HR 1557 · 116th Congress · Finance and Financial Sector

No Bonuses in Bankruptcy Act of 2019

Introduced 2019-03-06· Sponsored by Rep. Bustos, Cheri [D-IL-17]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.(2019-04-08)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

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

Cosponsors (14)

13 Democrats1 Republican
Rep. Burchett, Tim [R-TN-2]TN
Rep. Slotkin, Elissa [D-MI-8]MI
Rep. Axne, Cynthia [D-IA-3]IA
Rep. Finkenauer, Abby [D-IA-1]IA
Rep. Cicilline, David N. [D-RI-1]RI
Rep. Grijalva, Raúl M. [D-AZ-3]AZ
Rep. McBath, Lucy [D-GA-6]GA
Rep. Rose, Max [D-NY-11]NY
Rep. Raskin, Jamie [D-MD-8]MD
Rep. Scanlon, Mary Gay [D-PA-5]PA
Rep. Courtney, Joe [D-CT-2]CT
Rep. DeLauro, Rosa L. [D-CT-3]CT
Rep. Hayes, Jahana [D-CT-5]CT
Rep. Larson, John B. [D-CT-1]CT