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HR 1557 116th Congress House

No Bonuses in Bankruptcy Act of 2019

Official title: To amend title 11 of the United States Code to prohibit the payment of bonuses to highly compensated individuals employed by the debtor and insiders of the deb… Show full official titleShow less

Official title: To amend title 11 of the United States Code to prohibit the payment of bonuses to highly compensated individuals employed by the debtor and insiders of the debtor to perform services during the bankruptcy case, and for other purposes.

Introduced: June 15, 2020 See on congress.gov
Finance and Financial Sector BankruptcyCorporate finance and managementWages and earnings
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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 8, 2019
Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.
Mar 6, 2019
Introduced in House
Mar 6, 2019
Referred to the House Committee on the Judiciary.
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 Latest action April 8, 2019

Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.

 Plain-English summary Congressional Research Service

No Bonuses in Bankruptcy Act of 2019

This bill prohibits debtors in bankruptcy proceedings from paying bonuses to certain individuals, including insiders (such as relatives) and highly compensated employees.

 Related & companion bills 1
  • HR 7279 Related bill No Bonuses Ahead of Bankruptcy Filing Act of 2020
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 9
All 9 Democratic 8 Republican 1
D
Larson, John B.
Connecticut · Jul 20, 2020
 D
DeLauro, Rosa L.
Connecticut · Jun 15, 2020
 D
Hayes, Jahana
Connecticut · Jun 15, 2020
 D
Courtney, Joe
Connecticut · Jun 11, 2020
 D
Scanlon, Mary Gay
Pennsylvania · Oct 15, 2019
 D
McBath, Lucy
Georgia · Oct 11, 2019
 D
Raskin, Jamie
Maryland · Oct 11, 2019
 R
Burchett, Tim
Tennessee · Mar 6, 2019
 D
Slotkin, Elissa
Michigan · Mar 6, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1557: No Bonuses in Bankruptcy Act of 2019. 116th Congress. Open America. https://openamerica.io/bill/116-HR-1557/
MLA
"H.R. 1557: No Bonuses in Bankruptcy Act of 2019." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-HR-1557/.
Bluebook (legal)
H.R. 1557, 116th Cong. (2026), https://openamerica.io/bill/116-HR-1557/.
Markdown link
[H.R. 1557: No Bonuses in Bankruptcy Act of 2019](https://openamerica.io/bill/116-HR-1557/)
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