HR 3969 · 115th Congress · Finance and Financial Sector
Prioritizing Our Workers Act
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.(2017-10-16)
Plain Language Summary
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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.…
Summarized by Claude AI · Non-partisan · For informational purposes only