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S 2820 107th Congress Senate

A bill to increase the priority dollar amount for unsecured claims, and for other purposes.

Introduced: September 19, 2002 See on congress.gov
Finance and Financial Sector BankruptcyCivil actions and liabilityCommerceCorporate collapse
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Corporate governanceCorporation directorsDebtor and creditorEmployee benefit plansEmployee pensionsExecutive compensationLabor and EmploymentLawLeave of absencePension fundsSalariesSales personnelSeverance paySick leaveWages
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This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 30, 2002
Read twice and referred to the Committee on the Judiciary. (text of measure as introduced: CR S7581)
Jul 30, 2002
Sponsor introductory remarks on measure. (CR S7581)
Jul 30, 2002
Introduced in Senate
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 Latest action July 30, 2002

Read twice and referred to the Committee on the Judiciary. (text of measure as introduced: CR S7581)

 Plain-English summary Congressional Research Service
Amends Federal bankruptcy law to increase from $4,650 to $13,500 the maximum amount of a claim to recover employee wages and benefits that has priority ranking among unsecured creditor claims.

Authorizes the bankruptcy court to avoid any transfer of compensation paid to an employee, officer, or member of the board of directors of a debtor in the 90 days preceding the bankruptcy petition date if the court finds that the compensation is either out of the ordinary course of business, or that it constitutes unjust enrichment.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Cantwell, Maria
Washington · Sep 19, 2002
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2820: A bill to increase the priority dollar amount for unsecured claims, and for other purposes.. 107th Congress. Open America. https://openamerica.io/bill/107-S-2820/
MLA
"S. 2820: A bill to increase the priority dollar amount for unsecured claims, and for other purposes.." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-S-2820/.
Bluebook (legal)
S. 2820, 107th Cong. (2026), https://openamerica.io/bill/107-S-2820/.
Markdown link
[S. 2820: A bill to increase the priority dollar amount for unsecured claims, and for other purposes.](https://openamerica.io/bill/107-S-2820/)
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