legislation: 107-hr-5525

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
107-hr-5525 107 hr 5525 Corporate Bankruptcy Abuse Prevention and Employee Protection Act of 2002 Finance and Financial Sector 2002-10-02 2002-11-12 Referred to the Subcommittee on Commercial and Administrative Law. House Rep. Gekas, George W. [R-PA-17] PA R G000121 0 Corporate Bankruptcy Abuse Prevention and Employee Protection Act of 2002 - Amends Federal bankruptcy law to: (1) extend from 90 to 180 days before the bankruptcy petition the earning period in which certain employee wages and benefits enjoy third rank priority among unsecured claims and benefits; (2) increase to $10,000 each the amount of employee wages and contributions to employee benefit plans that have priority as unsecured claims and benefit; (3) extend from one to two years before the filing for bankruptcy the threshold date of any transfer of property interest of the debtor or any obligation incurred by the debtor which may be avoided by the bankruptcy trustee as a fraudulent transfer or obligation (including any transfer to or for the benefit of an insider under an employment contract and not in the ordinary course of business); and (4) provide for court-ordered reinstatement of insurance benefits for retired employees that had been modified by an insolvent debtor during the 180-day period ending on the date of the filing for bankruptcy. 2025-08-19T17:29:57Z https://www.congress.gov/bill/107th-congress/house-bill/5525

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