References in Text
section 464 and
466 of the Social Security Act, referred to in subsec. (c)(1)(A)(i), are classified to
section 664 and
666, respectively, of Title 42, The Public Health and Welfare. Codification For repeal of section effective Oct. 1, 1998, and subsequent reenactment of section, see note set out preceding
section 1201 of this title.
Amendments
2010—Subsec. (b)(1). Pub. L. 111–327, § 2(a)(38)(A), substituted “704(a)(2), 704(a)(3), 704(a)(5), 704(a)(6), 704(a)(7), and 704(a)(9)” for “704(2), 704(3), 704(5), 704(6), 704(7), and 704(9)”. Subsec. (b)(5). Pub. L. 111–327, § 2(a)(38)(B), substituted “704(a)(8)” for “704(8)”. 2005—Subsec. (b)(6). Pub. L. 109–8, § 219(c)(1), added par. (6). Subsec. (c). Pub. L. 109–8, § 219(c)(2), added subsec. (c). 1986—Subsecs. (c), (d). Pub. L. 99–554, § 227, struck out subsecs. (c) and (d) which read as follows: “(c) If the number of cases under this chapter commenced in a particular judicial district so warrants, the court may appoint one or more individuals to serve as standing trustee for such district in cases under this chapter. “(d)(1) A court that has appointed an individual under subsection (a) of this section to serve as standing trustee in cases under this chapter shall set for such individual— “(A) a maximum annual compensation not to exceed the lowest annual rate of basic pay in effect for grade GS–16 of the General Schedule prescribed under
section 5332 of title 5; and “(B) a percentage fee not to exceed the sum of— “(i) not to exceed ten percent of the payments made under the plan of such debtor, with respect to payments in an aggregate amount not to exceed $450,000; and “(ii) three percent of payments made under the plan of such debtor, with respect to payments made after the aggregate amount of payments made under the plan exceeds $450,000; based on such maximum annual compensation and the actual, necessary expenses incurred by such individual as standing trustee. “(2) Such individual shall collect such percentage fee from all payments under plans in the cases under this chapter for which such individual serves as standing trustee. Such individual shall pay annually to the Treasury— “(A) any amount by which the actual compensation received by such individual exceeds five percent of all such payments made under plans in cases under this chapter for which such individual serves as standing trustee; and “(B) any amount by which the percentage fee fixed under paragraph (1)(B) of this subsection for all such cases exceeds— “(i) such individual’s actual compensation for such cases, as adjusted under subparagraph (A) of this paragraph; plus “(ii) the actual, necessary expenses incurred by such individual as standing trustee in such cases.” See
section 586(b) and (e) of Title 28, Judiciary and Judicial Procedure.
Statutory Notes and Related Subsidiaries
Effective Date
of 2005 AmendmentAmendment by
section 219(c) of Pub. L. 109–8 effective 180 days after Apr. 20, 2005, and not applicable with respect to cases commenced under this title before such
Effective Date
, except as otherwise provided, see
section 1501 of Pub. L. 109–8, set out as a note under
section 101 of this title.
Effective Date
sPermanent reenactment of section effective July 1, 2005, see
section 1001(a)(2) of Pub. L. 109–8, set out as a Repeal, Reenactment, and Termination of Chapter note under
section 1201 of this title. For
Effective Date
s of
Amendments
extending periods for which section was reenacted prior to permanent reenactment, see
Effective Date
of 1999, 2001, 2002, 2003, and 2004 Amendment notes set out under
section 1201 of this title. Section effective 30 days after Oct. 27, 1986, and before the amendment by
section 227 of Pub. L. 99–554, see
section 302(c)(2) of Pub. L. 99–554, set out in an
Effective Date
of 1986 Amendment; Transition and Administrative Provisions note under
section 581 of Title 28, Judiciary and Judicial Procedure.
Effective Date
and applicability of amendment by
section 227 of Pub. L. 99–554 dependent upon the judicial district involved, see
section 302(d), (e) of Pub. L. 99–554. References in Subsection (a) Temporarily Deemed To Be References to Other ProvisionsUntil the
Amendments
made by subtitle A (§§ 201 to 231) of title II of Pub. L. 99–554 become effective in a district and apply to a case, in subsec. (a) of this section— (1) the first two references to the United States trustee are deemed to be references to the court, and (2) any reference to
section 586(b) of Title 28, Judiciary and Judicial Procedure, is deemed to be a reference to subsec. (c) of this section, see
section 302(c)(3)(B), (d), (e) of Pub. L. 99–554, set out in an
Effective Date
of 1986 Amendment; Transition and Administrative Provisions note under
section 581 of Title 28.