#aagth ,,congress #b;d ,session ,s4 #chbc ,,an ,,act ,to amend title #aa1 ,united ,states ,code1 to modify the eligibility requirements for a debtor under chapter #ac1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,bankruptcy ,threshold ,adjustment and ,technical ,corrections ,act4 #b4 ,bankruptcy amendments 7a7 ,definition of small business debtor ,section #aja7ea;,d77,b7 of title #aa1 ,united ,states ,code1 is amended-- 7#a7 in clause 7i71 by inserting under this title after affiliated debtors2 and 7#b7 in clause 7iii71 by striking an issuer and all that follows and inserting a corporation described in clause 7ii744 7b7 ,adjustments for inflation ,section #ajd of title #aa1 ,united ,states ,code1 is amended-- 7#a7 in subsection 7a71 by inserting #aahb7a71 after #gjg7;b712 and 7#b7 in subsection 7b71 by inserting #aahb7a71 after #gjg7;b714 7c7 ,who may be a debtor under chapter #ac ,section #aji of title #aa1 ,united ,states ,code is amended by striking subsection 7e7 and inserting the following3 7e7 ,only an individual with regular income that owes1 on the date of the filing of the petition1 noncontingent1 liquidated debts of less than #b1gej1jjj or an individual with regular income and such individual's spouse1 except a stockbroker or a commodity broker1 that owe1 on the date of the filing of the petition1 noncontingent1 liquidated debts that aggregate less than #b1gej1jjj may be a debtor under chapter #ac of this title4 4 7d7 ,definition of debtor ,section #aahb7a7 of title #aa1 ,united ,states ,code1 is amended to read as follows3 7#a7 ,debtor ,the term debtor-- 7,a7 subject to subparagraph 7,b71 means a person engaged in commercial or business activities 7including any affiliate of such person that is also a debtor under this title and excluding a person whose primary activity is the business of owning single asset real estate7 that has aggregate noncontingent liquidated secured and unsecured debts as of the date of the filing of the petition or the date of the order for relief in an amount not more than #g1ejj1jjj 7excluding debts owed to #a or more affiliates or insiders7 not less than #ej percent of which arose from the commercial or business activities of the debtor2 and 7,b7 does not include-- 7i7 any member of a group of affiliated debtors under this title that has aggregate noncontingent liquidated secured and unsecured debts in an amount greater than #g1ejj1jjj 7excluding debt owed to #a or more affiliates or insiders72 7ii7 any debtor that is a corporation subject to the reporting requirements under section #ac or #ae7;d7 of the ,securities ,exchange ,act of #aicd 7#ae ,u4,s4,c4 #ghm1 #gho7d772 or 7iii7 any debtor that is an affiliate of a corporation described in clause 7ii74 4 7e7 ,trustee ,section #aahc7;b77#e7 of title #aa1 ,united ,states ,code1 is amended-- 7#a7 by striking possession1 perform and inserting 8possession-- 7,a7 perform 2 7#b7 in subparagraph 7,a71 as so designated-- 7,a7 by striking 1 including operating the business of the debtor2 and 7,b7 by adding and at the end2 and 7#c7 by adding at the end the following3 7,b7 be authorized to operate the business of the debtor2 4 7f7 ,confirmation of plan ,section #aaia7;c7 of title #aa1 ,united ,states ,code1 is amended by striking paragraph 7#c7 and inserting the following3 7#c7 7,a7 ,the debtor will be able to make all payments under the plan2 or 7,b7 7i7 there is a reasonable likelihood that the debtor will be able to make all payments under the plan2 and 7ii7 the plan provides appropriate remedies1 which may include the liquidation of nonexempt assets1 to protect the holders of claims or interests in the event that the payments are not made4 4 7g7 ,technical corrections to the ,bankruptcy ,administration ,improvement ,act ,section #ehi;a of title #bh1 ,united ,states ,code is amended-- 7#a7 in subsection 7c7 by striking subsection 7a7 and inserting subsections 7a7 and 7f72 and 7#b7 in subsection 7f77#a7-- 7,a7 in the matter preceding subparagraph 7,a71 by striking subsections 7b7 and 7c7 and inserting subsection 7b77#e72 and 7,b7 in subparagraph 7,a71 by inserting needed to offset the amount after amounts4 7h7 ,effective date2 ,applicability 7#a7 ,in general ,subsections 7b7 and 7c7 and the amendments made by subsections 7b7 and 7c7 shall take effect on the date of enactment of this ,act4 7#b7 ,retroactive application of certain amendments ,the amendments made by subsections 7a71 7d71 7e71 and 7f7 shall apply with respect to any case that-- 7,a7 is commenced under title #aa1 ,united ,states ,code1 on or after ,march #bg1 #bjbj2 and 7,b7 with respect to a case that was commenced on or after ,march #bg1 #bjbj and before the date of enactment of this ,act1 is pending on the date of enactment of this ,act4 7#c7 ,effective date of technical corrections to ,,baia ,the amendments made by subsection 7g7 shall take effect as if enacted on ,october #a1 #bjba4 7i7 ,sunsets 7#a7 ,in general ,effective on the date that is #b years after the date of enactment of this ,act-- 7,a7 subsection 7e7 of section #aji of title #aa1 ,united ,states ,code is amended to read as such subsection read on the day before the date of enactment of this ,act2 and 7,b7 section #aahb7a7 of title #aa1 ,united ,states ,code1 is amended to read as follows3 7#a7 ,debtor ,the term debtor means a small business debtor4 4 7#b7 ,amounts ,for purposes of applying subsection 7e7 of section #aji of title #aa1 ,united ,states ,code1 as amended by paragraph 7#a77;,a71 the amounts specified in such subsection shall be the amounts that were in effect on the day before the date of enactment of this ,act4 ,passed the ,senate ,april #g1 #bjbb4,secretary