Title: Bankruptcy Administration Improvement Act of 2017
Policy area: Finance and Financial Sector

Summary:
Bankruptcy Administration Improvement Act of 2017
This bill increases the amount of compensation paid to trustees in chapter 7 (liquidation) bankrtupcy proceedings. Similarly, it increases the statutory filing fee for bankruptcy petitions under chapter 7.

[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[H.R. 3553 Introduced in House (IH)]

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115th CONGRESS
  1st Session
                                H. R. 3553

 To amend title 11 of the United States Code to increase the amount of 
    compensation paid to chapter 7 bankruptcy trustees for services 
                               rendered.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 28, 2017

 Mr. Marino (for himself and Mr. Perlmutter) 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 increase the amount of 
    compensation paid to chapter 7 bankruptcy trustees for services 
                               rendered.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Bankruptcy Administration 
Improvement Act of 2017''.

SEC. 2. FINDINGS.

    The Congress finds that--
            (1) the amount of compensation paid to trustees serving in 
        bankruptcy cases under chapter 7 of title 11 of the United 
        States Code has not been increased since 1995, and
            (2) the amendments made by this Act will not modify, 
        impair, or supersede the current authority of the district 
        courts of the United States, or of bankruptcy courts, to waive 
        the payment of filing fees by indigent individuals.

SEC. 3. COMPENSATION OF TRUSTEES IN CASES UNDER CHAPTER 7.

    Title 11 of the United States Code is amended--
            (1) in section 104--
                    (A) in subsection (a)--
                            (i) by inserting ``330(b)(1), 330(b)(2),'' 
                        after ``303(b),'',
                            (ii) in paragraph (1) by striking ``and'' 
                        at the end,
                            (iii) in paragraph (2)--
                                    (I) by inserting ``except as 
                                provided in paragraph (3),'' after 
                                ``(2)'', and
                                    (II) by striking the period at the 
                                end and inserting ``, and'', and
                            (iv) by adding at the end the following:
            ``(3) with respect to the dollar amounts in effect under 
        sections 330(b)(1) and 330(b)(2), to round to the nearest $1 
        the dollar amount that represents such change.'', and
                    (B) in subsection (b) by inserting ``330(b)(1), 
                330(b)(2),'' after ``303(b),'', and
            (2) in section 330--
                    (A) by amending subsection (a)(7) to read as 
                follows:
    ``(7) In determining the amount of reasonable compensation to be 
awarded to a trustee under chapter 7, the court shall treat such 
compensation as a commission, based on section 326(a).'', and
                    (B) in subsection (b)(1) by striking ``$45'' and 
                inserting ``$105''.

SEC. 4. BANKRUPTCY FEES.

    Section 1930(1)(A) of title 28 of the United States Code is amended 
by striking ``$245'' and inserting ``$305''.

SEC. 5. EFFECTIVE DATE; APPLICATION OF AMENDMENTS.

    (a) Effective Date.--Except as provided in subsection (b), this Act 
and the amendments made by this Act shall take effect on the 1st day of 
the 1st month that begins more than 180 days after the date of the 
enactment of this Act.
    (b) Application of Amendments.--The amendments made by this Act 
shall apply only with respect to cases commenced under title 11 of the 
United States Code on or after the effective date of this Act.
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