US SB270 | 2017-2018 | 115th Congress

Status

Spectrum: Partisan Bill (Republican 4-0)
Status: Introduced on February 1 2017 - 25% progression, died in committee
Action: 2017-02-01 - Read twice and referred to the Committee on the Budget.
Pending: Senate Budget Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Pension and Budget Integrity Act of 2017 This bill prohibits provisions that increase or extend an increase of Pension Benefit Guaranty Corporation (PBGC) premiums from being counted as an offset to determine 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. This bill prevents increases in PBGC premiums from being used to pay for provisions that increase the deficit in determining whether a budget point of order applies to legislation.)

Tracking Information

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Title

Pension and Budget Integrity Act of 2017

Sponsors


History

DateChamberAction
2017-02-01SenateRead twice and referred to the Committee on the Budget.

Same As/Similar To

HB761 (Same As) 2017-01-31 - Referred to the Committee on Rules, and in addition to the Committee on 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.
HB3596 (Related) 2017-07-28 - 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.

Subjects


US Congress State Sources


Bill Comments

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