#aaith ,,congress  #b;d ,session  ,s4   
#cigg  ,,an ,,act  ,to amend title #aa1 
,united ,states ,code1 to modify certain
 bankruptcy eligibility requirements1   
and for other purposes4  #a4 ,short     
title ,this ,act may be cited as the    
,bankruptcy ,threshold ,adjustment ,act 
of #bjbf4  #b4 ,debt limit modifications
  7a7 ,modification to the small        
business bankruptcy debt limit ,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  7b7 ,modification to
 the consumer bankruptcy debt limit     
,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 that    
aggregate 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  #c4 ,effective  
date ,the amendments made by this ,act  
shall apply to any case that is         
commenced under title #aa1 ,united      
,states ,code1 on or after the date of  
enactment of this ,act4  ,passed the    
,senate ,august #c1 #bjbf4,secretary