A bill to establish a uniform law on the subject of bankruptcies.

[AI summary unavailable — showing source text] Title I: Amendments to Title 11 of the United States Code - Makes technical amendments to the Bankruptcy Reform Act of 1978. Amends the definition of a "security" under title 11, which includes only securities registered under the Securities Act of l933, to include any security which should be so registered. Specifies the time periods for assessing tax liabilities or filing a petition of bankruptcy after a stay has been imposed. Increases the compensation payable to trustees. States that a bankruptcy petition shall operate as a stay of the filing of a tax lien or of the presentation of a negotiable instrument. Requires notification by the trustee if so required by the Clayton Act. Establishes the burden of proof in having to use, sell, or lease property. Permits any sublessee to succeed to the right of any lessee who elects to treat the lease as terminated. Allows a claim for tax liability arising from payment from the estate of claims for wages, salaries, or commissions. Sets forth limitations on the reconsideration of claims. Permits the court to offset a claim for tax liability with any counterclaim. Limits the amount of claims for wages, contributions to employee benefit plans,…