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S 833 116th Congress Senate Labor and Employment Employee benefits and pensions

Pension Accountability Act

Introduced: March 14, 2019 See on congress.gov
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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
Mar 14, 2019
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Mar 14, 2019
Introduced in Senate
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 Plain-English summary Congressional Research Service

Pension Accountability Act

This bill revises the rules for voting on the suspension of pension benefits under multiemployer plans in critical and declining status. The bill changes the voting procedure for suspending plan benefits to provide that a suspension shall go into effect unless a majority of plan participants and beneficiaries who cast a vote (currently, a majority of all plan participants and beneficiaries) reject the suspension.

The bill also eliminates the authority of the Department of the Treasury, in the case of systemically important plans, to override a vote of plan participants to reject a suspension. A plan is systemically important if projected financial assistance to the plan will exceed $1 billion if suspensions are not implemented.

What's happening now March 14, 2019

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
 Cosponsors 3
All 3 Republican 3
R
Moran, Jerry
Kansas · Jun 12, 2019
 R
Blackburn, Marsha
Tennessee · May 6, 2019
 R
Fischer, Deb
Nebraska · Mar 14, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). S. 833: Pension Accountability Act. 116th Congress. Open America. https://openamerica.io/bill/116-S-833/
MLA
"S. 833: Pension Accountability Act." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-833/.
Bluebook (legal)
S. 833, 116th Cong. (2026), https://openamerica.io/bill/116-S-833/.
Markdown link
[S. 833: Pension Accountability Act](https://openamerica.io/bill/116-S-833/)
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