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S 832 108th Congress Senate

Corporate Accountability in Bankruptcy Act

Official title: A bill to provide that bonuses and other extraordinary or excessive compensation of corporate insiders and wrongdoers may be included in the bankruptcy estate.

Introduced: April 9, 2003 Introduced by: Grassley, Chuck Republican · Iowa See on congress.gov
Finance and Financial Sector AccountingBankruptcyCommerceCorporate corruption
More subjectsShow fewer subjects
Corporate financeCorporation directorsCrime and Law EnforcementDebtor and creditorExecutive compensationFraudFringe benefitsGovernment Operations and PoliticsLabor and EmploymentLawLimitation of actionsLoansSecurities regulationState lawsTrusts and trustees
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This bill died when the 108th Congress ended
It never became law before the 108th Congress (2003–2004) 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
Apr 9, 2003
Read twice and referred to the Committee on the Judiciary.
Apr 9, 2003
Sponsor introductory remarks on measure. (CR S5068-5069)
Apr 9, 2003
Introduced in Senate
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 Latest action April 9, 2003

Read twice and referred to the Committee on the Judiciary.

 Plain-English summary Congressional Research Service

Corporate Accountability in Bankruptcy Act - Amends Federal bankruptcy law to permit a bankruptcy trustee to avoid any transfer made within one year before the date of the filing of the bankruptcy petition to an insider, officer, or director for bonuses, loans, nonqualified deferred compensation, or other extraordinary or excessive compensation.

Permits the bankruptcy trustee to avoid any transfer of specified assets made or obligation incurred on or within four years before the filing of the petition for relief, or that involves: (1) a violation of securities laws; or (2) fraud, deceit, or manipulation in either a fiduciary capacity, or in connection with the purchase or sale of registered securities.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 832: Corporate Accountability in Bankruptcy Act. 108th Congress. Open America. https://openamerica.io/bill/108-S-832/
MLA
"S. 832: Corporate Accountability in Bankruptcy Act." 108th Congress, 2026, Open America, https://openamerica.io/bill/108-S-832/.
Bluebook (legal)
S. 832, 108th Cong. (2026), https://openamerica.io/bill/108-S-832/.
Markdown link
[S. 832: Corporate Accountability in Bankruptcy Act](https://openamerica.io/bill/108-S-832/)
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