To amend title 11, United States Code, to improve protections for employees and retirees in business bankruptcies.

Bill 118 hr 10538, also known as the Employee and Retiree Bankruptcy Protection Act, aims to make changes to title 11 of the United States Code in order to enhance the safeguards for employees and retirees during business bankruptcies.

The key provisions of this bill include:

1. Ensuring that employees and retirees are given priority in receiving payments during bankruptcy proceedings, ahead of other creditors. 2. Requiring companies to provide advance notice to employees and retirees before filing for bankruptcy, in order to give them time to prepare for potential financial impacts. 3. Establishing a trust fund to protect employee and retiree benefits, such as pensions and healthcare, in the event of bankruptcy. 4. Strengthening oversight and enforcement mechanisms to ensure that companies comply with these new protections for employees and retirees. Overall, the Employee and Retiree Bankruptcy Protection Act seeks to provide greater security and support for workers and retirees who may be negatively affected by business bankruptcies.