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SECTION 1. SHORT TITLE.

This Act may be cited as the ''Bankruptcy Amendments of 1993''.

SEC. 2. AMENDMENTS.

(a) Who May Be a Debtor Under Chapter 13.--Section 109(e) of title
11, United States Code, is amended--
(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'', 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 of less than
$1,000,000''.
(b) Automatic Stay.--The last sentence of section 362(e) of title
11, United States Code, is amended--
(1) by striking ''commenced'' and inserting ''concluded'',
and
(2) by inserting before the period at the end the
following:
''unless the 30-day period is extended with the consent of the parties
in interest or for a specific time that the court finds is required by
compelling circumstances''.
(c) Exemptions.--(1) Section 522(a) of title 11, United States
Code, is amended--
(A) in paragraph (1) by striking ''and'' at the end,
(B) by redesignating paragraph (2) as paragraph (3), and
(C) by inserting after paragraph (1) the following:
''(2) 'household goods' means furnishings, appliances,
linens, china, cookery, kitchenware, and personal effects, but
does not include--
''(A) works of art;
''(B) electronic entertainment equipment other than
one television and one radio;
''(C) jewelry (other than wedding and engagement
rings); and
''(D) antiques purchased by the debtor; and''.
(2) Section 522(d)(3) of title 11, United States Code, is amended--
(A) by striking ''household furnishings,'', and
(B) by striking ''appliances,''.
(3) Section 522(f)(2) of title 11, United States Code, is amended--
(A) by striking ''household furnishings,'', and
(B) by striking ''appliances,''.
(d) Exceptions to Discharge.--Section 523(a) of title 11, United
States Code, is amended--
(1) in paragraph (2)--
(A) by amending subparagraph (A) to read as
follows:
''(A) actual fraud, use of a credit card or other
access device to a revolving line of credit without the
intent to repay, or false pretenses or false
representations made or published with reckless
disregard for their truth or accuracy;''
(B) in subparagraph (B)(iv) by striking ''intent to
deceive'' and inserting ''reckless disregard for its
truth or accuracy'', and
(C) in subparagraph (C)--
(i) by striking ''$500'' and inserting
''$100'', and
(ii) by striking ''forty days'' and
inserting ''60 days'', and
(2) by amending paragraph (6) to read as follows:
''(6) for injury to another entity or property of another
entity resulting from the debtor's reckless disregard of such
entity's right or property interests;''.
(e) Effect of Discharge.--The third sentence of section 524(d) of
title 11, United States Code, is amended in the matter preceding
paragraph (1) by inserting ''and was not represented by an attorney
during the course of negotiating such agreement'' after ''this
section''.
(f) Preferences.--Section 547(c)(3)(B) of title 11, United States
Code, is amended by striking ''10'' and inserting ''20''.
(g) Contents of Plan.--Section 1322(b)(2) of title 11, United
States Code, is amended to read as follows:
''(2) modify the rights of the holders of secured claims,
but the plan may not modify a claim pursuant to section 506 of
a person holding a senior or a junior security interest in real
property that is the debtor's principal residence, except that
the plan may modify the claim of a person holding such a junior
security interest that was undersecured at the time the
interest attached to the extent that the interest remains
undersecured;''.
(h) Contents of Plan.--(1) Section 1322(c) of title 11, United
States Code, is amended to read as follows:
''(c) The plan may not provide for payments over a period that is
longer than 5 years.''.
(2) Section 1325(b)(1)(B) of title 11, United States Code, is
amended by striking ''three-year'' and inserting ''5-year''.
(3) Section 1329(c) of title 11, United States Code, is amended to
read as follows:
''(c) A plan modified under this section may not provide for
payments over a period that expires more than 5 years after the date
that the first payment under the original confirmed plan was due.''.
(i) Confirmation Hearing.--Section 1324 of title 11, United States
Code, is amended--
(1) by striking ''After'' and inserting ''(a) Except as
provided in subsection (b) and after'', and
(2) by adding at the end the following:
''(b) If a creditor objects not later than 5 days after receiving
notice of a hearing on confirmation of the plan, the hearing on
confirmation of the plan may be held only after the expiration of the
10-day period beginning on the date of the first meeting of creditors
under section 341(a).''.
(j) Payments.--Section 1326(c) of title 11, United States Code, is
amended by inserting ''timely'' after ''payments''.

SEC. 3. ANNUAL COMPILATION OF STATISTICAL INFORMATION REGARDING
BANKRUPTCY CASES.

Not later than June 30 of each year, the Administrative Office of
the United States Courts shall compile and make available to the public
statistical information with respect to cases in which a discharge is
entered under title 11 of the United States Code in the preceding
calendar year. Such information shall include--
(1) the liabilities and value of assets of the debtors in
such cases as of the order for relief,
(2) the monthly income and living expenses of such debtors,
as estimated by such debtors,
(3) the aggregate amount of debts discharged, and the
aggregate payments made to creditors, as of the date of
discharge, and
(4) the time elapsed between the filing of such cases and
the date of the first payment to a creditor under a plan
confirmed in such cases.

SEC. 4. 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 date of
the enactment of this Act.
(b) Application of Amendments.--The amendments made by this Act
shall not apply with respect to cases commenced under title 11 of the
United States Code before the date of the enactment of this Act.
Bankruptcy Amendments of 1993 - Amends Federal bankruptcy law to raise to $1 million the ceiling on debts for eligibility to file as a chapter 13 debtor (bankrupt consumer repayment of debt under court supervision). (Currently the ceiling is $100,000 for unsecured debts, or $350,000 for certain secured debts.) Modifies the guidelines for: (1) chapter 13 bankruptcies; (2) automatic stays; (3) exemptions; (4) discharges; and (5) preferences.
Directs the Administrative Office of the United States Courts to compile and make available to the public statistical information regarding bankruptcy cases.

SECTION 1. MODIFICATIONS AND INCREASED VOLUME CAP WITH RESPECT TO
QUALIFIED MORTGAGE BONDS.

(a) Use of Qualified Mortgage Bonds Proceeds for Subprime
Refinancing Loans.--Section 143(k) of the Internal Revenue Code of 1986
(relating to other definitions and special rules) is amended by adding
at the end the following new paragraph:
''(12) Special rules for subprime refinancings.--
''(A) In general.--In the case of a residence which
was originally financed by the mortgagor through a
qualified subprime loan, this section shall be applied
with the following modifications:
''(i) Subsection (i)(1) (relating to
mortgages must be new mortgages) shall not
apply.
''(ii) Subsection (a)(2)(D)(i) shall be
applied by substituting '12-month period' for
'42-month period' each place it appears.
''(iii) Subsection (d) (relating to 3-year
requirement) shall not apply.
''(iv) Subsection (e) (relating to purchase
price requirement) shall be applied by using
the market value of the residence at the time
of refinancing in lieu of the acquisition cost.
''(B) Qualified subprime loan.--
''(i) In general.--The term 'qualified
subprime loan' means an adjustable rate single-
family residential mortgage loan originated
after December 31, 2001, and before January 1,
2008, that the bond issuer determines has
characteristics that suggest both a reasonably
foreseeable risk of default and a reasonable
potential to avoid default with the benefit of
a lower cost refinancing.
''(ii) Considerations.--In making the
determination under clause (i), the bond issuer
may consider the following characteristics:
''(I) Loan payments which are
scheduled to increase by more than 10
percent after December 31, 2007, and
before January 1, 2011.
''(II) A loan-to-value ratio of 97
percent or greater at the time of the
original mortgage loan or at the time
of the refinancing of such loan after
adjustment for any decline in the fair
market value of the residence.
''(III) A borrower whose
creditworthiness is relatively low in
comparison to a prime borrower, based
on a lower credit score, such as a Fair
Isaac Credit Organization credit score
at the time of the original subprime
loan of less than 660 and the absence
of an increase in such score by more
than 10 percent since the time of the
original loan.
''(IV) Whether loan payments on the
original mortgage loan generally have
been made in a current, timely manner,
subject only to isolated late payments.
''(C) Termination.--This paragraph shall not apply
to any bonds issued after December 31, 2010.''.
(b) Increased Volume Cap for Qualified Mortgage Bonds.--
(1) In general.--Subsection (d) of section 146 of the
Internal Revenue Code of 1986 is amended by adding at the end
the following new paragraph:
''(5) Increase and set aside for qualified mortgage bonds
for 2008.--
''(A) In general.--The State ceiling for calendar
year 2008 shall be increased by $15,000,000,000.
''(B) Set aside.--
''(i) In general.--Not less than an amount
equal to each State's allocable share of the
increase in the State ceiling under
subparagraph (A) shall be allocated solely for
the purpose of a qualified mortgage issue which
meets the requirement clause (ii).
''(ii) Requirement.--A qualified mortgage
issue meets the requirement of this clause if
such issue meets the requirement of section
143(a)(2)(D)(i) (determined by substituting
'12-month period' for '42-month period' each
place it appears).''.
(2) Carryforward of unused limitations.--Subsection (f) of
section 146 of such Code is amended by adding at the end the
following new paragraph:
''(6) Special rules for increased volume cap under
subsection (d)(5).--No amount which is attributable to the
increase under subsection (d)(5) may be used--
''(A) for a carryforward purpose other than issuing
qualified mortgage bonds, and
''(B) to issue any bond after calendar year
2010.''.
(c) Alternative Minimum Tax.--
(1) In general.--Clause (ii) of section 57(a)(5)(C) of the
Internal Revenue Code of 1986 is amended by striking ''shall
not include'' and all that follows and inserting ''shall not
include--
''(I) any qualified 501(c)(3) bond
(as defined in section 145), or
''(II) any qualified mortgage bond
(as defined in section 143(a)) or
qualified veterans' mortgage bond (as
defined in section 143(b)) issued after
December 31, 2007, and before January
1, 2011.''.
(2) Conforming amendment.--The heading for section
57(a)(5)(C)(ii) is amended by striking ''qualified 501(c)(3)
bonds'' and inserting ''certain bonds''.
(d) Effective Date.--The amendments made by this section shall
apply to bonds issued after December 31, 2007.
Amends the Internal Revenue Code to: (1) allow proceeds of qualified mortgage bonds to be used to refinance certain residential subprime loans issued between 2002 and 2008; (2) increase in 2008 limitations on issuance amounts for qualified mortgage bonds; and (3) exempt tax-exempt interest on qualified mortgage or veterans' mortgage bonds issued before 2011 from the alternative minimum tax.

SECTION 1. SHORT TITLE.

This Act may be cited as the ''Strengthening the Oversight of
Nuclear Nonproliferation Act of 2009''.

SEC. 2. DEFINITIONS.

In this Act:
(1) Appropriate congressional committees.--The term
''appropriate congressional committees'' means--
(A) the Committee on Foreign Relations, the
Committee on Homeland Security and Governmental
Affairs, the Committee on Armed Services, the Select
Committee on Intelligence, and the Committee on Energy
and Natural Resources of the Senate; and
(B) the Committee on Foreign Affairs, the Committee
on Oversight and Government Reform, the Committee on
Armed Services, the Permanent Select Committee on
Intelligence, and the Committee on Energy and Commerce
of the House of Representatives.
(2) Commission.--The term ''Commission'' means the
Commission on the Prevention of Weapons of Mass Destruction
Proliferation and Terrorism established by section 1851 of the
Implementing Recommendation of the 9/11 Commission Act of 2007
(Public Law 110-53; 121 Stat. 501).
(3) Coordinator.--The term ''Coordinator'' means the
President's Coordinator for the Prevention of Weapons of Mass
Destruction Proliferation and Terrorism established by section
1841(b)(1) of the Implementing Recommendations of the 9/11
Commission Act of 2007 (50 U.S.C. 2931(b)(1)).
(4) Deputy coordinator.--The term ''Deputy Coordinator''
means the Deputy United States Coordinator for the Prevention
of Weapons of Mass Destruction Proliferation and Terrorism
established under section 1841(b)(2) of the Implementing
Recommendations of the 9/11 Commission Act of 2007 (50 U.S.C.
2931(b)(2)).
(5) Highly enriched uranium.--The term ''highly enriched
uranium'' means uranium that contains at least 20 percent of
the uranium isotope 235.
(6) IAEA.--The term ''IAEA'' means the International Atomic
Energy Agency.
(7) Special nuclear material.--The term ''special nuclear
material'' has the meaning given the term in section 11(aa) of
the Atomic Energy Act of 1954 (42 U.S.C. 2014(aa)).

SEC. 3. REPORT ON UNITED STATES NUCLEAR NONPROLIFERATION EFFORTS.

(a) In General.--Not later than 1 year after the date of the
enactment of this Act, and annually thereafter, the Coordinator shall
submit to the appropriate congressional committees an unclassified
report, with classified annexes as necessary, on the findings and
recommendations of the Commission described in subsection (b).
(b) Content.--The report required under subsection (a) shall
include the following:
(1) A description of the financial incentives the United
States Government used during the previous year to promote
civilian nuclear energy abroad, including the types, amounts,
and recipients of such financial incentives.
(2) A description of the actions the United States
Government has taken for improving the secure civilian storage
of, and minimizing the use and export of, weapons useable
highly enriched uranium during the previous year, and the
amount the United States Government spends annually to fuel
United States civilian reactors that use highly enriched
uranium.
(3) A description of the actions that have been taken by
the United States Government to implement title V of the
Nuclear Non-Proliferation Act of 1978 (22 U.S.C. 3261 et seq.)
during the previous year and any obstacles pertaining to its
implementation with recommended actions.
(4)(A) A description of the steps the United States
Government has taken during the previous year to upgrade the
physical security of civilian nuclear facilities in the United
States that store or handle special nuclear material.
(B) A comparison of the current physical security standards
used at civilian nuclear facilities in the United States that
store or handle special nuclear material to those standards
used by the United States Armed Forces to secure such
materials.
(5) A United States Government assessment of the
capabilities of the IAEA, completed in consultation with all
relevant United States Government agencies, including the
Office of the Director of National Intelligence, including--
(A) the ability of IAEA to meet its own timely
detection inspection goals;
(B) the ability of IAEA to afford timely detection
of possible military diversions and whether or not the
IAEA has met its own timely detection inspection goals;
and
(C) recommendations for whether and how the IAEA
should update its definitions of how much special
nuclear material is needed to create a nuclear bomb and
how long it takes to convert such special nuclear
material into nuclear bombs.
(c) Absence of the Coordinator and the Deputy Coordinator.--The
President shall submit the report required under this section if
neither the Coordinator nor the Deputy Coordinator have been appointed
pursuant to section 1841(b)(3) of the Implementing Recommendation of
the 9/11 Commission Act of 2007 (50 U.S.C. 2931(b)(3)).

SEC. 4. REPORT ON UNITED STATES WORK WITH IAEA ON NUCLEAR
NONPROLIFERATION.

(a) In General.--Not later than 1 year after the date of the
enactment of this Act, the Coordinator shall submit to the appropriate
congressional committees an unclassified report, with classified
annexes as necessary, on the findings and recommendations of the
Commission under subsection (b).
(b) Content.--The report required under subsection (a) shall
include details about the progress of the work of the United States
Government with the IAEA Director General to--
(1) establish a safeguards user fee, whereby countries with
inspected facilities would be assessed a fee to help cover the
costs of IAEA inspections;
(2) assess whether the IAEA can meet its own inspection
goals, whether those goals afford timely detection to account
for a bomb's worth of special nuclear material, whether there
are situations in which achieving those goals is not possible,
and what corrective actions, if any, might help the IAEA to
achieve its inspection goals;
(3) promote transparency at suspect sites and to encourage
IAEA member states to maintain a registry, made available to
other IAEA members upon request, of all foreign visitors at
safeguarded sites;
(4) provide for the acquisition and implementation of near-
real-time surveillance equipment in the use of safeguards,
including at sites where nuclear fuel rods are located; and
(5) require that the transfer of all items on the Nuclear
Suppliers Group dual-use and trigger lists be reported to the
IAEA in advance and develop a system to process and analyze the
information.
(c) Absence of the Coordinator and the Deputy Coordinator.--The
President shall submit the report required under this section if
neither the Coordinator nor the Deputy Coordinator have been appointed
pursuant to section 1841(b)(3) of the Implementing Recommendation of
the 9/11 Commission Act of 2007 (50 U.S.C. 2931(b)(3)).

SEC. 5. AUTHORIZATION OF APPROPRIATIONS.

There are authorized to be appropriated such sums as may be
necessary to carry out the reporting requirements under sections 3 and
4 for fiscal year 2010 and each subsequent year thereafter.
Strengthening the Oversight of Nuclear Nonproliferation Act of 2009 - Requires the President's Coordinator for the Prevention of Weapons of Mass Destruction Proliferation and Terrorism to report to the appropriate congressional committees: (1) annually regarding the Commission on the Prevention of Weapons of Mass Destruction Proliferation and Terrorism's findings concerning U.S. nuclear nonproliferation efforts; and (2) regarding U.S. cooperative efforts with the International Atomic Energy Agency (IAEA) on nuclear nonproliferation.