HR 7279 · 116th Congress · Finance and Financial Sector

No Bonuses Ahead of Bankruptcy Filing Act of 2020

Introduced 2020-06-18· Sponsored by Rep. Steube, W. Gregory [R-FL-17]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on the Judiciary.(2020-06-18)

Plain Language Summary

[AI summary unavailable — showing source text] No Bonuses Ahead of Bankruptcy Filing Act of 2020 This bill prohibits debtors in bankruptcy proceedings from paying bonuses to certain individuals for two years, including insiders (such as relatives) and highly compensated employees.…

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