Senate Bill 1486
116th Congress(2019-2020)
Prioritizing Our Workers Act
Introduced
Introduced in Senate on May 15, 2019
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
1486
Congress
116
Policy Area
Finance and Financial Sector
Finance and Financial Sector
Primary focus of measure is U.S. banking and financial institutions regulation; consumer credit; bankruptcy and debt collection; financial services and investments; insurance; securities; real estate transactions; currency. Measures concerning financial crimes may fall under Crime and Law Enforcement. Measures concerning business and corporate finance may fall under Commerce policy area. Measures concerning international banking may fall under Foreign Trade and International Finance policy area.
No Senate votes have been held for this bill.
Summary
Prioritizing Our Workers Act
This bill includes as allowable administrative expenses in bankruptcy the unfunded vested benefits in a defined pension plan and certain pension withdrawal liabilities. Claims for administrative expenses are entitled to priority in bankruptcy proceedings.
May 15, 2019
05/15/2019
Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (Sponsor introductory remarks on measure: CR S2889)
05/15/2019
Introduced in Senate
Public Record
Record Updated
Feb 8, 2022 11:21:49 PM