Illinois General Assembly - Bill Status for HB7333
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 Bill Status of HB7333  93rd General Assembly


Short Description:  BENEFIT PROTECTION ACT

House Sponsors
Rep. John E. Bradley - Dan Reitz - Brandon W. Phelps - Mike Bost

Last Action
DateChamber Action
  1/11/2005HouseSession Sine Die

Statutes Amended In Order of Appearance
New Act


Synopsis As Introduced
Creates the Employee and Retiree Benefit Protection Act. Provides that unsecured claims for contributions to employee and retiree benefit plans, including health and pension benefits, arising from all past, present, and future obligations of an employer to fully funds those plans, have a higher priority in bankruptcy proceedings than the priorities set forth in the federal Bankruptcy Code. Provides that employee and retiree health and pension benefits provided to an employee or retiree shall be continued to be provided to the employee or retiree in the same manner and with the same benefits that would otherwise have been provided to that employee or retiree if the employer has not been subject to bankruptcy proceedings. Effective immediately.

Actions 
DateChamber Action
  9/30/2004HouseFiled with the Clerk by Rep. John E. Bradley
  10/1/2004HouseFirst Reading
  10/1/2004HouseReferred to Rules Committee
  10/1/2004HouseAdded Chief Co-Sponsor Rep. Dan Reitz
  10/1/2004HouseAdded Chief Co-Sponsor Rep. Brandon W. Phelps
  10/1/2004HouseAdded Chief Co-Sponsor Rep. Mike Bost
  1/11/2005HouseSession Sine Die

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