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Railroad Retirement and Survivors' Improvement Act of 2001

Introduced: March 21, 2001 See on congress.gov

Everywhere this bill has been 19 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Aug 1, 2001

Received in the Senate and Read twice and referred to the Committee on Finance.

Jul 31, 2001

Motion to reconsider laid on the table Agreed to without objection.

Jul 31, 2001

On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 384 - 33 (Roll no. 305). (text: CR H4955-4959)

Jul 31, 2001

Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 384 - 33 (Roll no. 305).(text: CR H4955-4959)

Jul 31, 2001

DEBATE - The House proceeded with forty minutes of debate on H.R. 1140.

Jul 31, 2001

Considered under suspension of the rules. (consideration: CR H4955-4966)

Jul 31, 2001

Mr. Young (AK) moved to suspend the rules and pass the bill, as amended.

Jul 12, 2001

Placed on the Union Calendar, Calendar No. 77.

Jul 12, 2001

Committee on Ways and Means discharged.

May 24, 2001

House Committee on Ways and Means Granted an extension for further consideration ending not later than July 12, 2001.

May 24, 2001

Reported (Amended) by the Committee on Transportation. H. Rept. 107-82, Part I.

May 16, 2001

Ordered to be Reported by Voice Vote.

May 16, 2001

Committee Consideration and Mark-up Session Held.

May 9, 2001

Forwarded by Subcommittee to Full Committee (Amended) by Voice Vote.

May 9, 2001

Subcommittee Consideration and Mark-up Session Held.

Apr 3, 2001

Referred to the Subcommittee on Social Security.

Mar 22, 2001

Referred to the Subcommittee on Railroads.

Mar 21, 2001

Referred to the Committee on Transportation and Infrastructure, and in addition to the Committee on Ways and Means, 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.

Mar 21, 2001

Introduced in House

Votes taken on this bill 1

Date	Chamber	What was voted on	Result	Yes–No
Jul 31, 2001	House · vote #305	On Motion to Suspend the Rules and Pass, Amended	Passed	384–33	See who voted →

Plain-English summary Congressional Research Service

Railroad Retirement and Survivors' Improvement Act of 2001 - Amends the Railroad Retirement Act of 1974 to increase benefits to railroad employees and their beneficiaries and to revise financing of the pension part (tier II) of the railroad retirement system.

Establishes a Railroad Retirement Trust Fund and a Railroad Retirement Investment Trust to manage and invest Fund assets. Abolishes the Railroad Retirement Supplemental Annuity Account and provides for transfer of its funds to the Fund. Provides for transfer to the Fund of certain portions of the Railroad Retirement Account and of Social Security Equivalent Benefit account funds. Transfers to the disbursing agent from the Dual Benefits Payments Account the amount necessary to make dual benefit payments.

Requires the Railroad Retirement Board (RRB) to calculate the ratio of assets to benefits to determine annual tier II tax rates for employers, employee representatives, and employees.

Amends the Internal Revenue Code to exempt the Fund from taxation. Repeals a supplemental annuity tax that railroad employers pay to finance a benefit for long-time rail employees. Provides for adjustments to railroad employers, employee representatives, and employee tier II tax rates.

What's happening now August 1, 2001

Received in the Senate and Read twice and referred to the Committee on Finance.

Committees of jurisdiction 5