119th Congress · House bill · Last action Oct 29, 2026
H.R. 10942In Committee
To amend title 11, United States Code, to prohibit the payment of bonuses to highly compensated individuals employed by the debtor and insiders of the debtor to perform services during the bankruptcy case, and for other purposes.
Sponsor: Rep. Scanlon, Mary Gay (D-PA)Introduced Oct 29, 2026
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In plain English
Rep. Mary Gay Scanlon (D-PA) introduced this bill to prohibit bankruptcy debtors from paying bonuses to highly compensated employees and company insiders during bankruptcy proceedings. The bill amends federal bankruptcy law to restrict these payments, which would otherwise be available under current rules that allow certain compensation to retain key personnel through the bankruptcy process.
Generated by ThePolitibase from the bill text and CRS summary. Read the official text →
Where it is in the process
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Introduced
Oct 29
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House committee
Oct 29
3
House floor
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4
Senate
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5
Signed
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What happens next: Sits in committee. Needs a markup or favorable report to advance to the House floor.
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Activity timeline
Oct 29
1d ago
1d ago
Referred to the House Committee on the Judiciary.
Oct 29
1d ago
1d ago
Introduced in House
Oct 29
1d ago
1d ago
Introduced in House
Read the bill text
Official text via Congress.gov. Opens in a new tab.
Full action log
All 3 recorded actions since introduction · Source: Congress.gov
Oct 29
HOUSEReferred to the House Committee on the Judiciary.
Oct 29
Introduced in House
Oct 29
Introduced in House
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