,i  #aafth ,,congress  #b;d ,session    
,h4 ,r4 #gbgi  ,,in ,,the ,,house ,,of  
,,representatives  ,june #ah1 #bjbj,mr4 
,steube 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 individuals employed 
by the debtor and insiders of the debtor
 to perform services during the         
bankruptcy case1 and for other purposes4
  #a4 ,short title ,this ,act may be    
cited as the ,no ,bonuses ,ahead of     
,bankruptcy ,filing ,act of #bjbj4  #b4 
,amendment ,section #ejc of title #aa of
 the ,united ,states ,code is amended by
 adding at the end the following3  7d7  
7#a7 ,during the #b-year period ending  
#a year after the date of the filing of 
the petition and notwithstanding any    
other provision of this section1 there  
shall neither be allowed nor paid a     
bonus to-- 7,a7 an individual employed  
by the debtor at an annual rate of      

compensation exceeding #bej1jjj2  7,b7  
an insider of the debtor2 or  7,c7 an   
individual employed by the debtor to the
 extent that such bonus would cause that
 individual's annual rate of            
compensation to exceed #bej1jjj4  7#b7  
,for purposes of this subsection1 the   
term bonus means a transfer to1 or      
obligation incurred for the benefit of1 
an individual employed by the debtor or 
insider of the debtor as compensation   
for services in an amount that-- 7,a7 is
 in addition to the existing wages1     
salary1 or base compensation of an      
insider of the debtor or individual     
employed by the debtor2 and  7,b7 can be
 construed as a form of retention1      
incentive1 or reward related to the     
services provided to the debtor by the  
insider or the individual employed by   
the debtor4  ,the term bonus does not   
include a sales commission4 ,nor does   
the term bonus include any transfer or  
obligation pursuant to the terms of a   
collective bargaining agreement4  7#c7  

,the term an individual employed by the 
debtor includes1 but is not limited to1 
an employee1 consultant1 or contractor4 
4  #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