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S 3006 111th Congress Senate Labor and Employment Employee benefits and pensions Financial services and investments Fraud offenses and financial crimes Income tax deductions

A bill to amend the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code of 1986 to allow multiemployer plans to amortize losses from certain fraudulent investment schemes…

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A bill to amend the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code of 1986 to allow multiemployer plans to amortize losses from certain fraudulent investment schemes over a 40-year period.

Introduced: February 9, 2010 Introduced by: Schumer, Charles E. Democratic · New York See on congress.gov
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 9, 2010
Read twice and referred to the Committee on Finance.
Feb 9, 2010
Introduced in Senate
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 Plain-English summary Congressional Research Service

Amends the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code to permit the plan sponsor of a multiemployer pension plan to amortize net investment losses incurred from qualified fraudulent investment schemes after August 31, 2008, over a 40-year period in equal annual installments.

What's happening now February 9, 2010

Read twice and referred to the Committee on Finance.

 Related & companion bills 1
  • HR 4608 Identical bill To amend the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code of 1986 to allow multiemploy…
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 3006: A bill to amend the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code of 1986 to allow multiemployer plans to amortize losses from certain fraudulent investment schemes over a 40-year period.. 111th Congress. Open America. https://openamerica.io/bill/111-S-3006/
MLA
"S. 3006: A bill to amend the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code of 1986 to allow multiemployer plans to amortize losses from certain fraudulent investment schemes over a 40-year period.." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-S-3006/.
Bluebook (legal)
S. 3006, 111th Cong. (2026), https://openamerica.io/bill/111-S-3006/.
Markdown link
[S. 3006: A bill to amend the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code of 1986 to allow multiemployer plans to amortize losses from certain fraudulent investment schemes over a 40-year period.](https://openamerica.io/bill/111-S-3006/)
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