H.R. 1557 · 116th Congress
No Bonuses in Bankruptcy Act of 2019
- Stage
- In committee
- Sponsor
- Cheri Bustos
- Introduced
- 2019-03-06
- Latest action
- 2019-04-08 · Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.
Summary
No Bonuses in Bankruptcy Act of 2019
This bill prohibits debtors in bankruptcy proceedings from paying bonuses to certain individuals, including insiders (such as relatives) and highly compensated employees.