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.
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 Inflation
Adjustment Amendments of 1993’’.
SEC. 2. FUTURE AUTOMATIC ADJUSTMENT OF CERTAIN
DOLLAR AMOUNTS.
Section 104 of title 11, United States Code, is
amended—
(1) by inserting ‘‘(a)’’ before ‘‘The’’, and
(2) by adding at the end the following:
‘‘(b)(1) On April 1, 1998, and at each 5-year interval
ending on April 1 thereafter, each dollar amount in effect
under sections 109(e), 303(b), 507(a), and 522(d) imme-
diately before such April 1 shall be adjusted—
‘‘(A) to reflect the change in the Consumer
Price Index For All Urban Consumers, published by
the Department of Labor, for the most recent 5-year
period ending immediately before January 1 preced-
ing such April 1, and
‘‘(B) to round to the nearest $25 the dollar
amount that represents such change.
‘‘(2) Not later than March 1, 1998, and at each 5-
year interval ending on March 1 thereafter, the Judicial
Conference of the United States shall publish in the Fed-
eral Register the dollar amounts that will become effective
on such April 1 under sections 109(e), 303(b), 507(a), and
522(d) of this title.
‘‘(3) Adjustments made in accordance with para-
graph (1) shall not apply with respect to cases commenced
before the date of such adjustments.’’.
SEC. 3. CURRENT DOLLAR ADJUSTMENTS.
(a) WHO MAY BE A DEBTOR UNDER CHAPTER 13.—
Section 109(e) of title 11, United States Code, is amend-
ed—
(1) by striking ‘‘unsecured debts of less than
$100,000 and noncontingent, liquidated, secured
debts of less than $350,000’’ and inserting ‘‘debts of
less than $1,000,000 (adjusted in accordance with
section 104(b)(1))’’, and
(2) by striking ‘‘unsecured debts that aggregate
less than $100,000 and noncontingent, liquidated,
secured debts of less than $350,000’’ and inserting
‘‘debts in the aggregate of less than $1,000,000 (ad-
justed in accordance with section 104(b)(1))’’.
(b) INVOLUNTARY CASES.—Section 303(b) of title
11, United States Code, is amended—
(1) in paragraph (1) by striking ‘‘$5,000’’ and
inserting ‘‘$10,000 (adjusted in accordance with sec-
tion 104(b)(1))’’, and
(2) in paragraph (2) by striking ‘‘$5,000’’ and
inserting ‘‘$10,000 (adjusted in accordance with sec-
tion 104(b)(1))’’.
(c) PRIORITIES.—Section 507(a) of title 11, United
States Code, is amended—
(1) in paragraph (3)(B) by striking ‘‘$2,000’’
and inserting ‘‘$4,000 (adjusted in accordance with
section 104(b)(1))’’,
(2) in paragraph (4)(B)(i) by striking ‘‘$2,000’’
and inserting ‘‘$4,000 (adjusted in accordance with
section 104(b)(1))’’,
(3) in paragraph (5) by striking ‘‘$2,000’’ and
inserting ‘‘$4,000 (adjusted in accordance with sec-
tion 104(b)(1))’’, and
(4) in paragraph (6) by striking ‘‘$900’’ and in-
serting ‘‘$1,800 (adjusted in accordance with section
104(b)(1))’’.
(d) EXEMPTIONS.—Section 522(d) of title 11, United
States Code, is amended—
(1) in paragraph (1) by striking ‘‘$7,500’’ and
inserting ‘‘$15,000 (adjusted in accordance with sec-
tion 104(b)(1))’’,
(2) in paragraph (2) by striking ‘‘$1,200’’ and
inserting ‘‘$2,400 (adjusted in accordance with sec-
tion 104(b)(1))’’,
(3) in paragraph (3)—
(A) by striking ‘‘$200’’ and inserting
‘‘$400 (adjusted in accordance with section
104(b)(1))’’, and
(B) by striking ‘‘$4,000’’ and inserting
‘‘$8,000 (adjusted in accordance with section
104(b)(1))’’,
(4) in paragraph (4) by striking ‘‘$500’’ and in-
serting ‘‘$1,000 (adjusted in accordance with section
104(b)(1))’’,
(5) in paragraph (5)—
(A) by striking ‘‘$400’’ and inserting
‘‘$800 (adjusted in accordance with section
104(b)(1))’’, and
(B) by striking ‘‘$3,750’’ and inserting
‘‘$7,500 (adjusted in accordance with section
104(b)(1))’’,
(6) in paragraph (6) by striking ‘‘$750’’ and in-
serting ‘‘$1,500’’,
(7) in paragraph (8) by striking ‘‘$4,000’’ and
inserting ‘‘$8,000 (adjusted in accordance with sec-
tion 104(b)(1))’’, and
(8) in paragraph (11)(D) by striking ‘‘$7,500’’
and inserting ‘‘$15,000 (adjusted in accordance with
section 104(b)(1))’’.
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