IN THE SENATE OF THE UNITED STATES
May 15, 2019
Mr. Manchin introduced the following bill; which was read twice and referred to the Committee on Health, Education, Labor, and Pensions
To amend title 11, United States Code, to include certain pensions as administrative expenses in bankruptcy, and for other purposes.
This Act may be cited as the
Prioritizing Our Workers Act.
Allowance of administrative expenses
Section 503(b) of title 11, United States Code, is amended—
in paragraph (8)(B), by striking
and at the end;
in paragraph (9), by striking the period at the end and inserting a semicolon; and
by inserting after paragraph (9) the following:
notwithstanding section 507(a)(5), all unfunded vested benefits in a defined benefit pension plan; and
withdrawal liability determined under part 1 of subtitle E of title IV of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1381 et seq.).
Section 507(a)(5) is amended by inserting
except as provided in section 503(b)(10), after