HR 3808 · 108th Congress · Finance and Financial Sector

Safeguarding Assets For Employees in Bankruptcy Act of 2004

Introduced 2004-02-11· Sponsored by Rep. Gutierrez, Luis V. [D-IL-4]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Commercial and Administrative Law.(2004-03-01)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only