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S 3028 107th Congress Senate Labor and Employment Bankruptcy Corporate collapse Debtor and creditor Defined benefit pension plans Defined contribution plans Employee pensions Finance and Financial Sector

Employee Pension Bankruptcy Protection Act of 2002

Introduced: October 2, 2002 See on congress.gov
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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
Oct 2, 2002
Read twice and referred to the Committee on the Judiciary.
Oct 2, 2002
Sponsor introductory remarks on measure. (CR S9847-9848)
Oct 2, 2002
Introduced in Senate
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 Plain-English summary Congressional Research Service
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.

What's happening now October 2, 2002

Read twice and referred to the Committee on the Judiciary.

 Related & companion bills 1
  • S 3139 Identical bill Employee Pension Bankruptcy Protection Act of 2002
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Grassley, Chuck
Iowa · Oct 2, 2002
Cite this page click to expand
APA
U.S. Congress. (2026). S. 3028: Employee Pension Bankruptcy Protection Act of 2002. 107th Congress. Open America. https://openamerica.io/bill/107-S-3028/
MLA
"S. 3028: Employee Pension Bankruptcy Protection Act of 2002." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-S-3028/.
Bluebook (legal)
S. 3028, 107th Cong. (2026), https://openamerica.io/bill/107-S-3028/.
Markdown link
[S. 3028: Employee Pension Bankruptcy Protection Act of 2002](https://openamerica.io/bill/107-S-3028/)
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