WHAT THE LAW DOINCongress, in plain words

H.R. 10942 · 119th Congress

To amend title 11, 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 case, and for other purposes.

Introduced
IntroducedOct 29, 2026
Passed HouseNot yet
Passed SenateNot yet
To PresidentNot yet
Became lawNot yet

Where it stands

Introduced. Latest step, Oct 29, 2026: Referred to the House Committee on the Judiciary.

What it does

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Our plain-language breakdown, with what it means for you and the case for and against, is written once a bill starts to move.

What has happened

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  1. Oct 29, 2026Introduced in HouseLibrary of Congress

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