To amend title 11, United States Code, to include certain pension as administrative expenses in bankruptcy, and for other purposes.
Prioritizing Our Workers Act
This bill amends the federal bankruptcy code to include as allowable administrative expenses in bankruptcy the unfunded vested benefits in a defined pension plan and certain pension obligations under the Employee Retirement Income Security Act of 1974 (ERISA). Claims for administrative expenses are entitled to priority in bankruptcy proceedings.
Read twice and referred to the Committee on the Judiciary.
Introduced in House
Introduced in House
Referred to the House Committee on the Judiciary.
Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.
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