US HB3596 | 2017-2018 | 115th Congress
Status
Spectrum: Slight Partisan Bill (Republican 99-38-1)
Status: Introduced on July 28 2017 - 25% progression, died in committee
Action: 2017-07-28 - Referred to the Committee on Education and the Workforce, and in addition to the Committees on Rules, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Pending: House Education And The Workforce Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on July 28 2017 - 25% progression, died in committee
Action: 2017-07-28 - Referred to the Committee on Education and the Workforce, and in addition to the Committees on Rules, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Pending: House Education And The Workforce Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Rightsizing Pension Premiums Act of 2017 This bill amends the Employee Retirement Income Security Act of 1974 (ERISA) to: (1) modify the formula that the Pension Benefit Guaranty Corporation (PBGC) uses to calculate the funded percentage of single-employer pension plans, and (2) reduce single-employer PBGC premiums for pension plans that are sponsored by certain small employers or have specified PBGC funded percentages. The bill also prohibits the budget effects of provisions that change PBGC premiums from being counted for the purposes of determining budget points of order for legislation in the House or the Senate. (The PBGC is a federal agency that insures the benefits of private sector, defined benefit pension plans. The PBGC is financed by insurance premiums paid by sponsors of the plans, investment income, assets from pension plans taken over by the PBGC, and recoveries from the companies formerly responsible for the plans.)
Title
Rightsizing Pension Premiums Act of 2017
Sponsors
History
Date | Chamber | Action |
---|---|---|
2017-07-28 | House | Referred to the Committee on Education and the Workforce, and in addition to the Committees on Rules, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. |
2017-07-28 | House | Referred to the Committee on Education and the Workforce, and in addition to the Committees on Rules, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. |
2017-07-28 | House | Referred to the Committee on Education and the Workforce, and in addition to the Committees on Rules, and the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. |
2017-07-28 | House | Introduced in House |
Same As/Similar To
HB761 (Related) 2017-01-31 - Referred to the Committee on Rules, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
SB270 (Related) 2017-02-01 - Read twice and referred to the Committee on the Budget.
SB270 (Related) 2017-02-01 - Read twice and referred to the Committee on the Budget.
Subjects
Budget process
Employee benefits and pensions
Executive agency funding and structure
Government corporations and government-sponsored enterprises
Labor and employment
Legislative rules and procedure
Pension Benefit Guaranty Corporation
Small business
Employee benefits and pensions
Executive agency funding and structure
Government corporations and government-sponsored enterprises
Labor and employment
Legislative rules and procedure
Pension Benefit Guaranty Corporation
Small business
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/115th-congress/house-bill/3596/all-info |
Text | https://www.congress.gov/115/bills/hr3596/BILLS-115hr3596ih.pdf |