S. 2059 Non-Monetary Default and Unexpired Lease in Bankruptcy Reform Act of 1996

S. 2059 Non-Monetary Default and Unexpired Lease in Bankruptcy Reform Act of 1996

To amend title 11, United States Code, with respect to executory contracts and unexpired leases, and for other purposes. Non-Monetary Default and Unexpired Lease in Bankruptcy Reform Act of 1996 (Introduced in Senate)

S 2059 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.

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


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'.