[Congressional Bills 103th Congress]
[From the U.S. Government Publishing Office]
[S. 330 Introduced in Senate (IS)]

103d CONGRESS
  1st Session
                                 S. 330

   To amend section 101 of title 11, United States Code, relating to 
             eligibility to serve on chapter 11 committees.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

             February 4 (legislative day, January 5), 1993

   Mr. Kohl introduced the following bill; which was read twice and 
               referred to the Committee on the Judiciary

_______________________________________________________________________

                                 A BILL


 
   To amend section 101 of title 11, United States Code, relating to 
             eligibility to serve on chapter 11 committees.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. DEFINITION RELATING TO ELIGIBILITY TO SERVE ON CHAPTER 11 
              COMMITTEES.

    Section 101(41) of title 11, United States Code, is amended to read 
as follows:
            ``(41) `person' includes individual, partnership, and 
        corporation, but does not include governmental unit, except 
        that a governmental unit that--
                    ``(A) acquires an asset from a person--
                            ``(i) as a result of the operation of a 
                        loan guarantee agreement; or
                            ``(ii) as receiver or liquidating agent of 
                        a person;
                    ``(B) is a guarantor of a pension benefit payable 
                by or on behalf of the debtor or an affiliate of the 
                debtor; or
                    ``(C) is the legal or beneficial owner of an asset 
                of--
                            ``(i) an employee pension benefit plan that 
                        is a governmental plan, as defined in section 
                        414(d) of the Internal Revenue Code of 1986; or
                            ``(ii) an eligible deferred compensation 
                        plan, as defined in section 457(b) of the 
                        Internal Revenue Code of 1986;
        shall be considered for purposes of section 1102 to be a person 
        with respect to such asset or such benefit;''.

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