Employee Benefits And Pensions
US Congress 115th Congress
Miners Pension Protection Act [S.1105]
[Pensions ]
[Labor, Jobs, Employment ]
[Energy ]
[Mining ]
[Budget and Spending ]
Miners Pension Protection Act This bill amends the Surface Mining Control and Reclamation Act of 1977 (SMCRA) to transfer certain funds to the 1974 United Mine Workers of America (UMWA) Pension Plan to provide pension benefits to retired coal miners and their families. The Department of the Treasury must transfer additional funds to the 1974 UMWA Pension Plan to pay pension benefits required under that plan if the amounts available for transfer under SMCRA's $490 million annual limit exceed the amounts required to be transferred for other purposes
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Sponsored by: Sen. Robert Casey
Read Twice And Referred To The Committee On Health, Education, Labor, And Pensions. on 05/11/2017
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Vested Employee Pension Benefit Protection Act [S.1080]
[Labor, Jobs, Employment ]
[Pensions ]
[Construction ]
[Retirement ]
Vested Employee Pension Benefit Protection Act This bill amends the Internal Revenue Code to allow employees in the building and construction industry who have attained age 55 and are not separated from employment to make distributions from certain tax-exempt multiemployer pension plans if they were participants in such plan on or before April 30, 2013.
Sponsored by: Sen. Claire McCaskill
Read Twice And Referred To The Committee On Finance. on 05/09/2017
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Keep Our Pension Promises Act [S.1076]
[Pensions ]
[Retirement ]
[Labor, Jobs, Employment ]
[Finance ]
[Taxes ]
[Real Estate ]
[Budget and Spending ]
Keep Our Pension Promises Act This bill repeals the elimination of the pension anti-cutback provisions under the Multiemployer Pension Reform Act of 2014. The anti-cutback provisions prohibit reductions in pension benefits to participants in multiemployer pension plans. The bill amends the Employee Retirement Income Security Act of 1974 (ERISA), with respect to partitions of eligible multiemployer plans, to modify the procedures and allow plan sponsors to petition the Pension Benefit Guaranty Corporation (PBGC) for a partition of additional financially-troubled
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Sponsored by: Sen. Jack Reed
Read Twice And Referred To The Committee On Finance. on 05/09/2017
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United States Employee Ownership Bank Act [HB-2357]
[Finance ]
[Labor, Jobs, Employment ]
[Small Business ]
[Economic Development ]
United States Employee Ownership Bank Act This bill requires the Department of the Treasury to establish the U.S. Employee Ownership Bank, which shall be authorized to provide, in accordance with specified terms, conditions, and other requirements, financial assistance to increase employee ownership of a company. In addition, the bill amends the Worker Adjustment and Retraining Notification Act to specify that, in general, if an employer orders the closing of a plant or facility, the employer must offer its employees an opportunity to purchase the
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Sponsored by: Rep. Peter DeFazio
Introduced In House on 05/04/2017
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Keeping America's Pension Promises Act [HB-2384]
[Pensions ]
[Labor, Jobs, Employment ]
[Retirement ]
[Finance ]
[Taxes ]
Keeping America's Pension Promises Act This bill repeals the elimination of the pension anti-cutback provisions under the Multiemployer Pension Reform Act of 2014. The anti-cutback provisions prohibit reductions in pension benefits to participants in multiemployer pension plans. The bill amends the Employee Retirement Income Security Act of 1974 (ERISA), with respect to partitions of eligible multiemployer plans, to modify the procedures and allow plan sponsors to petition the Pension Benefit Guaranty Corporation (PBGC) for a partition of additional
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Sponsored by: Rep. Richard Nolan
Referred To The Subcommittee On Regulatory Reform, Commercial And Antitrust Law. on 06/07/2017
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Putting Main Street FIRST Act Putting Main Street FIRST: Finishing Irresponsible Reckless Speculative Trading Act [HB-2306]
[Finance ]
[Taxes ]
[Small Business ]
[Trade ]
[Investments ]
Putting Main Street FIRST Act Putting Main Street FIRST: Finishing Irresponsible Reckless Speculative Trading Act This bill amends the Internal Revenue Code to impose a .03% excise tax on the purchase of a security if: (1) such purchase occurs on, or is subject to the rules of, a qualified board or exchange located in the United States; or (2) the purchaser or seller is a U.S. person. A "security" includes: (1) any share of stock in a corporation, (2) any partnership or beneficial ownership interest in a partnership or trust; (3) any note, bond,
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Sponsored by: Rep. Raul Grijalva
Introduced In House on 05/03/2017
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SERVE Act Seeking an End to Restrictions on Votive Employees Act [HB-2341]
[Retirement ]
[Pensions ]
[Religion ]
[Taxes ]
SERVE Act Seeking an End to Restrictions on Votive Employees Act This bill amends the Internal Revenue Code to specify that a retirement income account provided by a church or a convention or association of churches may cover: (1) a duly ordained, commissioned, or licensed minister of a church in the exercise of his ministry, regardless of the source of his compensation; (2) an employee of a tax-exempt organization, whether a civil law corporation or otherwise, that is controlled by or associated with a church or a convention or association of churches;
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Sponsored by: Rep. Barbara Comstock
Introduced In House on 05/03/2017
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Common SENSE Act of 2017 Common Sense Employer Notification of Special Enrollment Act of 2017 [HB-2342]
[Healthcare ]
[Insurance ]
[Labor, Jobs, Employment ]
[Medicare and Medicaid ]
[Retirement ]
Common SENSE Act of 2017 Common Sense Employer Notification of Special Enrollment Act of 2017 This bill amends the Employee Retirement Income Security Act of 1974 (ERISA), the Internal Revenue Code, and the Public Health Service Act to expand notification requirements for health plans regarding beneficiaries who would lose coverage if not for continuation coverage (e.g., due to job termination) to include providing notice of: (1) guaranteed availability of coverage under the Patient Protection and Affordable Care Act, including special enrollment
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Sponsored by: Rep. Daniel Lipinski
Sponsor Introductory Remarks On Measure. (cr H4379) on 05/19/2017
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PROSPERS Act Preserve Rights Of States and Political subdivisions to Encourage Retirement Savings Act [S.1035]
[Retirement ]
[Labor, Jobs, Employment ]
[Pensions ]
PROSPERS Act Preserve Rights Of States and Political subdivisions to Encourage Retirement Savings Act This bill amends the Employee Retirement Income Security Act of 1974 (ERISA) to specify that states and certain political subdivisions may establish and administer voluntary payroll deduction retirement savings programs for private sector employees that are not considered employee pension benefit plans or pension plans covered by ERISA if the plans meet certain requirements. The bill requires the plans to be established, implemented, and administered
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Sponsored by: Sen. Dianne Feinstein
Read Twice And Referred To The Committee On Health, Education, Labor, And Pensions. on 05/03/2017
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To amend the Internal Revenue Code of 1986 for purposes of the tax on private foundation excess business holdings to treat as outstanding any employee-owned stock purchased by a business enterprise pursuant to certain employee stock ownership retirement plans. [HB-2293]
[Taxes ]
[Labor, Jobs, Employment ]
[Retirement ]
[Small Business ]
To amend the Internal Revenue Code of 1986 for purposes of the tax on private foundation excess business holdings to treat as outstanding any employee-owned stock purchased by a business enterprise pursuant to certain employee stock ownership retirement plans. This bill amends the Internal Revenue Code to exclude certain purchases of employee-owned stock from being considered as outstanding voting stock for the purpose of the tax on excess business holdings of a private foundation in a business enterprise. The bill applies to any voting stock that
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Sponsored by: Rep. Alcee Hastings
Introduced In House on 05/02/2017
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To amend the Internal Revenue Code of 1986 to clarify the treatment of certain retirement plan contributions picked up by governmental employers. [HB-2187]
[Taxes ]
[Retirement ]
[Pensions ]
[Labor, Jobs, Employment ]
To amend the Internal Revenue Code of 1986 to clarify the treatment of certain retirement plan contributions picked up by governmental employers. This bill amends the Internal Revenue Code to permit the treatment of certain employer contributions made to public retirement plans as picked up by a governmental employing unit regardless of whether the participating employee is allowed to make an irrevocable election between the application of two alternative benefit formulas involving the same or different levels of employee contributions.
Sponsored by: Rep. David Roe
Introduced In House on 04/27/2017
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Protection of Social Security Benefits Restoration Act [S.959]
[Social Security ]
[Senior Citizens ]
Protection of Social Security Benefits Restoration Act This bill amends title II (Old Age, Survivors and Disability Insurance) of the Social Security Act to prohibit the application of, and repeal authority for, administrative offsets to Social Security, railroad retirement, and black lung benefits. (An administrative offset is the withholding of funds payable by or held by the United States to satisfy a debt.)
Sponsored by: Sen. Dianne Feinstein
Read Twice And Referred To The Committee On Finance. (sponsor Introductory Remarks On Measure: Cr S2618; Text Of Measure As Introduced: Cr S2618-2619) on 04/27/2017
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Making further continuing appropriations for fiscal year 2017, and for other purposes. [HJR-99]
[Budget and Spending ]
[Healthcare ]
[Mining ]
[Veterans ]
Making further continuing appropriations for fiscal year 2017, and for other purposes. This joint resolution amends the Continuing Appropriations Act, 2017 to provide continuing FY2017 appropriations for most federal agencies through the earlier of May 5, 2017, or the enactment of the applicable appropriations legislation. It is commonly referred to as a continuing resolution (CR) and prevents a partial government shutdown that would otherwise occur after the existing CR expires on April 28, 2017, because 11 of the 12 FY2017 regular appropriations
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Sponsored by: Rep. Rodney Frelinghuysen
Rule H. Res. 289 Passed House. on 04/28/2017
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Taxpayer Protection Act of 2017 [HB-2171]
[Taxes ]
[Budget and Spending ]
[Funding ]
[Consumer Protection ]
Taxpayer Protection Act of 2017 This bill amends the Internal Revenue Code to establish additional requirements and procedures for collecting taxes, regulating tax preparers, responding to identity theft, and assisting low-income taxpayers. The bill repeals the authority of the Internal Revenue Service (IRS) to contract with private companies to collect federal tax debts. It also excludes from the gross income of an individual up to $10,000 of income from the discharge of a debt over the individual's lifetime. The bill requires the statute of limitations
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Sponsored by: Rep. Earl Blumenauer
Introduced In House on 04/26/2017
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SEAL Act Shrinking Emergency Account Losses Act of 2017 [S.940]
[Labor, Jobs, Employment ]
[Taxes ]
[Retirement ]
[Unemployment ]
SEAL Act Shrinking Emergency Account Losses Act of 2017 This bill amends the Internal Revenue Code, with respect to loans made from a qualified employer plan, to: (1) extend the period for repayment of loans if a plan terminates or a plan participant becomes unemployed, and (2) prohibit qualified employer plans from making loans using credit cards or any other similar arrangement. The bill also requires the Department of the Treasury to modify regulations governing hardship distributions from qualified employer plans to allow participants to make
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Sponsored by: Sen. Michael Enzi
Read Twice And Referred To The Committee On Finance. on 04/25/2017
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Right Start Child Care and Education Act of 2017 [HB-2140]
[Taxes ]
[Labor, Jobs, Employment ]
[Children and Youth ]
[Education ]
[Small Business ]
[Budget and Spending ]
[Healthcare ]
[Family-Related Legislation ]
Right Start Child Care and Education Act of 2017 This bill amends the Internal Revenue Code to: (1) increase the rates and maximum allowable amount of the tax credit for employer-provided child care facilities; (2) increase the eligibility threshold amount and rate of the household and dependent care tax credit and make such credit refundable; (3) allow a new $2,000 tax credit for child care providers who hold a bachelor's degree in early childhood education, child care, or a related degree and who provide at least 1,200 hours of child care services
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Sponsored by: Rep. C.A. Ruppersberger
Introduced In House on 04/25/2017
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Multi-Employer Pension Plan Partnership Act of 2017 [HB-2117]
[Pensions ]
[Retirement ]
[Labor, Jobs, Employment ]
Multi-Employer Pension Plan Partnership Act of 2017 This bill amends the Employee Retirement Income Security Act of 1974 (ERISA) to permit multiemployer pension plans that are in critical status and not expected to emerge from the status by the end of the rehabilitation period to adopt rules to forestall or avoid insolvency by revising the plan's terms and conditions for computing an employer's withdrawal liability. Any such rule becomes effective 90 days after adoption unless the corporation disapproves it before the end of the 90-day period (subject
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Sponsored by: Rep. Bill Pascrell
Introduced In House on 04/25/2017
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Promotion and Expansion of Private Employee Ownership Act of 2017 [HB-2092]
[Taxes ]
[Small Business ]
[Labor, Jobs, Employment ]
[Economic Development ]
Promotion and Expansion of Private Employee Ownership Act of 2017 This bill amends the Internal Revenue Code to: (1) extend to all domestic corporations, including S corporations, provisions allowing deferral of tax on gain from the sale of employer securities to an S corporation-sponsored employee stock ownership plan (ESOP); and (2) allow a tax deduction for 50% of the interest incurred on loans to S corporation-sponsored ESOPs for the purchase of employer securities. The Department of the Treasury must establish the S Corporation Employee Ownership
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Sponsored by: Rep. Janice Schakowsky
Introduced In House on 04/12/2017
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SMART Act Simplified, Manageable, And Responsible Tax Act [S.893]
[Taxes ]
[Budget and Spending ]
[Pensions ]
[Retirement ]
SMART Act Simplified, Manageable, And Responsible Tax Act This bill amends the Internal Revenue Code to replace the marginal income tax rates with a single rate of 17% on individual taxable income. The bill redefines "taxable income" to mean the amount by which wages, retirement distributions, and unemployment compensation exceed the standard deduction. It also: increases the basic standard deduction, includes an additional standard deduction for dependents, and includes the taxable income of each dependent child under the age of 14 in an individual's
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Sponsored by: Sen. Richard Shelby
Read Twice And Referred To The Committee On Finance. on 04/07/2017
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TSP Modernization Act of 2017 [S.873]
[Pensions ]
[Retirement ]
TSP Modernization Act of 2017
Sponsored by: Sen. Rob Portman
Committee On Homeland Security And Governmental Affairs. Ordered To Be Reported Without Amendment Favorably. on 07/26/2017