Finance and Financial Sector
No Bonuses Ahead of Bankruptcy Filing Act of 2021
Last major actionReferred to the Subcommittee on Antitrust, Commercial, and Administrative Law.
To amend title 11 of the United States Code to prohibit the payment of bonuses to highly compensated individuals employed by the debtor and insiders of the debtor to perform services during the bankruptcy case, and for other purposes.
No Bonuses Ahead of Bankruptcy Filing Act of 2021 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.