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07.06.20

IFPTE Endorses Nadler, Durbin Corporate Bankruptcy Reform Legislation

In urging all House members and Senators to cosponsor the Protecting Employees and Retirees in Business Bankruptcies Act of 2020 (H.R. 7370, S. 4089), IFPTE informed lawmakers that current bankruptcy laws, “permit, and even sometimes encourage employers to default on what has been earned by workers and abrogate hard fought worker benefits won at the bargaining table, while at the same time awarding corporate executives with huge bonuses.”

Read the full IFPTE letter below.

RELATED:
6/25/2020 – Durbin, Nadler: Corporations Must Give Workers and Retirees Fair Treatment in Bankruptcy

IFPTE's Letter Endorsing Corporate Bankruptcy Reform Legislation

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