UNIFORM REPORTING RULES AND FORMS FOR SMALL BUSINESS CASES.

SEC. 435. UNIFORM REPORTING RULES AND FORMS FOR SMALL BUSINESS CASES.(a) Proposal of Rules and Forms.—The Judicial Conference of the United States shall propose in accordance with section 2073 of title 28 of the United States Code amended Federal Rules of 119 STAT. 112 Bankruptcy Procedure, and shall prescribe in accordance with rule 9009 of the Federal Rules of Bankruptcy Procedure official bankruptcy forms, directing small business debtors to file periodic financial and other reports containing information, including information relating to—(1) the debtor’s profitability;(2) the debtor’s cash receipts and disbursements; and(3) whether the debtor is timely filing tax returns and paying taxes and other administrative expenses when due.(b) Purpose.—The rules and forms proposed under subsection (a) shall be designed to achieve a practical balance among—(1) the reasonable needs of the bankruptcy court, the United States trustee, creditors, and other parties in interest for reasonably complete information;(2) a small business debtor’s interest that required reports be easy and inexpensive to complete; and(3) the interest of all parties that the required reports help such debtor to understand such debtor’s financial condition and plan the such debtor’s future.