No Bonuses Ahead of Bankruptcy Filing Act of 2020

Summary

Official

No Bonuses Ahead of Bankruptcy Filing Act of 2020 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.

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Bill Progress

Bill has been introduced and assigned a number

Introduced(6/18/20)

Committee

Passed House

Passed Senate

President

Law

Sponsor

Mr. Steube

House (R) Florida – 17

Topics

Business & Finance

Employment

Latest Action

Referred to the House Committee on the Judiciary.

Jun 18, 2020