Sec. 3. Administrative expenses and priorities in bankruptcy proceedings
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Section 503(b) of title 11, United States Code, is amended— in paragraph (8)(B), by striking and ; in paragraph (9), by striking the period at the end and inserting a semicolon; and by adding at the end the following: unpaid minimum required contributions, as defined in section 302(c)(4)(C)(iii)(I) of the Employee Retirement Income Security Act of 1974 ( 29 U.S.C. 1082(c)(4)(C)(iii)(I) ) and section 4971(c)(4) of the Internal Revenue Code of 1986; 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.), including any accelerated payment of such withdrawal liability under section 4219(c)(5) of the Employee Retirement Income Security Act of 1974 ( 29 U.S.C. 1399(c)(5) ). .
Section 507(a)(5) of title 11, United States Code, is amended, in the matter preceding subparagraph (A), by inserting after contributions to an employee benefit plan the following: , other than for unpaid minimum required contributions, as defined in section 302(c)(4)(C)(iii)(I) of the Employee Retirement Income Security Act of 1974 ( . 29 U.S.C. 1082(c)(4)(C)(iii)(I) ) and section 4971(c)(4) of the Internal Revenue Code of 1986 Section 507(a) of title 11, United States Code, is amended— in paragraph (4)— by striking $10,000 and inserting $20,000 ; by striking within 180 days ; and by striking or the date of the cessation of the debtor’s business, whichever occurs first, ; and in paragraph (5)— in subparagraph (A)— by striking within 180 days ; and by striking or the date of the cessation of the debtor’s business, whichever occurs first ; and by striking subparagraph
(B)and inserting the following: for each such plan, to the extent of the number of employees covered by each such plan, multiplied by $20,000. .
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Sec. 3
Administrative expenses and priorities in bankruptcy proceedings
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