Search Results: keywords:"severance pay"

  • S. 1381 — To amend title 11, United States Code, to improve protections for employees and retirees in business bankruptcies.
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    Status:Introduced in Senate
    Words:9,371

    S. 1381, titled the "Protecting Employees and Retirees in Business Bankruptcies Act of 2025," is designed to amend the United States Bankruptcy Code to safeguard employees and retirees when companies go bankrupt. It aims to improve recovery prospects for employees by...

    Simple Explanation

    The "Protecting Employees and Retirees in Business Bankruptcies Act of 2025" helps workers and retired folks when a company runs out of money by making sure they get paid first and stopping bosses from taking too much money during these tough times.

  • H. R. 10538 — To amend title 11, United States Code, to improve protections for employees and retirees in business bankruptcies.
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    Status:Introduced in House
    Words:9,344

    The bill H. R. 10538 aims to enhance protections for employees and retirees during business bankruptcies. It proposes changes to how employees' wages, benefits, and retirement plans are prioritized in bankruptcy situations, ensuring they receive fair treatment and...

    Simple Explanation

    The bill H.R. 10538 says that when a company goes bankrupt, it should take care of its workers and retirees by making sure they get paid what they're owed before giving money to executives.