Equal Treatment of Pensions and Bankruptcy Act of 2003

Equal Treatment of Pensions and Bankruptcy Act of 2003 - Amends Federal bankruptcy law to authorize the
bankruptcy trustee to avoid a transfer of a debtor's interest in property to any trust or similar arrangement to
fund supplemental retirement benefits or other deferred compensation for the benefit of an insider or other
management employee made on or within one year before the bankruptcy petition filing date.

Authorizes the bankruptcy court, upon request of a party in interest or a committee of creditors, to allow such
party or committee to commence and prosecute specified proceedings if the trustee either consents, or fails to
commence such proceedings, and if the court finds that doing so is in the best interest of the estate and for the
benefit of the estate.