US HB1557 | 2019-2020 | 116th Congress
Status
Spectrum: Strong Partisan Bill (Democrat 14-1)
Status: Introduced on March 6 2019 - 25% progression, died in committee
Action: 2019-04-08 - Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.
Pending: House Subcommittee on Antitrust, Commercial, and Administrative Law Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 6 2019 - 25% progression, died in committee
Action: 2019-04-08 - Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.
Pending: House Subcommittee on Antitrust, Commercial, and Administrative Law Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Prohibits debtors in bankruptcy proceedings from paying bonuses to certain individuals, including insiders (such as relatives) and highly compensated employees.
Title
No Bonuses in Bankruptcy Act of 2019
Sponsors
| Rep. Cheri Bustos [D-IL] | Rep. Tim Burchett [R-TN] | Rep. Elissa Slotkin [D-MI] | Rep. Cindy Axne [D-IA] |
| Rep. Abby Finkenauer [D-IA] | Rep. David Cicilline [D-RI] | Rep. Raul Grijalva [D-AZ] | Rep. Lucy McBath [D-GA] |
| Rep. Max Rose [D-NY] | Rep. Jamie Raskin [D-MD] | Rep. Mary Gay Scanlon [D-PA] | Rep. Joe Courtney [D-CT] |
| Rep. Rosa DeLauro [D-CT] | Rep. Jahana Hayes [D-CT] | Rep. John Larson [D-CT] |
History
| Date | Chamber | Action |
|---|---|---|
| 2019-04-08 | House | Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law. |
| 2019-03-06 | House | Referred to the House Committee on the Judiciary. |
| 2019-03-06 | House | Introduced in House |
Same As/Similar To
HB7279 (Related) 2020-06-18 - Referred to the House Committee on the Judiciary.
Subjects
Administrative law and regulatory procedures
Bankruptcy
Corporate finance and management
Finance and financial sector
Wages and earnings
Bankruptcy
Corporate finance and management
Finance and financial sector
Wages and earnings
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/116th-congress/house-bill/1557/all-info |
| Text | https://www.congress.gov/116/bills/hr1557/BILLS-116hr1557ih.pdf |
