House Bill 5554
117th Congress(2021-2022)
No Bonuses in Bankruptcy Act of 2021
Introduced
Introduced in House on Oct 12, 2021
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
5554
Congress
117
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 in Bankruptcy Act of 2021
This bill prohibits debtors in bankruptcy proceedings from paying bonuses to certain individuals including insiders (such as relatives) and highly compensated employees.
October 12, 2021
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11/01/2022
Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.
10/12/2021
Referred to the House Committee on the Judiciary.
10/12/2021
Introduced in House
Public Record
Record Updated
Jan 1, 2023 11:51:09 PM