(8) by redesignating paragraphs (4) through
(55) in 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 appears.
SEC. 4. COMPENSATION TO OFFICERS.
Section 330(a) of title 11, United States Code, is
amended—
(1) in paragraph (1) by inserting ‘‘, or the
debtor’s attorney’’ after ‘‘1103’’; and
(2) in paragraph (3) by striking ‘‘(3)(A) In’’
and inserting ‘‘(3) In’’.
SEC. 5. 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.
SEC. 6. EXECUTORY CONTRACTS AND UNEXPIRED LEASES.
Section 365 of title 11, United States Code, is
amended—
(1) in subsection (b)(2)—
(A) in subparagraph (C) by striking ‘‘or’’
at the end; and
(B) by striking subparagraph (D) and in-
serting the following:
‘‘(D) the satisfaction of any penalty rate in any
executory contract or unexpired lease; or
‘‘(E) the satisfaction of any provision relating
to a default arising from any failure by the debtor
to perform nonmonetary obligations under any exec-
utory contract or unexpired lease other than an
unexpired lease of personal property.’’;
(2) in subsection (c)—
(A) in paragraph (2) by adding ‘‘or’’ at the
end;
(B) in paragraph (3) by striking ‘‘or’’ at
the end and inserting a period; and
(C) by striking paragraph (4);
(3) in subsection (d)—
(A) by striking paragraphs (5) through
(9); and
(B) by redesignating paragraph (10) as
paragraph (5); and
(4) in subsection (f)(1) by striking ‘‘; except
that’’ and all that follows through the end of the
paragraph and inserting a period.
SEC. 7. ALLOWANCE OF ADMINISTRATIVE EXPENSES.
Section 503(b)(4) of title 11, United States Code, is
amended by inserting ‘‘subparagraph (A), (B), (C), (D),
or (E) of’’ before ‘‘paragraph (3)’’.
SEC. 8. PRIORITIES.
Section 507(a)(7) of title 11, United States Code, is
amended by inserting ‘‘unsecured’’ after ‘‘allowed’’.
SEC. 9. EXEMPTIONS.
Section 522 of title 11, United States Code, is
amended—
(1) in subsection (f)(1)(A)(ii)(II)—
(A) by striking ‘‘includes a liability des-
ignated as’’ and inserting ‘‘is for a liability that
is designated as, and is actually in the nature
of,’’; and
(B) by striking ‘‘, unless’’ and all that fol-
lows through the period; and
(2) in subsection (g)(2) by striking ‘‘subsection
(f)(2)’’ and inserting ‘‘subsection (f)(1)(B)’’.
SEC. 10. EXCEPTIONS TO DISCHARGE.
Section 523 of title 11, United States Code, is
amended—
(1) as amended by section 304(e) of Public Law
103–394 (108 Stat. 4133), in paragraph (15)—
(A) by inserting ‘‘or’’ after the semicolon
at the end; and
(B) by transferring such paragraph so as
to insert it after paragraph (14) of subsection
(a); and
(2) in subsection (a)—
(A) in paragraph (3) by striking ‘‘or (6)’’
each place it appears and inserting ‘‘(6), or
(15)’’; and
(B) 
in 
paragraph 
(9) 
by 
inserting
‘‘, watercraft, or aircraft’’ after ‘‘motor vehi-
cle’’.
SEC. 11. PROTECTION AGAINST DISCRIMINATORY TREAT-
MENT.
Section 525(c) of title 11, United States Code, is
amended—
(1) in paragraph (1) by inserting ‘‘student’’ be-
fore ‘‘grant’’ the second place it appears; and
(2) in paragraph (2) by striking ‘‘the program
operated under part B, D, or E of’’ and inserting
‘‘any program operated under’’.
SEC. 12. PROPERTY OF THE ESTATE.
Section 541(b)(4)(B)(ii) of title 11, United States
Code, is amended by inserting ‘‘365 or’’ before ‘‘542’’.
SEC. 13. LIMITATIONS ON AVOIDING POWERS.
Subsection (g) of section 546 of title 11, United
States Code, as added by section 222(a) of the Bank-
ruptcy Reform Act of 1994 (108 Stat. 4129), is redesig-
nated as subsection (h).
SEC. 14. LIABILITY OF TRANSFEREE OF AVOIDED TRANS-
FER.
(a) IN GENERAL.—Section 550(c) of title 11, United
States Code, is amended—
(1) in paragraph (1) by striking ‘‘avoided under
section 547(b)’’ and inserting ‘‘avoidable under sec-
tion 547’’; and
(2) in the matter following paragraph (2) by
striking ‘‘recover under subsection (a) from a trans-
feree that is not an insider’’ and inserting ‘‘avoid
under section 547 such transfer, to the extent that
such transfer was made for the benefit of a trans-
feree that was not an insider at the time of such
transfer, or recover under subsection (a) from a
transferee that was not an insider at the time of
such transfer’’.
(b) CONFORMING AMENDMENT.—Section 547(b) of
title 11, United States Code, is amended by inserting ‘‘or
in section 550(c) of this title’’ after ‘‘subsection (c) of this
section’’.
SEC. 15. SETOFF.
Section 553(b)(1) of title 11, United States Code, is
amended 
by 
striking 
‘‘362(b)(14)’’ 
and 
inserting
‘‘362(b)(17)’’.
SEC. 16. DISPOSITION OF PROPERTY OF THE ESTATE.
Section 726(b) of title 11, United States Code, is
amended by striking ‘‘1009,’’.
SEC. 17. GENERAL PROVISIONS.
Section 901(a) of title 11, United States Code, is
amended by inserting ‘‘1123(d),’’ after ‘‘1123(b),’’.
SEC. 18. DISCHARGE.
Section 1228 of title 11, United States Code, is
amended by striking ‘‘1222(b)(10)’’ each place it appears
and inserting ‘‘1222(b)(9)’’.
SEC. 19. CONTENTS OF PLAN.
Section 1322 of title 11, United States Code, is
amended—
(1) in subsection (b) by striking ‘‘(c)’’ and in-
serting ‘‘(d)’’; and
(2) in subsection (e) by striking the comma
after ‘‘default’’ the second place it appears.
SEC. 20. APPOINTMENT OF TRUSTEE.
Section 1104(b) of title 11, United States Code, is
amended—
(1) by inserting ‘‘(1)’’ after ‘‘(b)’’; and
(2) by adding at the end the following new
paragraph:
‘‘(2)(A) If an eligible, disinterested trustee is elected
at a meeting of creditors under paragraph (1), the United
States trustee shall file a report certifying that election.
Upon the filing of a report under the preceding sentence—
‘‘(i) the trustee elected under paragraph (1)
shall be considered to have been selected and ap-
pointed for purposes of this section; and
‘‘(ii) the service of any trustee appointed under
subsection (d) shall terminate.
‘‘(B) In the case of any dispute arising out of an elec-
tion under subparagraph (A), the court shall resolve the
dispute.’’.
SEC. 21. KNOWING DISREGARD OF BANKRUPTCY LAW OR
RULE.
Section 156(a) of title 18, United States Code, is
amended by striking ‘‘case under this title’’ and inserting
‘‘case under title 11’’.
SEC. 22. BANKRUPTCY CASES AND PROCEEDINGS.
Section 1334(d) of title 28, United States Code, is
amended—
(1) by striking ‘‘made under this subsection’’
and inserting ‘‘made under subsection (c)’’; and
(2) by striking ‘‘This subsection’’ and inserting
‘‘Subsection (c)’’.
SEC. 23. AUTOMATIC STAY.
Section 362(b) of title 11, United States Code, is
amended—
(1) in paragraph (1) by inserting before the
semicolon the following: ‘‘(including the criminal en-
forcement of a judicial order requiring the payment
of child support)’’; and
(2) in paragraph (3) by inserting ‘‘, or a secu-
rity interest in real property to which section
547(c)(3) applies,’’ after ‘‘property’’.
SEC. 24. EFFECTIVE DATE OF AMENDMENTS.
(a) IN GENERAL.—Except as provided in subsection
(b) of this section, the amendments made by this Act shall
apply to all cases pending on the date of enactment of
this Act, or commenced on or after the date of enactment
of this Act, under title 11 of the United States Code.
(b) EXCEPTION.—The amendments made by sections
2(2)(B), 6(1), and 10(2)(B) of this Act shall apply to all
cases commenced on or after the date of enactment of this
Act under title 11 of the United States Code.
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