DEFINITION OF HOUSEHOLD GOODS AND ANTIQUES.

SEC. 313. DEFINITION OF HOUSEHOLD GOODS AND ANTIQUES.(a) Definition.—Section 522(f) of title 11, United States Code, is amended by adding at the end the following:“(4)(A) Subject to subparagraph (B), for purposes of paragraph (1)(B), the term ‘household goods’ means—“(i) clothing; “(ii) furniture; “(iii) appliances; “(iv) 1 radio; “(v) 1 television; “(vi) 1 VCR; “(vii) linens; “(viii) china; “(ix) crockery; “(x) kitchenware; “(xi) educational materials and educational equipment primarily for the use of minor dependent children of the debtor; (xii) medical equipment and supplies; “(xiii) furniture exclusively for the use of minor children, or elderly or disabled dependents of the debtor; “(xiv) personal effects (including the toys and hobby equipment of minor dependent children and wedding rings) of the debtor and the dependents of the debtor; and“(xv) 1 personal computer and related equipment.“(B) The term ‘household goods’ does not include—“(i) works of art (unless by or of the debtor, or any relative of the debtor);“(ii) electronic entertainment equipment with a fair market value of more than $500 in the aggregate (except 1 television, 1 radio, and 1 VCR);“(iii) items acquired as antiques with a fair market value of more than $500 in the aggregate;“(iv) jewelry with a fair market value of more than $500 in the aggregate (except wedding rings); and“(v) a computer (except as otherwise provided for in this section), motor vehicle (including a tractor or lawn tractor), boat, or a motorized recreational device, conveyance, vehicle, watercraft, or aircraft.”.(b) Study.—Not later than 2 years after the date of enactment of this Act, the Director of the Executive Office for United States Trustees shall submit a report to the Committee on the Judiciary of the Senate and the Committee on the Judiciary of the House of Representatives containing its findings regarding utilization of 119 STAT. 88 the definition of household goods, as defined in section 522(f)(4) of title 11, United States Code, as added by subsection (a), with respect to the avoidance of nonpossessory, nonpurchase money security interests in household goods under section 522(f)(1)(B) of title 11, United States Code, and the impact such section 522(f)(4) has had on debtors and on the bankruptcy courts. Such report may include recommendations for amendments to such section 522(f)(4) consistent with the Director’s findings.