A bill to amend section 64 of the Bankruptcy Act to increase the maximum amount of wages and commissions accorded a priority over other debts of a bankrupt, and to clarify the definitions of wages accorded such priority.

Provides, under the Bankruptcy Act, that wages and commissions, including life insurance premiums, pension fund payments, income tax deductions, and social security deductions, not to exceed $3,000 shall have priority over other debts of a bankrupt.