HR 1322 110th Congress House Health Bank loans Coinsurance 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 Medical economics Patients' rights Retiree health benefits

Emergency Retiree Health Benefits Protection Act of 2007

Introduced: March 5, 2007 See on congress.gov

Everywhere this bill has been 3 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Jun 5, 2007

Referred to the Subcommittee on Health, Employment, Labor, and Pensions.

Mar 5, 2007

Referred to the Committee on Education and Labor, 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.

Mar 5, 2007

Introduced in House

Plain-English summary Congressional Research Service

Emergency Retiree Health Benefits Protection Act of 2007 - Amends the Employee Retirement Income Security Act of 1974 (ERISA) to add a program for emergency retiree health benefit protections.

Prohibits group health plans from reducing retiree health benefits after the retirement of a plan beneficiary. Requires such plans to adopt provisions barring post-retirement reductions in retiree health benefits.

Requires group health plan sponsors to grant retired plan participants the option of benefit restoration. Authorizes the Secretary of Labor to waive or vary requirements for benefit restoration if compliance with such requirements 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 plan sponsors.

Establishes the Emergency Retiree Health Loan Guarantee Program. Authorizes the Program to guarantee loans provided by private financial institutions to assist plan sponsors in meeting benefit restoration obligations under this Act. Terminates loan guarantee authority after 2013.

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

What's happening now June 5, 2007

Referred to the Subcommittee on Health, Employment, Labor, and Pensions.

Committees of jurisdiction 3