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HR 2844 114th Congress House Labor and Employment Bankruptcy Employee benefits and pensions Income tax exclusion Land transfers Transfer and inheritance taxes

Keep Our Pension Promises Act

Introduced: September 9, 2015 Introduced by: Kaptur, Marcy Democratic · Ohio See on congress.gov
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) 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 5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 16, 2015
Referred to the Subcommittee on Health, Employment, Labor, and Pensions.
Jul 9, 2015
Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.
Jun 19, 2015
Sponsor introductory remarks on measure. (CR E936)
Jun 19, 2015
Introduced in House
Jun 19, 2015
Referred to the Committee on Education and the Workforce, and in addition to the Committees on Ways and Means, and the Judiciary, 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.
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 Plain-English summary Congressional Research Service

Keep Our Pension Promises Act

This bill repeals the elimination of the pension anti-cutback provisions under the Multiemployer Pension Reform Act of 2014. The anti-cutback provisions prohibit reductions in pension benefits to participants in multiemployer pension plans.

The bill amends the Employee Retirement Income Security Act of 1974 (ERISA) to allow a plan sponsor of an eligible multiemployer plan to petition the Pension Benefit Guaranty Corporation for a partition of a financially-troubled pension plan. PBGC is required to establish a legacy fund to cover the administrative and benefit costs resulting from a partition..

The bill amends the federal bankruptcy code to assign first claim priority to pension obligations under ERISA.

The bill amends the Internal Revenue Code to: (1) impose a limit of $1 million on the exemption of the gain from the exchange of real property in a like kind exchange, (2) prohibit the use of like kind exchanges for collectibles, (3) establish estate valuation rules for certain transfers of nonbusiness assets, and (4) limit estate tax discounts for certain individuals with minority interests in a business acquired from a decedent.

What's happening now November 16, 2015

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

 Related & companion bills 1
  • S 1631 Identical bill Keep Our Pension Promises Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 5
 Cosponsors 28
All 28 Democratic 27
D
Green, Al
Texas · Sep 7, 2016
 D
Wasserman Schultz, Debbie
Florida · Jul 14, 2016
 D
Bishop, Sanford D.
Georgia · May 11, 2016
 D
DeLauro, Rosa L.
Connecticut · May 11, 2016
 D
Duckworth, Tammy
Illinois · Apr 15, 2016
 D
McCollum, Betty
Minnesota · Mar 2, 2016
 D
Cleaver, Emanuel
Missouri · Feb 12, 2016
 D
Kelly, Robin L.
Illinois · Feb 3, 2016
 D
Tonko, Paul
New York · Feb 3, 2016
 D
Dingell, Debbie
Michigan · Nov 18, 2015
 D
Johnson, Henry C. "Hank"
Georgia · Nov 18, 2015
 D
Cohen, Steve
Tennessee · Oct 9, 2015
 D
Adams, Alma S.
North Carolina · Sep 24, 2015
 D
Garamendi, John
California · Sep 24, 2015
 D
Chu, Judy
California · Sep 16, 2015
 D
Jeffries, Hakeem S.
New York · Sep 16, 2015
 D
Pallone, Frank
New Jersey · Sep 16, 2015
 D
Clarke, Yvette D.
New York · Sep 10, 2015
 D
Beatty, Joyce
Ohio · Sep 9, 2015
 D
Lieu, Ted
California · Sep 9, 2015
 D
Lofgren, Zoe
California · Sep 9, 2015
 D
Norton, Eleanor Holmes
District of Columbia · Sep 9, 2015
 D
Velázquez, Nydia M.
New York · Sep 9, 2015
VISCLOSKY, PETER
· Sep 9, 2015
 D
Veasey, Marc A.
Texas · Jul 27, 2015
 D
Moore, Gwen
Wisconsin · Jun 25, 2015
 D
Boyle, Brendan F.
Pennsylvania · Jun 19, 2015
 D
Schakowsky, Janice D.
Illinois · Jun 19, 2015
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2844: Keep Our Pension Promises Act. 114th Congress. Open America. https://openamerica.io/bill/114-HR-2844/
MLA
"H.R. 2844: Keep Our Pension Promises Act." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-2844/.
Bluebook (legal)
H.R. 2844, 114th Cong. (2026), https://openamerica.io/bill/114-HR-2844/.
Markdown link
[H.R. 2844: Keep Our Pension Promises Act](https://openamerica.io/bill/114-HR-2844/)
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