Loading…
Protecting Employees and Retirees in Business Bankruptcies Act of 2020
Legislative Progress
Momentum (last 30 days)
0
score
0 actions · 0 new cosponsors · 0 votes
Speed vs cohort
90pct
96d open
vs 9,062 other HR bills in the 116th — cohort avg 39d
Protecting Employees and Retirees in Business Bankruptcies Act of 2020 This bill modifies provisions related to Chapter 11 bankruptcy, which typically involves the reorganization of a debtor company's assets and debts. Specifically, the bill (1) expands available claims and priorities for employees and retirees, and (2) places additional restrictions on the compensation of executives and other high level employees. With respect to employee and retiree recoveries and losses, the bill increases the maximum value and age of specified wage and benefit claims entitled to priority payment; allows certain claims for losses related to defined contribution plans, if the employer or plan sponsor has committed fraud or otherwise breached its fiduciary duty; allows, as an administrative expense of the estate, severance pay owed to employees and contributions to an employee benefit plan; establishes certain restrictions regarding the rejection or amendment of a collective bargaining agreement; revises specified procedures related to the reduction or denial of retiree benefits; requires a court, in approving a sale of business assets, to consider the extent to which a bidder has offered to maintain existing jobs and assume benefit obligations; and allows claims related to pension losses. With respect to executive compensation, the bill establishes specified limitations related to executive compensation enhancements, prohibits executives from receiving certain retiree benefits if such benefits were reduced or eliminated for other employees or retirees, and revises other requirements related to court approval of such compensation.
These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.
Filing registrants (10)
Ordered to be Reported (Amended) by the Yeas and Nays: 20 - 10.
Committee Consideration and Mark-up Session Held.
Committee Consideration and Mark-up Session Held.
Referred to the House Committee on the Judiciary.
Introduced in House
Congress.gov source codes: 1000, Intro-H
Bills with similar content found using semantic analysis.
Sources: Congress.gov
2021 · first_quarter · Labor Issues/Antitrust/Workplace
- Black Lung Benefits Disability Trust Fund Solvency Act No Bill# Senate/House - Black Lung Benefits Improvement Act No Bill# Senate/House - COVID-19 Mine Worker Protection Act S. 184/H.R. 646 Senate/House - Protecting Employees and Retirees in Business Bankruptcies Act S. 4089/H.R. 7370 Senate/House - To Amend the Black Lung Benefit Act to Provide Equity for Certain Eligible Workers, Survivors and for other Purposes No Bill# House - Protect the Right to Organize Act (PRO Act) S. 420/H.R. 842 Senate/House - Raise the Wage Act of 2021 S. 53/H.R. 603 Senate/House - Relief for Survivors of Miners Act of 2021 S. 757 Senate - Stop Looting Pensions Act (SLAP Act) of 2021No Bill# Senate - UMWACC/TrainingNo Bill# Senate/House
Client expense: $113,132 · Firm income: Not reported
Government targets: Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Office of Management & Budget (OMB), SENATE
2020 · fourth_quarter · Labor Issues/Antitrust/Workplace
- Black Lung Benefits Disability Trust Fund Solvency Act S. 3172/H.R 3878 Senate/House - Black Lung Benefits Improvement Act of 2019 S. 2205/H.R. 1912 Senate/House - COVID-19 Mine Worker Protection Act S. 3710/No Bill # House - Protecting Employees and Retirees in Business Bankruptcies Act S. 4089/H.R. 7370 Senate/House - To Amend the Black Lung Benefit Act to Provide Equity for Certain Eligible Workers, Survivors and for other Purposes H.R. 170 House - Protect the Right to Organize Act (PRO Act) S.1306/H.R. 2474 Senate/House - Raise the Wage Act S. 150/H.R 582 Senate/House - Stop Looting Pensions Act (SLAP Act) of 2019 S. 2737 Senate - UMWACC/Training No Bill# Senate/House - Workplace Democracy Act H.R. 5728 House
Client expense: $131,300 · Firm income: Not reported
Government targets: Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Office of Management & Budget (OMB), SENATE
2020 · fourth_quarter · Labor Issues/Antitrust/Workplace
S. 4089/HR 7370 - Protecting Employees and Retirees in Business Bankruptcies Act of 2020;
Client expense: $300,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE, U.S. Trade Representative (USTR)
2020 · fourth_quarter · Bankruptcy
Airline Bankruptcy, Rejection of Collective Bargaining Agreements, Bankruptcy Reform Protecting Employees and Retirees in Business Bankruptcies Act, S. 4089, H.R. 7370.
Client expense: $390,000 · Firm income: Not reported
Government targets: Federal Aviation Administration (FAA), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), SENATE, Transportation Security Administration (TSA), Transportation, Dept of (DOT), Treasury, Dept of
- H.R. 7370 - the Protecting Employees and Retirees in Business Bankruptcies Act of 2020 - S. 780 - No Tax Breaks for Outsourcing Act - H.R. 1711 - No Tax Breaks for Outsourcing Act
Client expense: $680,000 · Firm income: Not reported
Government targets: Centers For Disease Control & Prevention (CDC), Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Labor, Dept of (DOL), Occupational Safety & Health Administration (OSHA), SENATE
2020 · fourth_quarter · Financial Institutions/Investments/Securities
Monitor the following: H.R.6579, To amend the Internal Revenue Code of 1986 to allow certain taxpayers a 2-year carryback of net operating losses and to restore and make permanent the limitation on excess business losses of non-corporate taxpayers, Entirety S.3640, CARES Windfall for the Wealthiest Repeal Act, Entirety H.R.7370, Protecting Employees and Retirees in Business Bankruptcies Act of 2020, Entirety
Client expense: $370,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), General Services Administration (GSA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), SENATE
2020 · fourth_quarter · Retirement
Multiemployer Pension Crisis, Pension Benefit Guaranty Corporation related issues Monitor the following: H.R.141/S.521, the Social Security Fairness Act, Entirety H.R.4540, Public Servants Protection & Fairness Act, Entirety H.R.860/S.269, Social Security 2100 Act, Entirety H.R.7370, Protecting Employees and Retirees in Business Bankruptcies Act of 2020, Entirety Guaranteed Retirement Accounts/retirement security
Client expense: $370,000 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), General Services Administration (GSA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), SENATE
2020 · fourth_quarter · Retirement
Pension Funding and Smoothing Legislation; Investor Protection Fiduciary Regulations; Butch Lewis Act(H.R. 397); Strengthening Social Security; HEALS Act; HEROES Act 2.0 (H.R.925); Protecting Employees and Retirees in Business Bankruptcies Act of 2020 (H.R.7370/S.4089); Consolidated Appropriations Act, 2021 (H.R. 133)
Client expense: $130,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Labor, Dept of (DOL), Natl Highway Traffic Safety Administration (NHTSA), Natl Labor Relations Board (NLRB), Occupational Safety & Health Administration (OSHA), Office of Management & Budget (OMB), SENATE, State, Dept of (DOS), U.S. Customs & Border Protection, U.S. International Trade Commission (ITC), U.S. Trade Representative (USTR), White House Office
2020 · fourth_quarter · Banking
Puerto Rico Recovery; Consumer Rights; Carried Interest; Arbitration/payday loans; Export/Import Bank; PPP Program Oversight; HEALS Act; HEROES Act 2.0 (H.R.925); The Protecting Employees and Retirees in Business Bankruptcies Act (S. 4089/H.R. 7370); Consolidated Appropriations Act, 2021 (H.R. 133)
Client expense: $130,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Labor, Dept of (DOL), Natl Highway Traffic Safety Administration (NHTSA), Natl Labor Relations Board (NLRB), Occupational Safety & Health Administration (OSHA), Office of Management & Budget (OMB), SENATE, State, Dept of (DOS), U.S. Customs & Border Protection, U.S. International Trade Commission (ITC), U.S. Trade Representative (USTR), White House Office
2020 · fourth_quarter · Bankruptcy
1. H.R. 7370, Protecting Employees and Retirees in Business Bankruptcies Act of 2020, entire bill 2. S. 4089, Protecting Employees and Retirees in Business Bankruptcies Act of 2020, entire bill 3. S. 4991, Consumer Bankruptcy Reform Act of 2020, entire bill
Client expense: $70,000 · Firm income: Not reported
Government targets: Centers For Medicare and Medicaid Services (CMS), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Labor, Dept of (DOL), Pension & Welfare Benefits Administration, Pension Benefit Guaranty Corporation (PBGC), SENATE, Social Security Administration (SSA)
2020 · fourth_quarter · Retirement
Department of Labor proposed rule regarding "Financial Factors in Selecting Plan Investments" (85 Fed. Reg. 39113, June 30, 2020). Department of Labor final rule regarding "Financial Factors in Selecting Plan Investments" interpreting section 404(a)(1)(A) of ERISA concerning requirements that plan fiduciaries act for the exclusive purpose of: (i) providing benefits to participants and their beneficiaries; and (ii) defraying reasonable expenses of administering the plan" (85 Fed. Reg. 72846, November 13, 2020). H.R. 7370, the "Protecting Employees and Retirees in Business Bankruptcies Act of 2020," legislation modifying the ability of workers to make claims related to their retirement benefits during Chapter 11 bankruptcy; entire bill. H.R. 8406, the "Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act," legislation making emergency supplemental appropriations for the fiscal year ending September 30, 2021; Division G ("Retirement Provisions"), Title I ("Relief for Multiemployer Pension Plans") and Division H ("Giving Retirement Options to Workers Act"). Legislative proposals to authorize composite multiemployer pension plans as a means to provide a secure, sustainable retirement for workers while ensuring the viability of sponsoring employers (no bill introduced). General education concerning proposals for comprehensive reform of the defined benefit, multiemployer pension system and the importance of authorizing new plan designs as part of any such comprehensive reform. General education concerning the need to include composite plans in any future COVID-19 relief bill.
Client expense: Not reported · Firm income: $50,000
2020 · third_quarter · Labor Issues/Antitrust/Workplace
H.R.6514/S. 4717 - Worker Health Coverage Protection Act - Advocate for passage; H.R.6559/S 3677/COVID-19 Every Worker Protection Act of 2020 - Advocate for passage; S. 4089/HR 7370 - Protecting Employees and Retirees in Business Bankruptcies Act of 2020; H.R.7700/S. 3277 - COVID-19 Mine Worker Protection Act; Energy and Water Appropriations - Advocated for Hazardous worker training programs
Client expense: $300,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, U.S. Trade Representative (USTR)
2020 · third_quarter · Bankruptcy
Airline Bankruptcy, Rejection of Collective Bargaining Agreements, Bankruptcy Reform Protecting Employees and Retirees in Business Bankruptcies Act, S. 4089, H.R. 7370.
Client expense: $450,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Federal Aviation Administration (FAA), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), SENATE, Transportation Security Administration (TSA), Transportation, Dept of (DOT), Treasury, Dept of
H.R. 7370 S. 4089 Corporate Bankruptcy
Client expense: $640,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, U.S. Trade Representative (USTR)
2020 · third_quarter · Bankruptcy
S. 4089/H.R. 7370, Protecting Employees and Retirees in Business Bankruptcies Act
Client expense: $402,022 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Federal Aviation Administration (FAA), Federal Motor Carrier Safety Administration, HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Transportation, Dept of (DOT), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office
2020 · third_quarter · Retirement
H.R.141/S.521, the Social Security Fairness Act, Entirety H.R.4540, Public Servants Protection & Fairness Act, Entirety H.R.860/S.269, Social Security 2100 Act, Entirety H.R.7370, Protecting Employees and Retirees in Business Bankruptcies Act of 2020, Entirety Monitor Guaranteed Retirement Accounts/retirement security
Client expense: $340,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), SENATE
2020 · third_quarter · Financial Institutions/Investments/Securities
H.R.6579, To amend the Internal Revenue Code of 1986 to allow certain taxpayers a 2-year carryback of net operating losses and to restore and make permanent the limitation on excess business losses of non-corporate taxpayers, Entirety S.3640, CARES Windfall for the Wealthiest Repeal Act, Entirety H.R.7370, Protecting Employees and Retirees in Business Bankruptcies Act of 2020, Entirety
Client expense: $340,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), SENATE
2020 · third_quarter · Labor Issues/Antitrust/Workplace
- Black Lung Benefits Disability Trust Fund Solvency Act S. 3172/H.R 3878 Senate/House - Black Lung Benefits Improvement Act of 2019 S. 2205/H.R. 1912 Senate/House - COVID-19 Mine Worker Protection Act S. 3710/No Bill # House - Protecting Employees and Retirees in Business Bankruptcies Act S. 4089/H.R. 7370 Senate/House - To Amend the Black Lung Benefit Act to Provide Equity for Certain Eligible Workers, Survivors and for other Purposes H.R. 170 House - Protect the Right to Organize Act (PRO Act) S.1306/H.R. 2474 Senate/House - Raise the Wage Act S. 150/H.R 582 Senate/House - Stop Looting Pensions Act (SLAP Act) of 2019 S. 2737 Senate - UMWACC/Training No Bill# Senate/House - Workplace Democracy Act H.R. 5728 House
Client expense: $109,903 · Firm income: Not reported
Government targets: Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Office of Management & Budget (OMB), SENATE
2020 · third_quarter · Retirement
Pension Funding and Smoothing Legislation; Investor Protection Fiduciary Regulations; Butch Lewis Act(H.R. 397); Strengthening Social Security; HEALS Act; HEROES Act 2.0 (H.R.925); Protecting Employees and Retirees in Business Bankruptcies Act of 2020 (H.R.7370/S.4089)
Client expense: $230,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Labor, Dept of (DOL), Natl Highway Traffic Safety Administration (NHTSA), Natl Labor Relations Board (NLRB), Occupational Safety & Health Administration (OSHA), Office of Management & Budget (OMB), SENATE, State, Dept of (DOS), U.S. Customs & Border Protection, U.S. International Trade Commission (ITC), U.S. Trade Representative (USTR), White House Office
2020 · third_quarter · Banking
Puerto Rico Recovery; Consumer Rights; Carried Interest; Arbitration/payday loans; Export/Import Bank; PPP Program Oversight; HEALS Act; HEROES Act 2.0 (H.R.925); The Protecting Employees and Retirees in Business Bankruptcies Act (S. 4089/H.R. 7370)
Client expense: $230,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Labor, Dept of (DOL), Natl Highway Traffic Safety Administration (NHTSA), Natl Labor Relations Board (NLRB), Occupational Safety & Health Administration (OSHA), Office of Management & Budget (OMB), SENATE, State, Dept of (DOS), U.S. Customs & Border Protection, U.S. International Trade Commission (ITC), U.S. Trade Representative (USTR), White House Office
2020 · third_quarter · Bankruptcy
1. H.R. 7370, Protecting Employees and Retirees in Business Bankruptcies Act of 2020, entire bill 2. S. 4089, Protecting Employees and Retirees in Business Bankruptcies Act of 2020, entire bill
Client expense: $70,000 · Firm income: Not reported
Government targets: Centers For Medicare and Medicaid Services (CMS), Food & Drug Administration (FDA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Labor, Dept of (DOL), Pension & Welfare Benefits Administration, Pension Benefit Guaranty Corporation (PBGC), SENATE, Social Security Administration (SSA)
2020 · third_quarter · Bankruptcy
S. 4089/H.R. 7370 - Protecting Employees and Retirees in Business Bankruptcies Act of 2020
Client expense: Not reported · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2020 · second_quarter · Bankruptcy
Airline Bankruptcy, Rejection of Collective Bargaining Agreements, Bankruptcy Reform Protecting Employees and Retirees in Business Bankruptcies Act, S. 4089, H.R. 7370.
Client expense: $610,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Federal Aviation Administration (FAA), HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), SENATE, Transportation Security Administration (TSA), Transportation, Dept of (DOT), Treasury, Dept of
2020 · second_quarter · Bankruptcy
S. 4089/H.R. 7370, Protecting Employees and Retirees in Business Bankruptcies Act
Client expense: $367,432 · Firm income: Not reported
Government targets: Agriculture, Dept of (USDA), Federal Aviation Administration (FAA), Federal Motor Carrier Safety Administration, HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), SENATE, Transportation, Dept of (DOT), Treasury, Dept of, U.S. Trade Representative (USTR), White House Office
2020 · second_quarter · Banking
Puerto Rico Recovery; Consumer Rights; Carried Interest; Arbitration/payday loans; Export/Import Bank; CARES Act; Families First Coronavirus Response Act; PPP Program Oversight; HEROES Act; The Protecting Employees and Retirees in Business Bankruptcies Act (S. 4089/H.R. 7370)
Client expense: $500,000 · Firm income: Not reported
Government targets: Commerce, Dept of (DOC), Environmental Protection Agency (EPA), HOUSE OF REPRESENTATIVES, Health & Human Services, Dept of (HHS), Homeland Security, Dept of (DHS), Labor, Dept of (DOL), Natl Highway Traffic Safety Administration (NHTSA), Natl Labor Relations Board (NLRB), Occupational Safety & Health Administration (OSHA), Office of Management & Budget (OMB), SENATE, State, Dept of (DOS), U.S. International Trade Commission (ITC), U.S. Trade Representative (USTR), White House Office
| Democratic |
| ME |
| Daniel T. Kildee | Democratic | MI |
| Danny K. Davis | Democratic | IL |
| David N. Cicilline | Democratic | RI |
| Donald Norcross | Democratic | NJ |
| Eric Swalwell | Democratic | CA |
| Grace F. Napolitano | Democratic | CA |
| Henry C. "Hank" Johnson, Jr. | Democratic | GA |
| Ilhan Omar | Democratic | MN |
| Janice D. Schakowsky | Democratic | IL |
| Jim Cooper | Democratic | TN |
| Joe Neguse | Democratic | CO |
| Joyce Beatty | Democratic | OH |
| Julia Brownley | Democratic | CA |
| Madeleine Dean | Democratic | PA |
| Mark Pocan | Democratic | WI |
| Mary Gay Scanlon | Democratic | PA |
| Mike Levin | Democratic | CA |
| Peter J. Visclosky | Democratic | IN |
| Pramila Jayapal | Democratic | WA |
| Sheila Jackson Lee | Democratic | TX |
| Sylvia R. Garcia | Democratic | TX |
| Ted Lieu | Democratic | CA |
| Val Butler Demings | Democratic | FL |
| Veronica Escobar | Democratic | TX |
Government targets: HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), Pension Benefit Guaranty Corporation (PBGC), SENATE, Treasury, Dept of, White House Office