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

United States115th CongressS-1963Senate
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

Available versions
Introduced (Senate)View official text

1 version available

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Timeline

Latest companion bill action

HR-3969: To amend title 11, United States Code, to include certain pension as administrative expenses in bankruptcy, and for other purposes.

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

  1. Read twice and referred to the Committee on the Judiciary.

    Senate

  2. Introduced in Senate

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