HR 11960 · 93th Congress ·

A bill to amend section 64 of the Bankruptcy Act to increase the maximum amount of wages and commissions accorded a priority over other debts of a bankrupt, and to clarify the definitions of wages accorded such priority.

Introduced 1973-12-13· Sponsored by Rep. Tiernan, Robert O. [D-RI-2]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on the Judiciary.(1973-12-13)

Plain Language Summary

[AI summary unavailable — showing source text] Provides, under the Bankruptcy Act, that wages and commissions, including life insurance premiums, pension fund payments, income tax deductions, and social security deductions, not to exceed $3,000 shall have priority over other debts of a bankrupt.…

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