To amend title 11, United States Code, to include certain pension as administrative expenses in bankruptcy, and for other purposes.

United States115th CongressHR-3969House of Representatives
Updated: Oct 16, 2017

Summary

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.

Bill texts

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Introduced (House)View official text

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Timeline

  1. Referred to the House Committee on the Judiciary.

    House of Representatives

  2. Introduced in House

  3. Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.

    House of Representatives

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