STANDARDS FOR TAX DISCLOSURE.

SEC. 717. STANDARDS FOR TAX DISCLOSURE. Section 1125(a)(1) of title 11, United States Code, is amended—(1) by inserting “including a discussion of the potential material Federal tax consequences of the plan to the debtor, any successor to the debtor, and a hypothetical investor typical of the holders of claims or interests in the case,” after “records,”; and(2) by striking “a hypothetical reasonable investor typical of holders of claims or interests” and inserting “such a hypothetical investor”.