I ask unanimous consent that the text of the bill be printed in the Record. There being no objection, the text of the bill was ordered to be printed in the Record, as follows: S. 4089 Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE; TABLE OF CONTENTS. (a) Short Title.--This Act may be cited as the ``Protecting Employees and Retirees in Business Bankruptcies Act of 2020''. (b) Table of Contents.--The table of contents of this Act is as follows: Sec. 1. Short title; table of contents. Sec. 2. Findings. TITLE I--IMPROVING RECOVERIES FOR EMPLOYEES AND RETIREES Sec. 101. Increased wage priority. Sec. 102. Claim for stock value losses in defined contribution plans. Sec. 103. Priority for severance pay and contributions to employee benefit plans. Sec. 104. Financial returns for employees and retirees. Sec. 105. Priority for WARN Act damages. TITLE II--REDUCING EMPLOYEES' AND RETIREES' LOSSES Sec. 201. Rejection of collective bargaining agreements. Sec. 202. Payment of insurance benefits to retired employees. Sec. 203. Protection of employee benefits in a sale of assets. Sec. 204. Claim for pension losses. Sec. 205. Payments by secured lender. Sec. 206. Preservation of jobs and benefits. Sec. 207. Termination of exclusivity. Sec. 208. Claim for withdrawal liability. TITLE III--RESTRICTING EXECUTIVE COMPENSATION PROGRAMS Sec. 301. Executive compensation upon exit from bankruptcy.…
Share
More from Dick Durbin
Courtrooms handling upwards of 150 respondents in a judge’s morning docket raise serious concerns about whether individuals are receiving a meaningful opportunity to be heard.
Yesterday’s Supreme Court order is a temporary procedural win for President Trump as he attempts to pursue these lawless goals—but it doesn’t change the reality that the Constitution empowers states to run our elections, and the rule of…
Simply put, no president has the authority to unilaterally demolish and remodel the country’s White House in such a significant manner without congressional approval.
The lawmakers also emphasized that the Trump Administration’s definition of medical frailty far exceeds what is outlined in the law itself and creates additional onerous barriers for both patients and states.





