House Bill 3596
115th Congress(2017-2018)
Rightsizing Pension Premiums Act of 2017
Introduced
Introduced
Introduced in House on Jul 28, 2017
Overview
Text
Sponsor
Introduced
Jul 28, 2017
Latest Action
Jul 28, 2017
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
3596
Congress
115
Policy Area
Labor and Employment
Labor and Employment
Primary focus of measure is matters affecting hiring and composition of the workforce, wages and benefits, labor-management relations; occupational safety, personnel management, unemployment compensation. Measures concerning public-sector employment may fall under Government Operations and Politics policy area.
Sponsorship by Party
Pennsylvania
Mississippi
Arizona
Arkansas
Arkansas
California
California
California
Colorado
Colorado
Colorado
Florida
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Florida
Florida
Florida
Florida
Florida
Illinois
Illinois
Illinois
Illinois
Illinois
Illinois
Indiana
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Michigan
Michigan
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Minnesota
Mississippi
Mississippi
Mississippi
Missouri
Missouri
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Missouri
Nebraska
Nebraska
New Hampshire
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New York
New York
North Carolina
North Carolina
North Carolina
North Carolina
North Carolina
North Carolina
North Dakota
Oklahoma
Pennsylvania
Pennsylvania
South Carolina
South Carolina
South Carolina
South Carolina
South Dakota
Tennessee
U.S. Virgin Islands
West Virginia
Wisconsin
Wyoming
No House votes have been held for this bill.
Summary

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.)

Text (1)
July 28, 2017
Actions (2)
07/28/2017
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.
07/28/2017
Introduced in House
Public Record
Created
Jul 29, 2017 3:11:39 AM
Updated
Apr 16, 2021 7:32:54 PM