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HR 428 117th Congress House

No Bonuses Ahead of Bankruptcy Filing Act of 2021

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: January 21, 2021 Introduced by: Steube, W. Gregory Republican · Florida See on congress.gov
Finance and Financial Sector BankruptcyCorporate finance and managementWages and earnings
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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
Mar 5, 2021
Referred to the Subcommittee on Antitrust, Commercial, and Administrative Law.
Jan 21, 2021
Referred to the House Committee on the Judiciary.
Jan 21, 2021
Introduced in House
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 Latest action March 5, 2021

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

 Plain-English summary Congressional Research Service

No Bonuses Ahead of Bankruptcy Filing Act of 2021

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

 Related & companion bills 1
  • HR 5554 Related bill No Bonuses in Bankruptcy Act of 2021
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
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APA
U.S. Congress. (2026). H.R. 428: No Bonuses Ahead of Bankruptcy Filing Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-HR-428/
MLA
"H.R. 428: No Bonuses Ahead of Bankruptcy Filing Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-428/.
Bluebook (legal)
H.R. 428, 117th Cong. (2026), https://openamerica.io/bill/117-HR-428/.
Markdown link
[H.R. 428: No Bonuses Ahead of Bankruptcy Filing Act of 2021](https://openamerica.io/bill/117-HR-428/)
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