Labour MP Luciana Berger introduced a ten minute rule bill on tightening up health and safety legislation in the workplace on 8 February 2012.
The bill would amend the Health and Safety at Work Act 1974 to give health and safety inspectors the power to freeze the assets of a company under investigation following a death or serious injury at work.
Introducing the bill, Ms Berger claimed 50 people had been killed last year as a result of accidents at work in the construction industry alone.
She said her proposal would close a "loophole" which meant some companies facing a Health and Safety Executive (HSE) investigation were able to force themselves into liquidation in order to avoid punishment for an employee's death or injury.
The Labour MP said loophole meant "negligent employers" were able to avoid taking responsibility for accidents and therefore "deny the victims' families and friends the justice they deserve".
"We have responsibility to the families and friends who have lost loved ones to close this loophole," she told MPs.
The bill was nodded through, but is unlikely to make further progress due to a lack of parliamentary time.