S. 1381In Committee
Protecting Employees and Retirees in Business Bankruptcies Act of 2025
Establishes stronger bankruptcy protections for employee wages, benefits, retiree claims, and collective bargaining rights while limiting executive compensation in Chapter 11 cases
Plain-English overview
What this bill does
Establishes stronger bankruptcy protections for employee wages, benefits, retiree claims, and collective bargaining rights while limiting executive compensation in Chapter 11 cases
Key points
- Establish priority for benefit claims
- Limit executive compensation
- Increase wage claim limits
- Protect collective bargaining proceedings
Current status
Where it stands
Status
In Committee
Latest action
2025-04-09 — Read twice and referred to the Committee on the Judiciary. (text: CR S2523-2527)
Related context
Topics and policy areas
undefinedFinance and Financial Sector