legislation: 107-s-3028

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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-s-3028 107 s 3028 Employee Pension Bankruptcy Protection Act of 2002 Labor and Employment 2002-10-02 2002-10-02 Read twice and referred to the Committee on the Judiciary. Senate Sen. Sessions, Jeff [R-AL] AL R S001141 2 Employee Pension Bankruptcy Protection Act of 2002 - Amends the Federal bankruptcy code to allow representatives of employees and retirees to appear and be heard before the bankruptcy court to protect the benefits to which they are entitled as participants or beneficiaries under a pension plan. Permits this in cases where the debtor is the sponsor of an employee pension benefit plan under certain provisions of the Employee Retirement Income Security Act of 1974 (ERISA), and such plan is likely to be terminated under title IV of ERISA or substantially underfunded by the debtor, resulting in a hardship to the participants or beneficiaries.Allows the representative to be heard with respect to a sale of all or substantially all of the assets of the debtor or with respect to a plan of reorganization. Permits such participants and beneficiaries to employ counsel and other professionals who shall be compensated from the debtor's estate. 2025-08-19T17:29:49Z https://www.congress.gov/bill/107th-congress/senate-bill/3028

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