DOLLAR ADJUSTMENTS.

SEC. 108. DOLLAR ADJUSTMENTS. (a) Who May Be a Debtor Under Chapter 13.— Section 109(e) of title 11, United States Code, is amended— (1) by striking “$100,000” each place it appears and inserting “$250,000”, and 108 STAT. 4112 (2) by striking “$350,000” each place it appears and inserting “$750,000”. (b) Involuntary Cases.— Section 303(b) of title 11, United States Code, is amended— (1) in paragraph (1) by striking “$5,000” and inserting “$10,000”, and (2) in paragraph (2) by striking “$5,000” and inserting “$10,000”. (c) Priorities.— Section 507(a) of title 11, United States Code, is amended— (1) in paragraph (4)(B)(i) by striking “$2,000” and inserting “$4,000”, (2) in paragraph (5) by striking “$2,000” and inserting “$4,000”, and (3) in paragraph (6) by striking “$900” and inserting “$1,800”. (d) Exemptions.— Section 522(d) of title 11, United States Code, is amended— (1) in paragraph (1) by striking “$7,500” and inserting “$15,000”, (2) in paragraph (2) by striking “$1,200” and inserting “$2,400”, (3) in paragraph (3)— (A) by striking “$200” and inserting “$400”, and (B) by striking “$4,000” and inserting “$8,000”, (4) in paragraph (4) by striking “$500” and inserting “$1,000”, (5) in paragraph (5)— (A) by striking “$400” and inserting “$800”, and (B) by striking “$3,750” and inserting “$7,500”, (6) in paragraph (6) by striking “$750” and inserting “$1,500”, (7) in paragraph (8) by striking “$4,000” and inserting “$8,000”, and (8) in paragraph (11)(D) by striking “$7,500” and inserting “$15,000”. (e) Future Adjustments.— Section 104 of title 11, United States Code, is amended— (1) by inserting “(a)” before “The”, and (2) by adding at the end the following: “(b) (1) On April 1, 1998, and at each 3-year interval ending on April 1 thereafter, each dollar amount in effect under sections 109(e), 303(b), 507(a), 522(d), and 523(a)(2)(C) immediately before such April 1 shall be adjusted— “(A) to reflect the change in the Consumer Price Index for All Urban Consumers, published by the Department of Labor, for the most recent 3-year period ending immediately before January 1 preceding such April 1, and “(B) to round to the nearest $25 the dollar amount that represents such change. “(2) Not later than March 1, 1998, and at each 3-year interval ending on March 1 thereafter, the Judicial Conference of the United States shall publish in the Federal Register the dollar amounts that will become effective on such April 1 under sections 109(e), 303(b), 507(a), 522(d), and 523(a)(2)(C) of this title. 108 STAT. 4113 “(3) Adjustments made in accordance with paragraph (1) shall not apply with respect to cases commenced before the date of such adjustments.”