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HR 5405 106th Congress House Health Coinsurance Congress Congressional reporting requirements Economics and Public Finance Executive reorganization Federally-guaranteed loans Finance and Financial Sector Fines (Penalties) Government Operations and Politics Health insurance Health insurance continuation Insurance premiums Law Patients' rights Retiree health benefits

Emergency Retiree Health Benefits Protection Act of 2000

Introduced: October 5, 2000 See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 14, 2000
Referred to the Subcommittee on Employer-Employee Relations.
Oct 5, 2000
Referred to the Committee on Education and the Workforce, 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.
Oct 5, 2000
Introduced in House
 Plain-English summary Congressional Research Service
Emergency Retiree Health Benefits Protection Act of 2000 - Amends the Employee Retirement Income Security Act of 1974 (ERISA) to provide emergency protections for retiree health benefits.

Prohibits group health plans from making post-retirement reductions of retiree health benefits.

Requires group health plans to adopt provisions barring post-retirement reductions in retiree health benefits.

Requires group health plans to restore benefits reduced after retirement. Authorizes the Secretary of Labor to waive or vary such requirements, if a plan sponsor applies for such exemption, upon finding that compliance would: (1) be adverse to the interests of plan participants in the aggregate; (2) not be administratively feasible; and (3) cause substantial business hardship to the sponsor.

Establishes the Emergency Retiree Health Loan Guarantee Program and its Board. Authorizes the Program, through its Board, to guarantee loans provided by private banking and investment institutions to eligible plan sponsors to assist them in meeting obligations under this Act to restore benefits reduced after retirement. Requires such loan guarantees to be provided: (1) to the extent provided in advance in appropriation Acts pursuant to an amount authorized to be appropriated under this Act; (2) only in accordance with procedures established by the Board; (3) with specified limits on the aggregate amount of loans guaranteed and outstanding at any time, and on the aggregate amount of loans guaranteed with respect to a single eligible plan sponsor; and (4) with a termination date for the Board's authority to make commitments to guarantee any loan. Designates as an emergency requirement the amount made available to carry out the Program.

Provides that other claims are not affected, and other causes of action are not authorized, by this Act.

Authorizes the Secretary to assess civil penalties for violations of this Act.

What's happening now November 14, 2000

Referred to the Subcommittee on Employer-Employee Relations.

 Committees of jurisdiction 3
 Cosponsors 1
All 1 Democratic 1