HR 4955
114th Congress
House
Labor and Employment
Budget process
Employee benefits and pensions
Pension Benefit Guaranty Corporation
Pension and Budget Integrity Act of 2016
Introduced: April 15, 2016
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 19, 2016
Referred to the Subcommittee on Health, Employment, Labor, and Pensions.
Apr 15, 2016
Referred to the Committee on the Budget, and in addition to the Committee on Education and the Workforce, 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.
Apr 15, 2016
Introduced in House
Plain-English summary
Pension and Budget Integrity Act of 2016
This bill amends the Employee Retirement Income Security Act of 1974 (ERISA) to exclude the receipts and disbursements of the Pension Benefit Guaranty Corporation (PBGC) from the federal budget.
(The PBGC is a federal agency that insures the benefits of private sector, defined benefit pension plans. The PBGC receives no federal funds and is financed by insurance premiums paid by sponsors of the plans, investment income, assets from pension plans taken over by the PBGC, and recoveries from the companies formerly responsible for the plans.)
What's happening now
Referred to the Subcommittee on Health, Employment, Labor, and Pensions.
Committees of jurisdiction
3