[20060420]RS22427_破产中的高管薪酬：《重组中的公平与责任法案》.pdf

1 Bayh, Conyers Introduce Legislation Ensuring Greater Fairness for Workers in CorporateBankruptcy Proceedings, Press Release (April 6, 2006) at http:/bayh.senate.gov/releases/2006/04/06APR06pr.htm. See also 152 CONG. REC. E545 (daily ed., April 6, 2006) (statement of Rep.Conyers).2 H.Rept. 95-595, 95th Cong., 1st sess. 233 (1977), comprising part of the legislative history of the1978 bankruptcy law. “Moreover, the need for reorganization of a public company today oftenresults from simple business reverses, not from any fraud, dishonesty, or gross mismanagementof the part of the debtors management.”3 11 U.S.C. 1104. Pursuant to amendment by the BAPCPA, the U.S. Trustee shall seekappointment of a trustee if “there are reasonable grounds to suspect that current members of the(continued.)Congressional Research Service The Library of CongressCRS Report for CongressReceived through the CRS WebOrder Code RS22427April 20, 2006Executive Compensation in Bankruptcy: The Fairness and Accountability in Reorganizations ActRobin JewelerLegislative Attorney American Law DivisionSummaryS. 2556 and its companion bill, H.R. 5113, 109th Congress, 2nd Sess. (2006),introduced by Senator Bayh and Repres