Code · BILL · 116th Congress · S. 4089 (Introduced in Senate) — To amend title 11, United States Code, to improve protections for employees and retirees in business bankruptcies. · Sec. 402

Sec. 402. Exception from automatic stay

95 words·~1 min read·/bill/116/s/4089/is/section-402

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Section 362(b) of title 11, United States Code, is amended— in paragraph (27), by striking and at the end; in paragraph (28), by striking the period at the end and inserting ; and ; and by inserting after paragraph

(28)the following: of the commencement or continuation of a grievance, arbitration, or similar dispute resolution proceeding established by a collective bargaining agreement that was or could have been commenced against the debtor before the filing of a case under this title, or the payment or enforcement of an award or settlement under such proceeding. .