To amend title 11 of the United States Code to prohibit the payment of bonuses to highly compensated employees and insiders of the debtor to perform services during the bankruptcy case; and for other purposes.
No Bonuses in Bankruptcy Act of 2018 This bill prohibits the payment of bonuses to certain highly compensated employees and other insiders of a debtor for services performed during chapter 11 (reorganization) bankruptcy proceedings.
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Timeline
Introduced in House
Referred to the House Committee on the Judiciary.
Introduced in House
Referred to the House Committee on the Judiciary.
Finance and Financial Sector
Administrative law and regulatory proceduresBankruptcyCorporate finance and managementWages and earnings
To amend title 11 of the United States Code to prohibit the payment of bonuses to highly compensated employees and insiders of the debtor to perform services during the bankruptcy case; and for other purposes.
USA115th CongressHR-6912| House
| Updated: 9/26/2018
No Bonuses in Bankruptcy Act of 2018 This bill prohibits the payment of bonuses to certain highly compensated employees and other insiders of a debtor for services performed during chapter 11 (reorganization) bankruptcy proceedings.