3.0.0 832 2023-01-15T23:33:12Z 2023-01-15T23:33:12Z Senate S S 2003-04-09 108 ssju00 Judiciary Committee Senate Standing Referred to 2003-04-09T18:04:45Z 2003-04-09 ssju00 Judiciary Committee Senate Read twice and referred to the Committee on the Judiciary. IntroReferral 2003-04-09 Sponsor introductory remarks on measure. (CR S5068-5069) IntroReferral B00100 9 Library of Congress 2003-04-09 Introduced in Senate IntroReferral 10000 9 Library of Congress G000386 Sen. Grassley, Chuck [R-IA] Charles Grassley R IA E. N L000174 Sen. Leahy, Patrick J. [D-VT] Patrick Leahy D VT 2003-04-10 False Finance and Financial Sector Accounting Bankruptcy Commerce Corporate corruption Corporate finance Corporation directors Crime and Law Enforcement Debtor and creditor Executive compensation Fraud Fringe benefits Government Operations and Politics Labor and Employment Law Limitation of actions Loans Securities regulation State laws Trusts and trustees Finance and Financial Sector 00 2003-04-09 Introduced in Senate 2003-08-28T19:49:48Z 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.

]]> Corporate Accountability in Bankruptcy Act Display Title Corporate Accountability in Bankruptcy Act Official Title as Introduced 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 in Senate IS Short Titles as Introduced Corporate Accountability in Bankruptcy Act Introduced in Senate 2003-04-09T04:00:00Z 2003-04-09 Read twice and referred to the Committee on the Judiciary. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.