PRINTER'S NO. 2981
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No.
2102
Session of
2019
INTRODUCED BY ZABEL, MILLARD, MURT, DONATUCCI, McNEILL, FREEMAN,
SCHLOSSBERG, DELLOSO, CALTAGIRONE, OTTEN, YOUNGBLOOD,
ISAACSON, INNAMORATO, ZIMMERMAN AND ROEBUCK, DECEMBER 2, 2019
REFERRED TO COMMITTEE ON FINANCE, DECEMBER 2, 2019
AN ACT
Prohibiting the payment of bonuses by debtors who receive a
public benefit.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Short title.
This act shall be known and may be cited as the No Bonuses in
Bankruptcy Act.
Section 2. Definitions.
The following words and phrases when used in this act shall
have the meanings given to them in this section unless the
context clearly indicates otherwise:
"Banking institution." An institution as defined in section
102(r) of the act of November 30, 1965 (P.L.847, No.356), known
as the Banking Code of 1965.
"Bonus." The term means:
(1) A transfer by a debtor to, or obligation incurred
for the benefit of, an insider or an employee, consultant or
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17