RECLAMATION.

SEC. 1227. RECLAMATION.(a) Rights and Powers of the Trustee.—Section 546(c) of title 11, United States Code, is amended to read as follows:“(c)(1) Except as provided in subsection (d) of this section and in section 507(c), and subject to the prior rights of a holder of 119 STAT. 200 a security interest in such goods or the proceeds thereof, the rights and powers of the trustee under sections 544(a), 545, 547, and 549 are subject to the right of a seller of goods that has sold goods to the debtor, in the ordinary course of such seller’s business, to reclaim such goods if the debtor has received such goods while insolvent, within 45 days before the date of the commencement of a case under this title, but such seller may not reclaim such goods unless such seller demands in writing reclamation of such goods—“(A) not later than 45 days after the date of receipt of such goods by the debtor; or“(B) not later than 20 days after the date of commencement of the case, if the 45-day period expires after the commencement of the case.“(2) If a seller of goods fails to provide notice in the manner described in paragraph (1), the seller still may assert the rights contained in section 503(b)(9).”.(b) Administrative Expenses.—Section 503(b) of title 11, United States Code, as amended by sections 445 and 1103, is amended by adding at the end the following:“(9) the value of any goods received by the debtor within 20 days before the date of commencement of a case under this title in which the goods have been sold to the debtor in the ordinary course of such debtor’s business.”.