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Bankruptcy Administration Improvement Act of 2020 This bill modifies administrative provisions related to the bankruptcy trustee system. Specifically, the bill (1) provides for the distribution of bankruptcy fees made to the U.S. Trustee System Fund for the costs of administering payments and trustee compensation, (2) establishes the Chapter 7 Trustee Fund and associated fees, and (3) extends the temporary office of bankruptcy judges in specified judicial districts.

Bankruptcy Administration Improvement Act of 2020 This bill modifies administrative provisions related to the bankruptcy trustee system. Specifically, the bill (1) provides for the distribution of bankruptcy fees made to the U.S. Trustee System Fund for the costs of administering payments and trustee compensation, (2) establishes the Chapter 7 Trustee Fund and associated fees, and (3) extends the temporary office of bankruptcy judges in specified judicial districts.

Consumer Bankruptcy Reform Act of 2020 This bill generally revises consumer bankruptcy law by establishing a new Chapter 10 for individual debtors with not more than $7.5 million in debt. The bill eliminates the ability of individual debtors to file for bankruptcy under Chapter 7 liquidation bankruptcy and repeals Chapter 13, which requires individual debtors to comply with a repayment plan to receive a discharge of debt. Under Chapter 10, debtors may receive a discharge of debt through making minimum payment obligations based on the debtor's assets and income which may result in immediate discharge for individuals with no minimum payment obligation. The bill also provides for residential protections for debtors and revises what type of debt is dischargeable in bankruptcy. An individual may obtain a discharge under Chapter 10 once every six years. Individuals may seek limited bankruptcy proceedings on certain debts, such as a home mortgage. The bill also establishes consumer bankruptcy protections, including by creating a Consumer Bankruptcy Ombuds at the Consumer Financial Protection Bureau.

Bankruptcy Venue Reform Act of 2020 This bill limits where a non-individual debtor (e.g., a corporate debtor) may file for bankruptcy. Specifically, these debtors must file in the district court for the district in which the principal place of business or principal assets of the debtor are located. Such a debtor may also file in a district where there is a pending bankruptcy case concerning an affiliate that has a certain level of control or ownership of the debtor (e.g., if the affiliate is a controlling shareholder of the debtor), if that pending case is in a proper venue under this bill. Under current law, these debtors may also file where they are domiciled (i.e., incorporated) or where there is a bankruptcy case pending concerning an affiliate, general partner, or partnership. For certain debtors who are issuers of securities, their principal place of business is defined in the bill as the address of the entity's principal executive office as provided in specified Securities and Exchange Commission filings.

Student Borrower Bankruptcy Relief Act of 2019 This bill permits a borrower to discharge in bankruptcy a nonprofit, government, or private student loan, or an obligation to repay an educational benefit, scholarship, or stipend.

Student Borrower Bankruptcy Relief Act of 2019 This bill permits a borrower to discharge in bankruptcy a nonprofit, government, or private student loan, or an obligation to repay an educational benefit, scholarship, or stipend.

Protecting Gun Owners in Bankruptcy Act of 2019 This bill modifies federal bankruptcy law to allow an individual debtor to exempt from their bankruptcy estate one or more firearms up to a total maximum value of $3,000. The bill also specifies that such firearms are household goods that are not subject to liens in bankruptcy.

Protecting Homeowners in Bankruptcy Act of 2020 This bill increases the homestead exemption an individual debtor can claim in a bankruptcy to $100,000.

No Bonuses in Bankruptcy Act of 2019 This bill prohibits debtors in bankruptcy proceedings from paying bonuses to certain individuals, including insiders (such as relatives) and highly compensated employees.

No Bonuses Ahead of Bankruptcy Filing Act of 2020 This bill prohibits debtors in bankruptcy proceedings from paying bonuses to certain individuals for two years, including insiders (such as relatives) and highly compensated employees.

Private Student Loan Bankruptcy Fairness Act of 2019 This bill modifies the treatment of certain student loans in bankruptcy. Specifically it allows private education loans to be discharged in bankruptcy regardless of whether a debtor demonstrates undue hardship. Under current law, student loans may be discharged in bankruptcy only if the loans impose an undue hardship on the debtor.

Ending Bankruptcy Discrimination Act of 2020 This bill prohibits a private employer from denying employment to an individual on the basis that the individual has filed for bankruptcy, has been insolvent during a specified period of time, or has not paid certain dischargeable debt.

Bankruptcy Venue Reform Act of 2019 This bill limits where a non-individual debtor (e.g., a corporate debtor) may file for chapter 11 bankruptcy. Specifically, these debtors must file in the district court for the district in which the principal place of business or principal assets of the debtor are located. Under current law, these debtors may also file where they are domiciled (i.e., incorporated) or where there is a chapter 11 case pending concerning an affiliate, general partner, or partnership. For certain debtors who are issuers of securities, their principal place of business is defined in the bill as the address of the entity's principal executive office as provided in specified Securities and Exchange Commission filings.

Discharge Student Loans in Bankruptcy Act of2019 This bill permits a borrower to discharge in bankruptcy a nonprofit, government, or private student loan, or an obligation to repay an educational benefit, scholarship, or stipend.

Preventing Termination of Utility Services in Bankruptcy Act of 2019 This bill specifies that an individual bankruptcy debtor may not be required to furnish a security deposit to maintain utility services if the debtor pays specified debts owed to the utility within a certain time frame.

Medical Bankruptcy Fairness Act of 2020 This bill amends federal bankruptcy law to allow a medically distressed debtor to exempt, from the property of the estate in bankruptcy, up to $250,000 of the debtor's aggregate interest in (1) specified real or personal property that the debtor or debtor's dependent uses as a residence, (2) a cooperative that owns such property, or (3) a burial plot for the debtor or debtor's dependent. With respect to a medically distressed debtor, the bill waives certain administrative and procedural requirements. In addition, the bill allows a medically distressed debtor to discharge in bankruptcy debts for certain educational loans. A debtor who seeks relief as a medically distressed debtor must attest in writing, under penalty of perjury, that the debtor's medical expenses are genuine and were not specifically incurred to bring the debtor within the meaning of a medically distressed debtor under this bill.

This bill temporarily revises bankruptcy provisions related to a lease of nonresidential real property. Specifically, if a Chapter 11 small business reorganization bankruptcy debtor is experiencing material financial hardship due to the COVID-19 (i.e., coronavirus disease 2019) pandemic, a court may extend the time the debtor may pay rent on a nonresidential real property from 60 days to 120 days. Additionally, businesses impacted by the COVID-19 pandemic have an additional 90 days to determine whether to keep or end a nonresidential lease agreement. The bill also prohibits a bankruptcy trustee from voiding transfers of the debtor's interest due to the payment of certain rental and supplier arrearages. These provisions have a two-year sunset.

Protecting Employees and Retirees in Business Bankruptcies Act of 2020 This bill modifies provisions related to Chapter 11 bankruptcy, which typically involves the reorganization of a debtor company's assets and debts. Specifically, the bill (1) expands available claims and priorities for employees and retirees, and (2) places additional restrictions on the compensation of executives and other high level employees. With respect to employee and retiree recoveries and losses, the bill * increases the maximum value and age of specified wage and benefit claims entitled to priority payment; * allows certain claims for losses related to defined contribution plans, if the employer or plan sponsor has committed fraud or otherwise breached its fiduciary duty; * allows, as an administrative expense of the estate, severance pay owed to employees and contributions to an employee benefit plan; * establishes certain restrictions regarding the rejection or amendment of a collective bargaining agreement; * revises specified procedures related to the reduction or denial of retiree benefits; * requires a court, in approving a sale of business assets, to consider the extent to which a bidder has offered to maintain existing jobs and assume benefit obligations; and * allows claims related to pension losses. With respect to executive compensation, the bill * establishes specified limitations related to executive compensation enhancements, * prohibits executives from receiving certain retiree benefits if such benefits were reduced or eliminated for other employees or retirees, and * revises other requirements related to court approval of such compensation.

Protecting Employees and Retirees in Business Bankruptcies Act of 2020 This bill modifies provisions related to Chapter 11 bankruptcy, which typically involves the reorganization of a debtor company's assets and debts. Specifically, the bill (1) expands available claims and priorities for employees and retirees, and (2) places additional restrictions on the compensation of executives and other high level employees. With respect to employee and retiree recoveries and losses, the bill * increases the maximum value and age of specified wage and benefit claims entitled to priority payment; * allows certain claims for losses related to defined contribution plans, if the employer or plan sponsor has committed fraud or otherwise breached its fiduciary duty; * allows, as an administrative expense of the estate, severance pay owed to employees and contributions to an employee benefit plan; * establishes certain restrictions regarding the rejection or amendment of a collective bargaining agreement; * revises specified procedures related to the reduction or denial of retiree benefits; * requires a court, in approving a sale of business assets, to consider the extent to which a bidder has offered to maintain existing jobs and assume benefit obligations; and * allows claims related to pension losses. With respect to executive compensation, the bill * establishes specified limitations related to executive compensation enhancements, * prohibits executives from receiving certain retiree benefits if such benefits were reduced or eliminated for other employees or retirees, and * revises other requirements related to court approval of such compensation.

This bill amends the Internal Revenue Code to permit penalty-free distributions from a tax-preferred pension plan in chapter 11 bankruptcy proceedings on behalf of employees who, at the time of  filing of the chapter 11 petition, are not regularly scheduled to work for the number of hours they are customarily scheduled to work or are not paid on or before the time they are customarily paid.

Providing Responsible Oversight of Trusts to Ensure Compensation and Transparency for Asbestos Victims Act of 2019 or the PROTECT Asbestos Victims Act of 2019 This bill modifies several aspects of the asbestos bankruptcy trust system. An asbestos bankruptcy trust is established when a company subject to asbestos-related liability files for bankruptcy under chapter 11. Among other things, the bill * provides statutory authority for the U.S. Trustee Program within the Department of Justice to investigate the administration and operation of asbestos bankruptcy trusts; and * creates new criminal offenses for making a false representation to, or a false claim for payment by, an asbestos bankruptcy trust.

Stop Looting American Pensions Act of 2019 or the SLAP Act This bill revises certain bankruptcy requirements, including by providing additional protections for employee pay and pensions in the event of a bankruptcy. Specifically, the bill * revises the bankruptcy priority requirements of claims for wages and contributions to employee benefit plans, including by increasing the cap of these payments and by eliminating the time period limitation for which unpaid wages and contributions may be claimed; * increases the bankruptcy priority of minimum funding contributions towards employee pension benefit plans and withdrawal liability and requires companies to continue making these payments during bankruptcy; * expands restrictions on executive pay; * places restrictions on the sale of property in bankruptcy proceedings, including by requiring reasonable payment; and * extends look back periods regarding fraudulent transfers from two years to six years.