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H.R. 3458 117th Congress House

State and Local Pensions Accountability and Security Act

Official title: To prohibit the Secretary of the Treasury and the Board of Governors of the Federal Reserve System from providing bailouts or other financial assistance to a p… Show full official titleShow less

Official title: To prohibit the Secretary of the Treasury and the Board of Governors of the Federal Reserve System from providing bailouts or other financial assistance to a pension plan of a State or political subdivision thereof, and for other purposes.

Introduced: May 21, 2021 Introduced by: Brian Babin Republican · Texas See on congress.gov
Labor and Employment
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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
May 21, 2021
Referred to the Committee on Education and Labor, and in addition to the Committee on Financial Services, 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.
May 21, 2021
Introduced in House
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 Latest action May 21, 2021

Referred to the Committee on Education and Labor, and in addition to the Committee on Financial Services, 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.

 Plain-English summary Congressional Research Service

State and Local Pensions Accountability and Security Act

This bill prohibits the Department of the Treasury and the Federal Reserve Board from providing any loan, grant, or other form of financial assistance in support of a state or local pension plan.

 Related & companion bills 1
  • HR 2126 Reintroduction of State and Local Pensions Accountability and Security Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
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APA
U.S. Congress. (2026). H.R. 3458: State and Local Pensions Accountability and Security Act. 117th Congress. Open America. https://openamerica.io/bill/117-HR-3458/
MLA
"H.R. 3458: State and Local Pensions Accountability and Security Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-3458/.
Bluebook (legal)
H.R. 3458, 117th Cong. (2026), https://openamerica.io/bill/117-HR-3458/.
Markdown link
[H.R. 3458: State and Local Pensions Accountability and Security Act](https://openamerica.io/bill/117-HR-3458/)
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