US Congress Senate Bill 143 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on January 25 2011 - 25% progression, died in committee
Action: 2011-01-25 - Read twice and referred to the Committee on Finance.
Pending: Senate Finance Committee
Text: Latest bill text (Introduced) [PDF]

Church Plan Clarification Act of 2011- Amends Internal Revenue Code pension plan provisions to: (1) apply a special rule for determining the status of an employer participating in a church plan as a member of a controlled group of entities, and (2) allow certain tax-free transfers to and mergers of church plans that are maintained by the same church or association of churches. Amends the Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA) to apply limitations on benefits and contributions under qualified employee plans to certain church defined benefit plans. Includes within the definition of plan under the Employee Retirement Income Security Act of 1974 (ERISA) an employee benefit plan which is a church plan for purposes of ERISA automatic enrollment provisions. Allows church plans and their supporting organizations to invest plan assets in a group trust (as defined by Internal Revenue Service Revenue Rulings).

Church Plan Clarification Act of 2011

Sen. Kay Hutchison [R-TX]

Sen. Benjamin Cardin [D-MD]

Date	Chamber	Action
2011-01-25	Senate	Read twice and referred to the Committee on Finance.

HB4050 (Related) 2012-03-29 - Referred to the Subcommittee on Health, Employment, Labor, and Pensions.
SB3532 (Related) 2012-09-12 - Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S6272-6273)

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/senate-bill/143/all-info
Text	https://www.congress.gov/112/bills/s143/BILLS-112s143is.pdf