Browse By:


Monday October 20, 2014 Login |Register


A Project of

sponsored by

Executive Compensation in Bankruptcy: The Fairness and Accountability in Reorganizations Act

Bookmark and Share Report Misuse or Glitches

Publication Date: April 2006

Publisher(s): Library of Congress. Congressional Research Service

Series: RS22427

Topic: Business (Business finance)

Abstract:

S. 2556 and its companion bill, H.R. 5113, 109th Congress, 2nd Sess. (2006), introduced by Senator Bayh and Representative Conyers, respectively, are entitled the Fairness and Accountability in Reorganizations Act of 2006. The legislation, according to its sponsors, is intended to "ensure that workers are treated more fairly during [bankruptcy] reorganizations by limiting executive compensation deals and requiring corporations to provide a more accurate picture of their holdings before attempting to modify collective bargaining agreements or promised health benefits." This report surveys the bill's provisions.