H.R. 5178 (107th): Fair Treatment of Compensation in Bankruptcy Act of 2002

107th Congress, 2001–2002. Text as of Jul 22, 2002 (Introduced).

Status & Summary | PDF | Source: GPO

HR 5178 IH

107th CONGRESS

2d Session

H. R. 5178

To amend section 507(a) title 11 of the United States Code to increase, with respect to priority of payment, the aggregate amount of the claims of employees for compensation and benefits.

IN THE HOUSE OF REPRESENTATIVES

JULY 22, 2002

Mr. SHOWS (for himself and Mr. KANJORSKI) introduced the following bill; which was referred to the Committee on the Judiciary


A BILL

To amend section 507(a) title 11 of the United States Code to increase, with respect to priority of payment, the aggregate amount of the claims of employees for compensation and benefits.

    Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ‘Fair Treatment of Compensation in Bankruptcy Act of 2002’.

SEC. 2. AMENDMENTS.

    Paragraphs (3) and (4) of section 507(a) of title 11, United States Code, are amended by striking ‘$4,000’ and inserting ‘$13,500’.

SEC. 3. APPLICATION OF AMENDMENTS.

    The amendments made by section 2 shall apply only with respect to cases commenced under title 11 of the United States Code after July 19, 2002.