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- H.R.5113
H.R.5113: Fairness and Accountability in Reorganizations Act of 2006
About This Bill
- This bill was introduced in the 109th Congress
- This bill is primarily about law
- Introduced April 6, 2006
- Latest Major Action April 6, 2006
Bill Sponsor
Bill Cosponsors
43 (All Democrats)
Bill Summary
Fairness and Accountability in Reorganizations Act of 2006 - Revises federal bankruptcy law to add to the conditions for court confirmation of a corporate reorganization plan that the compensation of an insider who will be employed or retained by the reorganized debtor has been approved by, or is subject to the approval of, the court, as reasonable. Prohibits the payment of a compensation enhancement in order to induce an insider of the debtor...
(Source: Library of Congress)
Bill Actions
Date | Description |
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Sponsor introductory remarks on measure.
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Referred to the House Committee on the Judiciary.
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April 6, 2006 |
Introduced in the House by John Conyers Jr. (D-Mich.) |