Skip to main content
S 2318 115th Congress Senate Labor and Employment Administrative law and regulatory procedures Department of Labor Employee benefits and pensions Executive agency funding and structure Financial services and investments Pension Benefit Guaranty Corporation User charges and fees

Pension Stability Act

Introduced: January 17, 2018 Introduced by: Baldwin, Tammy Democratic · Wisconsin See on congress.gov
Sign in to write a letter Sign in to watch
This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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
Jan 17, 2018
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Jan 17, 2018
Introduced in Senate
 Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

 Plain-English summary Congressional Research Service

Pension Stability Act

This bill requires the Department of Labor to establish user fees for qualified professional asset managers (QPAMs) who have been convicted of a crime and apply for an individual exemption (known as a QPAM waiver) to the prohibited transaction rules under the Employee Retirement Income Security Act of 1974 (ERISA).

The fees:

  • apply to large regulated banks, savings and loan associations, insurance companies, and federally registered investment advisors who are QPAMs;
  • must be at least $1 million per application for an individual exemption; and
  • increase based on the severity of the crime and the number of prior applications for individual exemptions.

Labor must transfer the amounts collected from the user fees to the Pension Benefit Guaranty Corporation to assist in guaranteeing benefits under pension plans.

What's happening now January 17, 2018

Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
Cite this page click to expand
APA
U.S. Congress. (2026). S. 2318: Pension Stability Act. 115th Congress. Open America. https://openamerica.io/bill/115-S-2318/
MLA
"S. 2318: Pension Stability Act." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-S-2318/.
Bluebook (legal)
S. 2318, 115th Cong. (2026), https://openamerica.io/bill/115-S-2318/.
Markdown link
[S. 2318: Pension Stability Act](https://openamerica.io/bill/115-S-2318/)
Report a problem