[Congressional Record Volume 162, Number 105 (Wednesday, June 29, 2016)]
[Senate]
[Pages S4731-S4732]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
SA 4929. Ms. WARREN submitted an amendment intended to be proposed to
amendment SA 4881 submitted by Ms. Warren and intended to be proposed
to the bill S. 2328, to reauthorize and amend the National Sea Grant
College Program Act, and for other purposes; which was ordered to lie
on the table; as follows:
At the end, add the following:
(d) Technical Corrections.--Notwithstanding any other
provision of this Act--
(1) section 301 of this Act is amended--
(A) in subsection (a), by striking ``however,'' and
inserting ``however the reference to section 943(b) of title
11, United States Code, in section 930(a)(5) of title 11,
United States Code, shall mean section 314 of this title,
and'';
(B) in subsection (c)--
(i) in paragraph (3)(B), by inserting ``such'' after
``vote''; and
(ii) in paragraph (4), by striking ``and/or'' and inserting
``or'';
(C) in subsection (e), by striking ``1122'' and inserting
``314(c)(1)''; and
(D) in section 302, by inserting ``only'' after ``title'';
(2) section 303 of this Act is amended--
(A) in paragraph (2), by inserting ``or moratorium'' after
``composition''; and
(B) in paragraph (3), by striking ``unlawful'';
(3) section 304 of this Act is amended--
(A) in subsection (a), by striking ``voluntary'';
(B) in subsection (f), by striking ``the cases of'';
(C) in subsection (g), by striking ``, on behalf of a
debtor and one or more affiliates, has filed separate cases
and the Oversight Board, on behalf of the debtor or one of
the affiliates,'' and inserting ``has filed separates cases
on behalf of debtors that are affiliates and the Oversight
Board on behalf of one or more of the debtors'';
[[Page S4732]]
(D) in subsection (h), by inserting ``, only to the extent
that such obligations are being enforced or will be enforced
by governmental units'' after ``provisions''; and
(E) in subsection (i), by striking ``including sections of
title 11, United States Code, incorporated by reference,
nothing in this section'' and insert ``nothing in this
title'';
(4) section 306 of this Act is amended--
(A) in subsection (c), by inserting ``, to the extent
permitted by the Constitution of the United States'' after
``entity'';
(B) in subsection (d)(2), by inserting ``or subsection (e)
of this section,'' before ``or by'';
(C) in subsection (e)--
(i) in paragraph (2), by striking ``in which a case under
this title has venue pursuant to section 307 of this title''
and inserting ``embracing the district in which the case
is''; and
(ii) in paragraph (3)(B), by striking ``direct''; and
(D) in subsection (f), by inserting ``or appropriate''
after ``necessary'';
(5) section 307 of this Act is amended by striking
subsection (b);
(6) section 308(b) of this Act is amended by inserting ``of
that circuit'' before ``to conduct the case.'';
(7) section 309 of this Act is amended--
(A) by inserting ``(a) In General.--'' before ``Nothing in
this title''; and
(B) by adding at the end the following:
``(b) Review.--Any decision to abstain or not to abstain is
not reviewable by appeal or otherwise by the court of appeals
under section 1291 or 1292 of title 28, United States Code,
or section 306(e) of this title, or by the Supreme Court of
the United States under section 1254 of title 28, United
States Code. This subsection shall not be construed to limit
the applicability of the stay provided for by section 362 of
title 11, United States Code, (as made applicable to cases
under this title under section 301(a)) as such section
applies to an action affecting the property of the estate in
bankruptcy.'';
(8) section 310 of this Act is amended by inserting ``, as
if it were a case under chapter 9 of title 11, United States
Code, or a civil proceeding arising under such chapter or
arising in or related to a case under such chapter'' before
the period at the end;
(9) section 312(b) of this Act is amended by inserting ``or
before'' after ``plan of adjustment at'';
(10) section 314 of this Act is amended--
(A) in subsection (b)(6)--
(i) by striking ``the non-bankruptcy laws and'' and
inserting ``otherwise applicable laws and the''; and
(ii) by inserting ``the recovery that'' after ``greater
recovery for the creditors than''; and
(B) in subsection (c)(1), by striking ``with respect to''
and inserting ``in'';
(11) section 316(c)(3) of this Act is amended by striking
``this chapter'' and inserting ``this title'';
(12) section 405 of this Act is amended--
(A) in subsection (a)(1), in the matter preceding
subparagraph (A), by striking ``any other source of law'' and
inserting ``any other source'';
(B) in subsection (b)--
(i) in paragraph (1), by striking ``that arose before the
enactment of this Act'';
(ii) by striking paragraph (5);
(iii) by redesignating paragraphs (6) and (7) as paragraphs
(5) and (6), respectively; and
(iv) in paragraph (5), as so redesignated, by striking
``that arose before the enactment of this Act'';
(C) in subsection (j)(3)--
(i) by striking subparagraph (A) and inserting the
following:
``(A) the financial condition of, or the commencement of a
restructuring, insolvency, bankruptcy, or other proceeding
(or a similar or analogous process) by, the Government of
Puerto Rico, including a default or an event of default
thereunder;''; and
(ii) in subparagraph (C), by striking ``paragraph (1)(B)''
and inserting ``paragraph (1)''; and
(D) in subsection (l), by striking ``when such payments
become due during the length of the stay'' and inserting ``as
and when such payments become due during the duration of the
stay''; and
(13) section 601 of this Act is amended--
(A) in subsection (a)(11)(B), by striking ``current
accreted value'' and all that follows and inserting
``accreted value of such Capital Appreciation Bond or a
Convertible Capital Appreciation Bond, as of the date of the
determination and as applicable.'';
(B) in subsection (c), by striking ``above'';
(C) in subsection (d)(3)(B), by inserting ``applicable to
such Bonds'' before the period at the end;
(D) in subsection (e), by striking ``the procedures
under'';
(E) in subsection (f)--
(i) in paragraph (1), by inserting ``and'' after ``Issuer's
existing debts,''; and
(ii) in paragraph (3), by inserting ``by the Oversight
Board'' after ``has been certified'';
(F) in subsection (i), by inserting ``with respect to not
less than 1 of'' before ``the Issuer's Outstanding Bonds.'';
(G) in subsection (j), by inserting ``such'' before
``Insured Bonds for purposes of directing remedies'';
(H) in subsection (l)--
(i) by striking ``consent of holder'' and inserting
``consent of holders''; and
(ii) by striking ``a written action'' and inserting ``an
action'';
(I) in subsection (m)--
(i) in paragraph (1)--
(I) in subparagraph (B), by striking clause (iii) and
inserting the following:
``(iii) any conditions on the effectiveness of the
Qualifying Modification have been satisfied or, except for
such conditions that have been identified in the Qualifying
Modification as being non-waivable, in the Administrative
Supervisor's sole discretion, satisfaction of such conditions
has been waived;''; and
(II) in subparagraph (C)(ii), by striking ``the lesser of''
and all that follows and inserting ``the lesser of the
Outstanding Principal amount of the Bond Claim on the
effective date of the Qualifying Modification or of the value
of the collateral securing such Bond Claim; and''; and
(ii) in paragraph (2), by striking ``should not be
subject'' and inserting ``may not be subject''; and
(J) in subsection (n)(1), by inserting ``or related to''
before ``this section.''.
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