S. 1963 · 115th Congress
Prioritizing Our Workers Act
- Stage
- In committee
- Sponsor
- Joe Manchin
- Introduced
- 2017-10-16
- Latest action
- 2017-10-16 · Introduced in Senate
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.