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- S.4089
S.4089: Protecting Employees and Retirees in Business Bankruptcies Act of 2020
About This Bill
- Introduced June 25, 2020
- Latest Major Action June 25, 2020
- See the six similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
9 (All Democrats)
Bill Version
- Introduced in Senate - June 25, 2020
Bill Summary
Protecting Employees and Retirees in Business Bankruptcies Act of 2020 This bill modifies provisions related to Chapter 11 bankruptcy, which typically involves the reorganization of a debtor company's assets and debts. Specifically, the bill (1) expands available claims and priorities for employees and retirees, and (2) places additional restrictions on the compensation of executives and other high level employees. With respect to employee...
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
June 25, 2020 |
Read twice and referred to the Committee on the Judiciary. (text: CR S3314-3319)
|
June 25, 2020 |
Read twice and referred to the Committee on the Judiciary.
|
June 25, 2020 |
Introduced in the Senate by Richard J. Durbin (D-Ill.) |