AMENDMENTS TO BANKRUPTCY LAWS.

SEC. 3007. AMENDMENTS TO BANKRUPTCY LAWS. (a) Automatic Stay and Property of the Estate.— (1) Section 362(b) of title 11, United States Code, is amended— (A) in paragraph (12), by striking “or” at the end thereof; (B) in paragraph (13), by striking the period at the end thereof and inserting a semicolon; and (C) by inserting immediately following paragraph (13) the following new paragraphs: “(14) under subsection (a) of this section, of any action by an accrediting agency regarding the accreditation status of the debtor as an educational institution; “(15) under subsection (a) of this section, of any action by a State licensing body regarding the licensure of the debtor as an educational institution; or “(16) under subsection (a) of this section, of any action by a guaranty agency, as defined in section 435(j) of the Higher Education Act of 1965 (20 U.S.C. 1001 et seq.) or the Secretary of Education regarding the eligibility of the debtor to participate in programs authorized under such Act.”. (2) Section 541(b) of title 11, United States Code, is amended— (A) in paragraph (1), by striking “or” at the end thereof; (B) in paragraph (2), by striking the period at the end thereof and inserting a semicolon and “or”; and (C) by adding at the end thereof the following new paragraph: “(3) any eligibility of the debtor to participate in programs authorized under the Higher Education Act of 1965 (20 U.S.C. 1001 et seq.; 42 U.S.C. 2751 et seq.), or any accreditation status or State licensure of the debtor as an educational institution.”. (3) The amendments made by this subsection shall be effective upon date of enactment of this Act. (b) Treatment of Certain Education Loans in Bankruptcy Proceedings.— (1) Section 1328(a)(2) of title 11, United States Code, is amended by striking “section 523(a)(5)” and inserting “paragraph (5) or (8) of section 523(a)”. 104 STAT. 1388–29 (2) The amendment made by paragraph (1) shall not apply to any case under the provisions of title 11, United States Code, commenced before the date of the enactment of this Act.