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S. 1486: Prioritizing Our Workers Act


The text of the bill below is as of May 15, 2019 (Introduced).


II

116th CONGRESS

1st Session

S. 1486

IN THE SENATE OF THE UNITED STATES

May 15, 2019

introduced the following bill; which was read twice and referred to the Committee on Health, Education, Labor, and Pensions

A BILL

To amend title 11, United States Code, to include certain pensions as administrative expenses in bankruptcy, and for other purposes.

1.

Short title

This Act may be cited as the Prioritizing Our Workers Act.

2.

Allowance of administrative expenses

(a)

In general

Section 503(b) of title 11, United States Code, is amended—

(1)

in paragraph (8)(B), by striking and at the end;

(2)

in paragraph (9), by striking the period at the end and inserting a semicolon; and

(3)

by inserting after paragraph (9) the following:

(10)

notwithstanding section 507(a)(5), all unfunded vested benefits in a defined benefit pension plan; and

(11)

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.).

.

(b)

Conforming amendment

Section 507(a)(5) is amended by inserting except as provided in section 503(b)(10), after Fifth,.