H.R. 3969 · 115th Congress
Prioritizing Our Workers Act
- Stage
- In committee
- Sponsor
- Tim Ryan
- Introduced
- 2017-10-05
- Latest action
- 2017-10-16 · Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.
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.