[Congressional Bills 104th Congress]
[From the U.S. Government Publishing Office]
[S. 2059 Introduced in Senate (IS)]







104th CONGRESS
  2d Session
                                S. 2059

   To amend title 11, United States Code, with respect to executory 
        contracts and unexpired leases, and for other purposes.


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                   IN THE SENATE OF THE UNITED STATES

                           September 9, 1996

 Mr. Grassley (for himself, Mr. Hatch, and Mr. Heflin) introduced the 
 following bill; which was read twice and referred to the Committee on 
                             the Judiciary

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                                 A BILL


 
   To amend title 11, United States Code, with respect to executory 
        contracts and unexpired leases, and for other purposes.

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

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Non-Monetary Default and Unexpired 
Lease in Bankruptcy Reform Act of 1996''.

SEC. 2. EXECUTORY CONTRACTS AND UNEXPIRED LEASES.

    Section 365(b)(2)(D) of title 11, United States Code, is amended--
            (1) by inserting ``with respect to an executory contract or 
        an unexpired lease of personal property,'' before ``the 
        satisfaction''; and
            (2) by inserting ``penalty'' before ``provision''.
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