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 over a 40-year period.
Introduced: February 9, 2010
Introduced by:
Schumer, Charles E.
Democratic
· New York
See on congress.gov
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
Plain-English summary
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
Read twice and referred to the Committee on Finance.
Committees of jurisdiction
1