S.2092: Protecting Employees and Retirees in Business Bankruptcies Act of 2007

About This Bill

Bill Summary

Protecting Employees and Retirees in Business Bankruptcies Act of 2007 - Amends federal bankruptcy law to increase the maximum amount per individual or corporation of unsecured claims ranked in the fourth (wages, salaries, or commissions) and fifth (employee benefit plan contributions) order of priority. Includes within the scope of a claim in bankruptcy certain equity securities held in a defined contribution plan for the benefit of certain...

(Source: Library of Congress)

Bill Actions

Date Description
Sponsor introductory remarks on measure.
Read twice and referred to the Committee on the Judiciary.
Sept. 25, 2007

Introduced in the Senate by Richard J. Durbin (D-Ill.)

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