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H.R. 3596 · 115th Congress

Rightsizing Pension Premiums Act of 2017

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Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

MKR KellySponsor
137 cosponsors · 39 D, 98 R
RKD Kind RDR Davis RMR Marshall CPD Peterson WCD Clay FLR Lucas SPR Palazzo DRR Rouzer JSR Shimkus PTR Tiberi AWR Wagner SGR Graves AHD Hastings WJR Jones DLR LaHood NVD Velázquez TER Emmer GHR Harper PRR Roskam TRR Rokita JFR Fortenberry BLR Luetkemeyer JWR Wilson SBR Brooks SDR DesJarlais RER Estes PGR Gosar BHR Huizenga GHR Holding DKR Kustoff DLD Loebsack BLR Long GMD Meeks AMR Mooney KNR Noem JSR Smith DSD Soto JWR Walorski DYR Young BGR Gibbs EJD Johnson TRR Rooney THR Hollingsworth BPR Posey TYR Yoho LBR Barletta SKR King AKD Kuster TKR Kelly BRD Rush JRR Ratcliffe SRR Russell DWR Webster RBR Bishop YCD Clarke MGR Gaetz VGD Gonzalez JMR Moolenaar BSD Schneider CSR Stewart FUR Upton BTD Thompson JBD Beatty JBR Banks ECD Cleaver EED Engel MLR Love LMR Messer MRR Rogers KBD Bass KCR Cramer BJR Johnson RLR Latta ASR Smith SWR Womack BWR Westerman ALD Lawson SSR Stivers AAD Adams LCR Cheney BFR Farenthold VHR Hartzler JHR Hill AKR Kinzinger JAR Arrington GBR Bilirakis GMD Meng TCD Cárdenas BCR Carter DPD Payne GWR Walden LBR Bucshon BBR Byrne MBR Bost LJR Jenkins RCR Crawford GGR Gianforte SPD Plaskett KSD Schrader GTR Thompson DBR Bacon AFR Ferguson GGR Grothman JRR Rutherford JBD Brownley JBR Bergman JCR Comer NDR Dunn TSD Sewell KYR Yoder CBD Bustos CHD Hanabusa RHR Hudson HJD Johnson MRR Roby KSD Sinema TWD Walz BLR Loudermilk BCR Comstock DDD Davis TGD Gabbard BMR Mast MSR Simpson ABD Brown MBR Burgess JJR Jordan DLR Lamborn MLD Lujan Grisham SPR Pearce STR Tipton MMR McSally TRR Rice GKD Butterfield JCD Clyburn MCR Coffman RNR Norman LSR Smith

1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

This bill amends the Employee Retirement Income Security Act of 1974 (ERISA) to: (1) modify the formula that the Pension Benefit Guaranty Corporation (PBGC) uses to calculate the funded percentage of single-employer pension plans, and (2) reduce single-employer PBGC premiums for pension plans that are sponsored by certain small employers or have specified…

What it does: CRS summary · Introduced in House · Jul 28, 2017

Rightsizing Pension Premiums Act of 2017

This bill amends the Employee Retirement Income Security Act of 1974 (ERISA) to: (1) modify the formula that the Pension Benefit Guaranty Corporation (PBGC) uses to calculate the funded percentage of single-employer pension plans, and (2) reduce single-employer PBGC premiums for pension plans that are sponsored by certain small employers or have specified PBGC funded percentages.

The bill also prohibits the budget effects of provisions that change PBGC premiums from being counted for the purposes of determining budget points of order for legislation in the House or the Senate.

(The PBGC is a federal agency that insures the benefits of private sector, defined benefit pension plans. The PBGC 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.)

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Rightsizing Pension Premiums Act of 2017

Latest action (Jul 28, 2017): Referred to the Committee on Education and the Workforce, and in addition to the Committees on Rules, and the Budget, 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.

Policy area: Labor and Employment · Origin: House · Introduced: Jul 28, 2017

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.