IB
Union Calendar No. 188
105TH CONGRESS
1ST SESSION
H. R. 764
[Report No. 105–324]
To make technical corrections to title 11, United States Code, and for other
purposes.
IN THE HOUSE OF REPRESENTATIVES
FEBRUARY 13, 1997
Mr. HYDE (for himself, Mr. GEKAS, and Mr. MCCOLLUM) introduced the
following bill; which was referred to the Committee on the Judiciary
OCTOBER 21, 1997
Reported with an amendment, committed to the Committee of the Whole
House on the State of the Union, and ordered to be printed
[Strike out all after the enacting clause and insert the part printed in italic]
[For text of introduced bill, see copy of bill as introduced on February 13, 1997]
A BILL
To make technical corrections to title 11, United States
Code, and for other purposes.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ‘‘Bankruptcy Amend-
ments of 1997’’.
SEC. 2. DEFINITIONS.
Section 101 of title 11, United States Code, is amend-
ed—
(1) by striking ‘‘In this title—’’ and inserting
‘‘In this title:’’,
(2) in each paragraph by inserting ‘‘The term’’
after the paragraph designation,
(3) in paragraph (35)(B) by striking ‘‘para-
graphs (21B) and (33)(A)’’ and inserting ‘‘para-
graphs (23) and (35)’’,
(4) in paragraphs (35A) and (38) by striking ‘‘;
and’’ at the end and inserting a period,
(5) in paragraph (51B)—
(A) by inserting ‘‘who is not a family farm-
er’’ after ‘‘debtor’’ the first place it appears, and
(B) by striking ‘‘$4,000,000’’ and inserting
‘‘$15,000,000 as of the date of the filing of the
petition’’,
(6) by amending paragraph (54) to read as fol-
lows:
‘‘(54) The term ‘transfer’ means—
‘‘(A) creation of a lien;
‘‘(B) retention of title as a security interest;
‘‘(C) foreclosure of the debtor’s equity of re-
demption; or
‘‘(D) every mode, direct or indirect, absolute
or conditional, voluntary or involuntary, of dis-
posing of or parting with property or with an
interest in property;’’,
(7) in paragraphs (1) through (35), in para-
graphs (36) and (37), and in paragraphs (40)
through (55), including paragraph (54) as added by
this section, by striking the semicolon at the end and
inserting a period, and
(8) by redesignating paragraphs (4) through
(55), including paragraph (54) as added by this sec-
tion, in entirely numerical sequence.
SEC. 3. ADJUSTMENT OF DOLLAR AMOUNTS.
Section 104 of title 11, United States Code, is amended
by inserting ‘‘522(f)(3),’’ after ‘‘522(d),’’ each place it ap-
pears.
SEC. 4. EXTENSION OF TIME.
Section 108(c)(2) of title 11, United States Code, is
amended by striking ‘‘922’’ and all that follows through
‘‘or’’, and inserting ‘‘922, 1201, or’’.
SEC. 5. PENALTY FOR PERSONS WHO NEGLIGENTLY OR
FRAUDULENTLY PREPARE BANKRUPTCY PE-
TITIONS.
Section 110(j)(3) of title 11, United States Code, is
amended 
by 
striking 
‘‘attorney’s’’ 
and 
inserting
‘‘attorneys’ ’’.
SEC. 6. LIMITATION ON COMPENSATION OF PROFESSIONAL
PERSONS.
Section 328(a) of title 11, United States Code, is
amended by inserting ‘‘on a fixed or percentage fee basis,’’
after ‘‘hourly basis,’’.
SEC. 7. COMPENSATION TO OFFICERS.
Section 330(a) of title 11, United States Code, is
amended—
(1) in paragraph (1) by inserting ‘‘, or the debt-
or’s attorney’’ after ‘‘1103’’, and
(2) in paragraph (3) by striking ‘‘(3)(A) In’’
and inserting ‘‘(3) In’’.
SEC. 8. SPECIAL TAX PROVISIONS.
Section 346(g)(1)(C) of title 11, United States Code,
is amended by striking ‘‘, except’’ and all that follows
through ‘‘1986’’.
SEC. 9. EFFECT OF CONVERSION.
Section 348(f)(2) of title 11, United States Code, is
amended by inserting ‘‘of the estate’’ after ‘‘property’’ the
first place it appears.