(1) in subparagraph (B) by striking ‘‘and’’ at
the end,
(2) in subparagraph (C) by striking the period
and inserting ‘‘; and’’,
(3) by adding at the end the following:
‘‘(D) satisfy any penalty rate or provision relat-
ing to a default arising from any failure by the debt-
or to perform the obligations under the contract or ex-
ecutory lease after the order for relief.’’.
(b) PERFORMANCE.—Section 365(d) of title 11, United
States Code is amended by adding at the end the following:
‘‘(10) The trustee shall timely perform all of the
obligations of the debtor, except those specified in sec-
tion 365(b)(2), arising more than 60 days after the
order for relief in a case under chapter 11 of this title
under an unexpired lease of personal property (other
than personal property leased to an individual pri-
marily for personal, family, or household purposes),
unless the court, after notice and a hearing and based
on cause or the equities of the case, orders otherwise.’’.
(c) LIMITATION.—Section 365(e) of title 11, United
States Code is amended by adding at the end the following:
‘‘This subsection shall apply to property that is subject to
any unexpired lease of personal property (to the exclusion
of such property being subject to an order to lift the stay
under section 362).’’.
SEC. 221. EXEMPTION FOR SMALL BUSINESS INVESTMENT
COMPANIES.
Section 109 of title 11, United States Code, is amended
by adding at the end the following:
‘‘(h) A small business investment company licensed by
the Small Business Administration under subsection (c) or
(d) of section the Small Business Investment Act of 1958
may not be a debtor under chapter 11 of this title.’’.
SEC. 222. PAYMENT OF TAXES WITH BORROWED FUNDS.
Section 523(a) of title 11, United States Code is
amended—
(1) in paragraph (13) by striking the period at
the end and inserting a semicolon, and
(3) by adding at the end the following:
‘‘(14) incurred to pay a tax to the United States
that would be nondischargeable pursuant to para-
graph (1);’’.
SEC. 223. RETURN OF GOODS.
(a) LIMITATION ON AVOIDING POWERS.—Section 546
of title 11, United States Code, is amended by adding at
the end the following:
‘‘(g) Notwithstanding the rights and powers of a trust-
ee under sections 544(a), 545, 547, 549, and 553, if the
court determines on a motion by the trustee made not later
than 120 days after the date of the order for relief in a
case under chapter 11 of this title and after notice and a
hearing, that a return is in the best interests of the estate,
the debtor, with the consent of a creditor, may return goods
shipped to the debtor by the creditor before the commence-
ment of the case, and the creditor may offset the purchase
price of such goods against any claim of the creditor against
the debtor that arose before the commencement of the case.’’.
(b) SETOFF.—Section 553(b)(1) is amended by insert-
ing ‘‘546(h),’’ after ‘‘365(h)(2),’’.
SEC. 224. PROCEEDS OF MONEY ORDER AGREEMENTS.
Section 541(b)(1) of title 11, United States Code, as
amended by section 213, is amended by inserting after
paragraph (5) the following:
‘‘(6) any interest in cash or cash equivalents that
constitute proceeds of a sale by the debtor of a money
order that is made—
‘‘(A) on or after the date that is 14 days
prior to the date on which the petition is filed;
and
‘‘(B) under an agreement with a money
order issuer that prohibits the commingling of
such proceeds with property of the debtor (not-
withstanding that, contrary to the agreement, the
proceeds may have been commingled with prop-
erty of the debtor),
unless the money order issuer had not taken action,
prior to the filing of the petition, to require compli-
ance with the prohibition;’’.
SEC. 225. AIRPORT LEASES.
(a) 
EXECUTORY
CONTRACTS
AND
UNEXPIRED
LEASES.—Section 365(d) of title 11, United States Code,
as amended by section 220, is amended by adding at the
end the following:
‘‘(11) Notwithstanding paragraphs (1), (2), and (4),
if the trustee in a case under any chapter of this title does
not assume or reject an unexpired lease or executory con-
tract with an airport operator under which the debtor has
a right to the use or possession of an airport terminal, air-
craft gate, or related facility within 270 days after the date
of the order for relief, or within such additional time as
the court sets during such 270-day period, such lease or ex-
ecutory contract is deemed rejected unless the court finds
in such period (including such additional time) that the
debtor’s failure to assume or reject such lease or such con-
tract in such period is attributable to circumstances for
which the debtor should not be held accountable.’’.
SEC. 226. TRUSTEE DUTIES.
Section 586(a)(3)(A) of title 28, United States Code,
is amended to read as follows:
‘‘(A)(i) reviewing, in accordance with proce-
dural guidelines adopted by the Executive Office
of the United States Trustee (which guidelines
shall be applied uniformly by the United States
trustee except when circumstances warrant dif-
ferent treatment), applications filed for com-
pensation and reimbursement under section 330
of title 11; and
‘‘(ii) filing with the court comments with
respect to such application and, if the United
States Trustee considers it to be appropriate, ob-
jections to such application.’’.
SEC. 227. NOTICES TO CREDITORS.
Section 342 of title 11, United States Code, is amended
by adding at the end the following:
‘‘(c) If notice is required to be given by the debtor to
a creditor under this title, any rule, any applicable law,
or any order of the court, such notice shall contain the
name, address, and taxpayer identification number of the
debtor, but the failure of such notice to contain such infor-
mation shall not invalidate the legal effect of such notice.’’.
TITLE III—CONSUMER
BANKRUPTCY ISSUES
SEC. 301. PERIOD FOR CURING DEFAULT RELATING TO
PRINCIPAL RESIDENCE.
Section 1322 of title 11, United States Code, is amend-
ed—
(1) by redesignating subsection (c) as subsection
(d), and
(2) by inserting after subsection (b) the follow-
ing:
‘‘(c) Notwithstanding subsection (b)(2) and applicable
nonbankruptcy law—
‘‘(1) a default with respect to, or that gave rise
to, a lien on the debtor’s principal residence may be
cured under paragraph (3) or (5) of subsection (b)
until such residence is sold at a foreclosure sale that
is 
conducted 
in 
accordance 
with 
applicable
nonbankruptcy law; and
‘‘(2) in a case in which the last payment on the
original payment schedule for a claim secured only by
a security interest in real property that is the debtor’s
principal residence is due before the date on which the
final payment under the plan is due, the plan may
provide for the payment of the claim as modified pur-
suant to 1325(a)(5).’’.