A bill to amend title 28 of the United States Code regarding jurisdiction in bankruptcy proceedings, and for other purposes.

Revises Federal law pertaining to the jurisdiction and venue of bankruptcy courts. States that the bankruptcy court for the district in which a case is pending shall exercise all of the jurisdiction conferred on the district courts. Permits a district judge to recall such a case on his own motion or the motion of a party or of the bankruptcy judge.

Provides that any bankruptcy judge may be designated to serve as a special master for the district courts pursuant to the Federal Rules of Civil Procedure.

Revises rules pertaining to venue of proceedings arising under or related to bankruptcy.