,i  #aaeth ,,congress  #b;d ,session    
,h4 ,r4 #fiab  ,,in ,,the ,,house ,,of  
,,representatives  ,september #bf1      
#bjah,mr4 ,duncan of ,tennessee         
introduced the following bill2 which was
 referred to the ,committee on the      
,judiciary  ,a ,,bill  ,to amend title  
#aa of the ,united ,states ,code to     
prohibit the payment of bonuses to      
highly compensated employees and        
insiders of the debtor to perform       
services during the bankruptcy case2 and
 for other purposes4  #a4 ,short title  
,this ,act may be cited as the ,no      
,bonuses in ,bankruptcy ,act of #bjah4  
#b4 ,amendments ,title #aa of the       
,united ,states ,code is amended--  7#a7
 in section #ejc by adding at the end   
the following3  7d7 7#a7                
,notwithstanding any other provision of 
this section1 there shall neither be    
allowed nor paid a bonus to--  7,a7 a   
person employed at an annual rate of    
compensation exceeding #bej1jjj by the  
debtor at any time in the year ending on

 the date of the filing of the petition2
 or  7,b7 an insider of the debtor4     
7#b7 ,for purposes of this subsection1  
the term bonus means a transfer to1 or  
obligation incurred for the benefit of1 
an employee or insider as compensation  
for services in an amount that--  7,a7  
is in addition to the existing          
employee's or insider's wages or salary2
  7,b7 is in addition to existing base  
compensation of the employee or insider2
 or  7,c7 can be construed as a form of 
retention1 incentive1 or reward related 
to the employee's or insider's          
employment by the debtor4  2  7#b7 in   
section #edg7;b77#d77;,b7 by striking   
insider and inserting an employee       
employed at an annual rate of           
compensation exceeding #bej1jjj by the  
debtor at any time in the year ending on
 the date of the filing of the petition 
or an insider of the debtor2 and  7#c7  
in section #edh7;a77#a7-- 7,a7 in the   
matter preceding subparagraph 7,a7 by   
inserting a person employed at an annual

 rate of compensation exceeding #bej1jjj
 by the debtor at any time in the       
#b-year period ending on the date of the
 filing of the petition or after benefit
 of each place it appears2 and  7,b7 in 
subparagraph 7,b77,,iv7 by inserting a  
person employed at an annual rate of    
compensation exceeding #bej1jjj by the  
debtor at any time in the #b-year period
 ending on the date of the filing of the
 petition or after benefit of4  #c4     
,effective date2 application of         
amendment  7a7 ,effective date ,except  
as provided in subsection 7b71 this ,act
 and the amendment made by this ,act    
shall take effect on the date of the    
enactment of this ,act4  7b7            
,application of amendment ,the amendment
 made by this ,act shall apply only with
 respect to cases commenced under title 
#aa of the ,united ,states ,code on or  
after the date of the enactment of this 
,act4