H.R. 3808 · 108th Congress
Safeguarding Assets For Employees in Bankruptcy Act of 2004
- Stage
- In committee
- Sponsor
- Luis Gutiérrez
- Introduced
- 2004-02-11
- Latest action
- 2004-03-01 · Referred to the Subcommittee on Commercial and Administrative Law.
Summary
Safeguarding Assets For Employees in Bankruptcy Act of 2004 - Amends Federal bankruptcy law to: (1) increase from $4,000 to $20,000 the dollar amount of specified unsecured claims related to employment benefits in the third and fourth priority tier; and (2) place in fifth order of priority the allowed unsecured claims of employees arising under the Worker Adjustment and Retraining Notification Act.