To amend title 11 of the United States Code to prohibit the payment of bonuses to highly compensated individuals employed by the debtor and insiders of the debtor to perform services during the bankruptcy case, and for other purposes.
No Bonuses Ahead of Bankruptcy Filing Act of 2020
This bill prohibits debtors in bankruptcy proceedings from paying bonuses to certain individuals for two years, including insiders (such as relatives) and highly compensated employees.
Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.
Introduced in House
Introduced in House
Referred to the House Committee on the Judiciary.
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