REPORTS BY INDENTURE TRUSTEE.

SEC. 411. REPORTS BY INDENTURE TRUSTEE. Section 313(a) of the Trust Indenture Act of 1939 (15 U.S.C. 77mmm(a)) is amended— (1) by striking “The indenture to be qualified shall contain provisions requiring the indenture trustee to” and inserting “The indenture trustee shall”; (2) by inserting after “a brief report with respect to” the following: “any of the following events which may have occurred within the previous 12 months (but if no such event has occurred within such period no report need be transmitted):”; (3) by inserting after the paragraph designation at the beginning of paragraphs (1), (4), and (5) the following: “any change to”; (4) in paragraph (1) by striking or in lieu thereof, if to the best of its knowledge it has continued to be eligible and qualified under such section, a written statement to such effect”; and (5) (A) by redesignating paragraphs (2) through (7) as paragraphs (3) through (8), respectively; and (B) by inserting after paragraph (1) the following: “(2) the creation of or any material change to a relationship specified in paragraph (1) through (10) of section 310(b);”.