H.R. 10724 — To amend title 11, United States Code, to clarify the rules for the exceptions to the discharge of the debt of an individual debtor, and for other purposes.

This section limits exceptions to discharge in bankruptcy for debts obtained by false pretenses, false representations, actual fraud, or false statements in writing respecting financial condition to those committed by the debtor. It also limits exceptions for fraud or defalcation while acting in a fiduciary capacity, embezzlement, or larceny to acts committed by the debtor.