House Bill 7279
116th Congress(2019-2020)
No Bonuses Ahead of Bankruptcy Filing Act of 2020
Introduced
Introduced in House on Jun 18, 2020
Origin Chamber
House
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
7279
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 House votes have been held for this bill.
Summary
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.
June 18, 2020
06/18/2020
Referred to the House Committee on the Judiciary.
06/18/2020
Introduced in House
Public Record
Record Updated
Feb 8, 2022 11:16:36 PM