H.R. 3648 · 115th Congress
Vested Employee Pension Benefit Protection Act
Key: what the circles and colors mean
Each circle is a bill. The ring fills as it moves through Congress:
Under the number: the Yea · Nay count of its final (or latest) recorded vote. On a member's page, the small badge is how that member voted: Y Yea / Aye, N Nay / No, P Present, – Not voting.
Gold and violet are only for Yea and Nay; they never mean a party. A member's party is the letter on their photo.
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.
R
LuetkemeyerSponsor5 cosponsors · 1 D, 4 R
4 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill amends the Internal Revenue Code to allow employees in the building and construction industry to make distributions from their tax-exempt multi-employer pension plan at age 55 if: (1) they are not separated from employment at the time of such distributions, (2) they were participants in such plan on or before April 30, 2013, and (3) the plan…
What it does: CRS summary · Introduced in House · Aug 11, 2017
Vested Employee Pension Benefit Protection Act
This bill amends the Internal Revenue Code to allow employees in the building and construction industry to make distributions from their tax-exempt multi-employer pension plan at age 55 if: (1) they are not separated from employment at the time of such distributions, (2) they were participants in such plan on or before April 30, 2013, and (3) the plan provides for payment of separate accrued benefits when the employee attains the plan's normal retirement age.
The bill suspends payment of distributions for such building and construction industry employees if their multi-employer plan is in endangered or critical status.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Vested Employee Pension Benefit Protection Act
Latest action (Aug 11, 2017): Referred to the Committee on Ways and Means, 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.
Policy area: Taxation · Origin: House · Introduced: Aug 11, 2017
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.