New Legislation Introduced in U.S. Congress Aims at Stronger Worker Benefits
Thursday, March 4th, 2010 at
9:56 am
According to a recent press release, Senator Dick Durbin (D-IL) and Representative John Conyers (D-MI) have introduced legislation that would create a fairer environment for employees in wage and benefits disputes.
Named the Protecting Employees and Retirees in Business Bankruptcies Act (S. 3033, H.R. 4677), the legislation would “ensure that back pay awarded through [the Worker Adjustment and Retraining Notification (WARN) Act] damages would be given priority in the bankruptcy claims process.”
The Act would also limit bonuses that could be distributed when a company becomes bankrupt.
Filed under: Federal News
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