A bill 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.
Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.
Introduced in Senate
Read twice and referred to the Committee on the Judiciary.
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