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Is the Federal Government looking at the issue of corporate bankruptcy?

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Is the Federal Government looking at the issue of corporate bankruptcy?

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Yes. H.R. 5525 is a bill introduced by Rep. George W. Gekas that on November 2, 2002 was referred to the House subcommittee on Commercial and Administrative Law. The bill seeks to amend title 11 of the US Code to prevent corporate bankruptcy abuse and provide greater protection for employees and for other purposes.

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