A bill to limit the definition of commercial in title 9, United States Code.

Section 202 of title 9, United States Code, is amended—

(1) by adding as modified by section 1 of this title, after title,; and

(2) by adding after the period at the end of the third sentence the following: The entirety of section 1 of this title, including all of the exemptions listed in section 1, shall apply to this chapter as if specifically set forth herein..

It is the intent of Congress that the definition of commercial in section 202 of title 9, United States Code, be limited by limiting the relationships described in section 2 of that title to those as modified by section 1 of that title, and incorporating the entirety of such section 1, including all of the exemptions in that section, into section 202 of that title.

This Act shall apply to any action or proceeding that is pending on the date of enactment of this Act and any action or proceeding initiated on or after such date of enactment.