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Code · BILL · 115th Congress · H.R. 2384 (Introduced in House) — To amend the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code of 1986 to modify certain... · Sec. 5

Sec. 5. Priorities of claims in bankruptcy

713 words·~3 min read·/bill/115/hr/2384/ih/section-5

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Section 507(a) of title 11, United States Code, is amended— by redesignating paragraphs
(1)through 10 as paragraphs
(2)through (11), respectively; by inserting before paragraph
(2)(as redesignated) the following: First, 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.). ; in the matter preceding subparagraph
(A)of paragraph
(2)(as redesignated), by striking First: and inserting Second: ; in paragraph
(3)(as redesignated), by striking Second, and inserting Third, ; in paragraph
(4)(as redesignated), by striking Third, and inserting Fourth, ; in the matter preceding subparagraph
(A)of paragraph
(5)(as redesignated), by striking Fourth, and inserting Fifth, ; in the matter preceding subparagraph
(A)of paragraph
(6)(as redesignated), by striking Fifth, and inserting Sixth, ; in the matter preceding subparagraph
(A)of paragraph
(7)(as redesignated), by striking Sixth, and inserting Seventh, ; in paragraph
(8)(as redesignated), by striking Seventh, and inserting Eighth, ; in the matter preceding subparagraph
(A)of paragraph
(9)(as redesignated), by striking Eighth, and inserting Ninth, ; in paragraph
(10)(as redesignated), by striking Ninth, and inserting Tenth, ; and in paragraph
(11)(as redesignated), by striking Tenth, and inserting Eleventh, . Section 502(i) of title 11, United States Code, is amended by striking section 507(a)(8) and inserting section 507(a)(9) . Section 503(b)(1)(B)(i) of title 11, United States Code, is amended by striking section 507(a)(8) and inserting section 507(a)(9) . Section 507(d) of title 11, United States Code, is amended by striking (a)(1), (a)(4), (a)(5), (a)(6), (a)(7), (a)(8), or (a)(9) and inserting (a)(2), (a)(5), (a)(6), (a)(7), (a)(8), (a)(9), or (a)(10) . Section 523(A) of title 11, United States Code, is amended by striking section 507(a)(3) or 507(a)(8) and inserting section 507(a)(4) or 507(a)(9) . Section 724 of title 11, United States Code, is amended— in subsection (b)(2), by striking section 507(a)(1)(C) or 507(a)(2) and inserting section 507(a)(2)(C) or 507(a)(3) ; and in subsection (f)— in paragraph (1), by striking section 507(a)(4) and inserting section 507(a)(5) ; and in paragraph (2), by striking section 507(a)(5) and inserting section 507(a)(6) . Section 726(b) of title 11, United States Code, is amended by striking paragraph (1), (2), (3), (4), (5), (6), (7), (8), (9), or
(10)of section 507(a) and inserting paragraph (2), (3), (4), (5), (6), (7), (8), (9), (10), or
(11)of section 507(a) . Section 752(a) of title 11, United States Code, is amended by striking section 507(a)(2) and inserting section 507(a)(3) . Section 766 of title 11, United States Code, is amended— in subsection (h), by striking section 507(a)(2) and inserting section 507(a)(3) ; and in subsection (i)— in paragraph (1), by striking section 507(a)(2) and inserting section 507(a)(3) ; and in paragraph (2), by striking section 507(a)(2) and inserting section 507(a)(3) . Section 901 of title 11, United States Code, is amended by striking 507(a)(2) and inserting 507(a)(3) . Section 943(b)(5) of title 11, United States Code, is amended by striking section 507(a)(2) and inserting section 507(a)(3) . Section 1123(a)(1) of title 11, United States Code, is amended by striking section 507(a)(2), 507(a)(3), or 507(a)(8) and inserting section 507(a)(3), 507(a)(4), or 507(a)(9) . Section 1129(a)(9) of title 11, United States Code, is amended— in subparagraph (A), by striking section 507(a)(3) or 507(a)(4) and inserting section 507(a)(4) or 507(a)(5) ; in the matter preceding clause
(i)of subparagraph (B), by striking section 507(a)(1), 507(a)(4), 507(a)(5), 507(a)(6), or 507(a)(7) and inserting section 507(a)(2), 507(a)(5), 507(a)(6), 507(a)(7), or 507(a)(8) ; in the matter preceding clause
(i)of subparagraph (C), by striking section 507(a)(8) and inserting section 507(a)(9) ; and in subparagraph (D), by striking section 507(a)(8) and inserting section 507(a)(9) . Section 1222(a)(4) of title 11, United States Code, is amended by striking section 507(a)(1)(B) and inserting 507(a)(2)(B) . Section 1226(b)(1) of title 11, United States Code, is amended by striking section 507(a)(2) and inserting section 507(a)(3) . Section 1322(a)(4) of title 11, United States Code, is amended by striking section 507(a)(1)(B) and inserting section 507(a)(2)(B) . Section 1326(b)(1) of title 11, United States Code, is amended by striking section 507(a)(2) and inserting section 507(a)(3) . Section 1328(a)(2) of title 11, United States Code, is amended by striking section 507(a)(8)(C) and inserting section 507(a)(9)(C) .
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Sec. 5
Priorities of claims in bankruptcy
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