DEFINITION OF FIDUCIARY.

SEC. 501. DEFINITION OF FIDUCIARY.(a) In General.—(1) Chapter 55 is amended by adding at the end the following new section:“§ 5506. Definition of ‘fiduciary’ “For purposes of this chapter and chapter 61 of this title, the term ‘fiduciary’ means—“(1) a person who is a guardian, curator, conservator, committee, or person legally vested with the responsibility or care of a claimant (or a claimant’s estate) or of a beneficiary (or a beneficiary’s estate); or“(2) any other person having been appointed in a representative capacity to receive money paid under any of the laws administered by the Secretary for the use and benefit of a minor, incompetent, or other beneficiary.” .(2) The table of sections at the beginning of such chapter is amended by adding at the end the following new item: “5506. Definition of ‘fiduciary’.”. (b) Conforming Amendments to Section 5502.—Section 5502 is amended—(1) in subsection (a)—(A) in paragraph (1), by striking “other person” and inserting “other fiduciary”; and(B) in the second sentence of paragraph (2), by inserting “for benefits under this title” after “in connection with rendering fiduciary services”;118 STAT. 3618(2) in subsection (b), by striking “guardian, curator, conservator, or other person” each place it appears and inserting “fiduciary”; and(3) in subsection (d), by striking “guardian, curator, or conservator” and inserting “fiduciary”.(c) Conforming Amendment to Section 6101.—Section 6101(a) is amended by striking “guardian, curator,” and all that follows through “beneficiary,” and inserting “fiduciary (as defined in section 5506 of this title) for the benefit of a minor, incompetent, or other beneficiary under laws administered by the Secretary,”.