S.4089: Protecting Employees and Retirees in Business Bankruptcies Act of 2020

About This Bill

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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.)

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