HR 2321 · 109th Congress 2005–2007, ended

Pension Security Disclosure Act of 2005

Introduced May 12, 2005 Originated House Sponsor Lloyd Doggett D-TX

Fact sheet Spreadsheet

Latest action · May 31, 2005 Referred to the Subcommittee on Employer-Employee Relations.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

  1. IntroducedMay 12, 2005
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Pension Security Disclosure Act of 2005 - Amends the Employee Retirement Income Security Act of 1974 (ERISA) to require the Pension Benefit Guaranty Corporation (PBGC) to disclose publicly certain information on the funding status of pension plans, through making it available: (1) for inspection at PBGC headquarters; (2) in written form upon request of a plan participant or beneficiary; and (3) on a PBGC website. Requires pension plan administrators to provide to each plan participant and beneficiary a written summary of material provided to the PBGC, and notification that such material is on the PBGC website.

Authorizes, only in cases of hardship, the Secretary of Labor to extend the deadline for a pension plan to file an annual report past 275 days after the close of the plan year. Requires actuarial valuations in an annual report to be determined as of the last date of the plan year. Directs the Secretary to display annual report information on a Department of Labor website. Requires such information also to be displayed on any website maintained by the plan sponsor or administrator on the sponsor's behalf.

Requires issuance of summary annual reports within 15 days after annual report filing. Requires such summaries to include disclosure of plan assets and liabilities and notification that certain annual report information is on the Department of Labor website and on a plan sponsor or administrator website. Authorizes the Secretary to prescribe simplified requirements for summary annual reports of pension plans covering less than 100 participants.

Cosponsors 54

Members who signed on, in the order they did. Signatures ran from May 12, 2005 to Jul 29, 2005; 51 are original cosponsors, there from the day it was introduced.

SeatCosponsorSigned on
D-FLAlcee L. HastingsOriginalMay 12, 2005
D-CABarbara LeeOriginalMay 12, 2005
I-VTBernard SandersOriginalMay 12, 2005
D-MNBetty McCollumOriginalMay 12, 2005
D-ILBobby L. RushOriginalMay 12, 2005
D-WABrian BairdOriginalMay 12, 2005
D-MICarolyn C. KilpatrickOriginalMay 12, 2005
D-NYCarolyn McCarthyOriginalMay 12, 2005
D-PAChaka FattahOriginalMay 12, 2005
D-MDChris Van HollenOriginalMay 12, 2005
D-FLCorrine BrownOriginalMay 12, 2005
D-MIDale E. KildeeOriginalMay 12, 2005
D-ILDanny K. DavisOriginalMay 12, 2005
D-ORDavid WuOriginalMay 12, 2005
D-CADiane E. WatsonOriginalMay 12, 2005
D-NYEdolphus TownsOriginalMay 12, 2005
D-CAFortney Pete StarkOriginalMay 12, 2005
D-TXGene GreenOriginalMay 12, 2005
D-CAGeorge MillerOriginalMay 12, 2005
D-CAHenry A. WaxmanOriginalMay 12, 2005
D-CAHilda L. SolisOriginalMay 12, 2005
D-ILJanice D. SchakowskyOriginalMay 12, 2005
D-NYJerrold NadlerOriginalMay 12, 2005
D-ILJesse L. Jackson, Jr.OriginalMay 12, 2005
D-WAJim McDermottOriginalMay 12, 2005
D-CAJoe BacaOriginalMay 12, 2005
D-MIJohn Conyers, Jr.OriginalMay 12, 2005
D-MAJohn F. TierneyOriginalMay 12, 2005
D-CAJuanita Millender-McDonaldOriginalMay 12, 2005
D-INJulia CarsonOriginalMay 12, 2005
D-ILLane EvansOriginalMay 12, 2005
D-CALoretta SanchezOriginalMay 12, 2005
D-CALucille Roybal-AllardOriginalMay 12, 2005
D-CALynn C. WoolseyOriginalMay 12, 2005
D-NYMajor R. OwensOriginalMay 12, 2005
D-OHMarcy KapturOriginalMay 12, 2005
D-NYMaurice D. HincheyOriginalMay 12, 2005
D-CAMichael M. HondaOriginalMay 12, 2005
D-HINeil AbercrombieOriginalMay 12, 2005
D-AZRaúl M. GrijalvaOriginalMay 12, 2005
D-CTRosa L. DeLauroOriginalMay 12, 2005
D-TXRuben HinojosaOriginalMay 12, 2005
D-TXSheila Jackson LeeOriginalMay 12, 2005
D-OHSherrod BrownOriginalMay 12, 2005
D-OHStephanie Tubbs JonesOriginalMay 12, 2005
D-CASusan A. DavisOriginalMay 12, 2005
D-OHTed StricklandOriginalMay 12, 2005
D-OHTim RyanOriginalMay 12, 2005
D-NYTimothy H. BishopOriginalMay 12, 2005
D-LAWilliam J. JeffersonOriginalMay 12, 2005
D-CAXavier BecerraOriginalMay 12, 2005
D-NYGary L. AckermanMay 25, 2005
D-CATom LantosMay 25, 2005
D-CODiana DeGetteJul 29, 2005

Committees 1

Where it was sent and what each committee and subcommittee did with it, in order.

ChamberCommitteeWhat it did
HouseEducation and Workforce Committee
Referred May 12, 2005
Health, Employment, Labor, and Pensions Subcommittee
Referred May 31, 2005

Actions 3

Everything that happened, newest first.

  1. May 31, 2005Referred to the Subcommittee on Employer-Employee Relations.
  2. May 12, 2005Introduced in House
  3. May 12, 2005Referred to the House Committee on Education and the Workforce.

Titles 2

Every title it has carried, official and short, at each stage.

Official Title as Introduced
To amend titles I and IV of the Employee Retirement Income Security Act of 1974 to improve disclosure of the funding status of pension plans.
Short Titles as Introduced
Pension Security Disclosure Act of 2005

Subjects

Assigned by the Library of Congress. Policy area: Labor and Employment.

Text 1

Each version as it was printed, newest first.

  1. May 12, 2005Introduced in House

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.