Summary: S.1486 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for S.1486. Bill summaries are authored by CRS.

Shown Here:
Introduced in Senate (05/15/2019)

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.