusted in accordance with section

9 104(b)(1))’’.

10 (d) EXEMPTIONS.—Section 522(d) of title 11, United

11 States Code, is amended—

12 (1) in paragraph (1) by striking ‘‘$7,500’’ and

13 inserting ‘‘$15,000 (adjusted in accordance with sec14 tion 104(b)(1))’’,

15 (2) in paragraph (2) by striking ‘‘$1,200’’ and

16 inserting ‘‘$2,400 (adjusted in accordance with sec17 tion 104(b)(1))’’,

18 (3) in paragraph (3)—

19 (A) by striking ‘‘$200’’ and inserting

20 ‘‘$400 (adjusted in accordance with section

21 104(b)(1))’’, and

22 (B) by striking ‘‘$4,000’’ and inserting

23 ‘‘$8,000 (adjusted in accordance with section

24 104(b)(1))’’,
5

•HR 1998 IH

1 (4) in paragraph (4) by striking ‘‘$500’’ and in2 serting ‘‘$1,000 (adjusted in accordance with section

3 104(b)(1))’’,

4 (5) in paragraph (5)—

5 (A) by striking ‘‘$400’’ and inserting

6 ‘‘$800 (adjusted in accordance with section

7 104(b)(1))’’, and

8 (B) by striking ‘‘$3,750’’ and inserting

9 ‘‘$7,500 (adjusted in accordance with section

10 104(b)(1))’’,

11 (6) in paragraph (6) by striking ‘‘$750’’ and in12 serting ‘‘$1,500’’,

13 (7) in paragraph (8) by striking ‘‘$4,000’’ and

14 inserting ‘‘$8,000 (adjusted in accordance with sec15 tion 104(b)(1))’’, and

16 (8) in paragraph (11)(D) by striking ‘‘$7,500’’

17 and inserting ‘‘$15,000 (adjusted in accordance with

18 section 104(b)(1))’’.

Æ