Summary: S.1963 — 115th Congress (2017-2018)All Information (Except Text)

There is one summary for S.1963. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (10/16/2017)

Prioritizing Our Workers Act

This bill amends the federal bankruptcy code to include as allowable administrative expenses in bankruptcy the unfunded vested benefits in a defined pension plan and certain pension obligations under the Employee Retirement Income Security Act of 1974 (ERISA). Claims for administrative expenses are entitled to priority in bankruptcy proceedings.