To amend title 11, 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.
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Summary
Based on the bill's title, it would amend Title 11 of the United States Code, the federal bankruptcy code, to prohibit the payment of bonuses to highly compensated employees of a debtor and to insiders of a debtor for performing services during a bankruptcy case. The bill's text was not available, so specific provisions, definitions, and enforcement mechanisms cannot be confirmed. The bill was referred to the House Committee on the Judiciary, and no further action is recorded.
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