[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[S. 1486 Introduced in Senate (IS)]

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116th CONGRESS
  1st Session
                                S. 1486

 To amend title 11, United States Code, to include certain pensions as 
     administrative expenses in bankruptcy, and for other purposes.


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                   IN THE SENATE OF THE UNITED STATES

                              May 15, 2019

  Mr. Manchin introduced the following bill; which was read twice and 
  referred to the Committee on Health, Education, Labor, and Pensions

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                                 A BILL


 
 To amend title 11, United States Code, to include certain pensions as 
     administrative expenses in bankruptcy, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Prioritizing Our Workers Act''.

SEC. 2. ALLOWANCE OF ADMINISTRATIVE EXPENSES.

    (a) In General.--Section 503(b) of title 11, United States Code, is 
amended--
            (1) in paragraph (8)(B), by striking ``and'' at the end;
            (2) in paragraph (9), by striking the period at the end and 
        inserting a semicolon; and
            (3) by inserting after paragraph (9) the following:
            ``(10) notwithstanding section 507(a)(5), all unfunded 
        vested benefits in a defined benefit pension plan; and
            ``(11) withdrawal liability determined under part 1 of 
        subtitle E of title IV of the Employee Retirement Income 
        Security Act of 1974 (29 U.S.C. 1381 et seq.).''.
    (b) Conforming Amendment.--Section 507(a)(5) is amended by 
inserting ``except as provided in section 503(b)(10),'' after 
``Fifth,''.
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