The trustee fund share changes from a percentage to $51.49 a case
To amend titles 11 and 28, United States Code, to modify the compensation payable to trustees serving in cases under chapter 7 of title 11, United States Code, to extend the term of certain temporary offices of bankruptcy judges, and for other purposes, section 3, Sec. 3.
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The trustee fund share changes from a percentage to $51.49 a case
The document says “is amended”Who acts: CongressHow: statuteSec. 3 in the PDF
What the document says
“Section 589a of title 28, United States Code, is amended-- (1) in subsection (b)(1)(A), by striking ``40.46 percent of the fees collected'' and inserting ``$51.49 of the fees collected in each case''; and”
This Act amends section 589a of title 28, United States Code, so that the United States Trustee System Fund takes a fixed $51.49 from the fees collected in each case rather than 40.46 percent of the fees collected. Section 589a is not indexed here, so nothing recorded says which fees the subsection reaches.
What the document actually says
“Section 589a of title 28, United States Code, is amended-- (1) in subsection (b)(1)(A), by striking ``40.46 percent of the fees collected'' and inserting ``$51.49 of the fees collected in each case''; and”
That sentence, in plain words
The fund used to get a share of the fees. The share was just over forty percent. Now it gets a set amount in each case.
What this is about
A share goes up and down with the fee. A set amount does not. The set amount is fifty one dollars and forty nine cents.
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