To amend the definition of small business debtor.

1. Rewrites page 222, line 23 through page 223, line 21

   ReplacesPrinted page

   Removes page 222, line 23 through page 223, line 21 of the printed bill. See that page

   Inserted: (A) subject to subparagraph (B), means a person engaged in commercial or business activities (including 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 or operating real property or activities incidental thereto) that has aggregate noncontingent liquidated secured and unsecured debts as of the date of the petition or the date of the order for relief in an amount not more than $1,250,000 (excluding debts owed to 1 or more affiliates or insiders) for a case in which the United States trustee has not appointed under section 1102(a)(1) a committee of unsecured creditors or where the court has determined that the committee of unsecured creditors is not sufficiently active and representative to provide effective oversight of the debtor; and

   Inserted: (B) does not include any member of a group of affiliated debtors that has aggregate noncontingent liquidated secured and unsecured debts in an amount greater than $1,250,000 (excluding debt owed to 1 or more affiliates or insiders);

   Original wording

   Beginning on page 222, strike line 23 and all that follows through page 223, line 21, and insert the following:

Read automatically from the Congressional Record. Check the original before relying on it.

As printed