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No Bonuses Ahead of Bankruptcy Filing Act of 2020
2/8/2022, 11:16 PM
Congressional Summary of HR 7279
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.
Read the Full Bill
Current Status of Bill HR 7279
Bill HR 7279 is currently in the status of Bill Introduced since June 18, 2020. Bill HR 7279 was introduced during Congress 116 and was introduced to the House on June 18, 2020. Bill HR 7279's most recent activity was Referred to the House Committee on the Judiciary. as of June 18, 2020
Bipartisan Support of Bill HR 7279
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 7279
Primary Policy Focus
Finance and Financial SectorPotential Impact Areas
- Bankruptcy
- Corporate finance and management
- Wages and earnings
Alternate Title(s) of Bill HR 7279
No Bonuses Ahead of Bankruptcy Filing Act of 2020
To amend title 11 of the United States Code to prohibit the payment of bonuses to highly compensated individuals employed by the debtor and insiders of the debtor to perform services during the bankruptcy case, and for other purposes.
No Bonuses Ahead of Bankruptcy Filing Act of 2020
Comments
Sponsors and Cosponsors of HR 7279
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