S.Amdt. 14

1. 1

   Change 1: Rewrites page 19, line 13

   ReplacesPrinted page

   Removes page 19, line 13 of the printed bill. See that page

   Inserted: monthly income.

   Inserted: "(8) Paragraph (2) shall not apply if--

   Inserted: "(A) the debtor, or a member of the debtor's family, is a member of the uniformed services (as defined in section 101(a)(5) of title 10); and

   Inserted: "(B) the filing under this title was a direct result of debts incurred as a result of a reduction of income due to a change of status from civilian employment to service on active duty (as defeind in section 101(d) of title 10) as a member of the uniformed services.".

   Original wording

   On page 19, strike line 13, and insert the following:

2. 2

   Change 2: Rewrites page 146, lines 6–19

   ReplacesPrinted page

   Removes page 146, lines 6–19 of the printed bill. See that page

   Inserted: (b) Restoring the Foundation for Secured Credit.--Section 1325(b) of title 11, United States Code, is amended by adding at the end the following:

   Inserted: "(3) Section 506 shall not apply to a claim described in subsection (a)(5) under circumstances other than those described in section 707(b)(8)--

   Inserted: "(A) if--

   Inserted: "(i) the creditor has a purchase money security interest securing the debt that is the subject of the claim;

   Inserted: "(ii) the debt was incurred during the 910-day period preceding the date on which the petition was filed; and

   Inserted: "(iii) the collateral for that debt consists of a motor vehicle (as defined in section 30102 of title 49) acquired for the personal use of the debtor; or

   Inserted: "(B) if--

   Inserted: "(i) the debt was incurred during the 1-year period preceding the date on which the petition was filed; and

   Inserted: "(ii) collateral for the debt that is the subject of the claim consists of anything of value other than the collateral described in subparagraph (A)(iii).".

   Original wording

   On page 146, strike lines 6 through 19, and insert the following:

3. 3

   Change 3: Adds SEC. 605. GAO STUDY OF CAUSES OF BANKRUPTCY FOR MEMBERS OF THE UNIFORMED SERVICES on page 259, between lines 7 and 8

   Adds a sectionPrinted page

   Inserted: SEC. 605. GAO STUDY OF CAUSES OF BANKRUPTCY FOR MEMBERS OF THE UNIFORMED SERVICES.

   Inserted: The Comptroller General of the United States shall--

   Inserted: (1) conduct a study of the frequency and causes of bankruptcy by members of the uniformed services; and

   Inserted: (2) provide recommendations to Congress on how to protect members of the uniformed services, and their families, who file for bankruptcy.

   Original wording

   On page 259, between lines 7 and 8, insert the following:

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

As printed