Code · BILL · 116th Congress · S. 1486 (Introduced in Senate) — To amend title 11, United States Code, to include certain pensions as administrative expenses in bankruptcy, and for... · Sec. 2

Sec. 2. Allowance of administrative expenses

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Section 503(b) of title 11, United States Code, is amended— in paragraph (8)(B), by striking and at the end; in paragraph (9), by striking the period at the end and inserting a semicolon; and by inserting after paragraph

(9)the following: notwithstanding section 507(a)(5), all unfunded vested benefits in a defined benefit pension plan; and 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.). . Section 507(a)(5) is amended by inserting except as provided in section 503(b)(10), after Fifth, .

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U.S. Code

Withdrawal liability established; criteria and definitions
§ 1381

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Sec. 2

Allowance of administrative expenses

U.S.C.§ 1381

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