S.Amdt. 2799

SA 2799. Mr. CORNYN submitted an amendment intended to be proposed to amendment SA 2746 proposed by Mr. Frist (for Mr. Specter (for himself and Mr. Leahy)) to the bill S. 852, to create a fair and efficient system to resolve claims of victims for bodily injury caused by asbestos exposure, and for other purposes; which was ordered to lie on the table; as follows:

On page 365, between lines 8 and 9, insert the following:

(i) Injunction After Confirmation of Bankruptcy Plan of Reorganization.--

(1) In general.--Section 524(g)(2)(B)(ii)(IV)(bb) of title 11, United States Code, is amended by inserting after “plan” the following: “, or, if such a vote is not obtained with respect to any such class of claimants so established, the plan satisfies the requirements for confirmation of a plan under section 1129(b) that would apply to such class if the class did not accept the plan for purposes of section 1129(a)(8) (whether or not the class has accepted the plan)”.

(2) Effective date; application.--The amendment made by paragraph (1) shall take effect on the date of enactment of this Act, and shall apply with respect to cases under title 11 of the United States Code, which were commenced before, on, or after such date.