Retirement Security for Life Act of 2005
Latest action · Feb 15, 2005 Referred to the House Committee on Ways and Means.
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.
- IntroducedFeb 15, 2005
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Retirement Security for Life Act of 2005 - Amends the Internal Revenue Code to allow an exclusion from gross income for 50 percent of the amount otherwise includible in gross income as guaranteed payments from certain annuity or life insurance contracts. Limits the amount of such exclusion to $20,000 in any taxable year. Provides for an inflation adjustment of the $20,000 limitation beginning in 2007.
Cosponsors 79
Members who signed on, in the order they did. Signatures ran from Feb 15, 2005 to Sep 28, 2006; 14 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-TN | Bart Gordon | Original | Feb 15, 2005 |
| R-MN | Jim Ramstad | Original | Feb 15, 2005 |
| D-CT | John B. Larson | Original | Feb 15, 2005 |
| D-TN | John S. Tanner | Original | Feb 15, 2005 |
| R-PA | Melissa A. Hart | Original | Feb 15, 2005 |
| D-NY | Michael R. McNulty | Original | Feb 15, 2005 |
| R-PA | Phil English | Original | Feb 15, 2005 |
| R-CT | Rob Simmons | Original | Feb 15, 2005 |
| D-NJ | Robert E. Andrews | Original | Feb 15, 2005 |
| R-KY | Ron Lewis | Original | Feb 15, 2005 |
| R-TX | Ron Paul | Original | Feb 15, 2005 |
| R-TX | Sam Johnson | Original | Feb 15, 2005 |
| D-OH | Stephanie Tubbs Jones | Original | Feb 15, 2005 |
| D-LA | William J. Jefferson | Original | Feb 15, 2005 |
| D-IL | Rahm Emanuel | Feb 17, 2005 | |
| R-OH | Deborah Pryce | Mar 1, 2005 | |
| R-VA | Bob Goodlatte | Mar 8, 2005 | |
| R-NY | John R. "Randy" Kuhl Jr. | Mar 10, 2005 | |
| R-NE | Lee Terry | Mar 10, 2005 | |
| R-CT | Christopher Shays | Mar 15, 2005 | |
| D-CA | Mike Thompson | Mar 15, 2005 | |
| R-MT | Denny Rehberg | Apr 5, 2005 | |
| D-NY | Nydia M. Velázquez | Apr 5, 2005 | |
| D-CT | Rosa L. DeLauro | Apr 5, 2005 | |
| R-FL | Tom Feeney | Apr 5, 2005 | |
| D-MN | Collin C. Peterson | Apr 13, 2005 | |
| R-MN | Gil Gutknecht | Apr 13, 2005 | |
| R-FL | Ileana Ros-Lehtinen | Apr 13, 2005 | |
| R-NY | Sue W. Kelly | Apr 13, 2005 | |
| R-IL | Timothy V. Johnson | Apr 13, 2005 | |
| R-IN | Chris Chocola | Apr 26, 2005 | |
| D-WA | Jim McDermott | Apr 26, 2005 | |
| R-FL | Mark Foley | Apr 26, 2005 | |
| R-CA | Howard P. "Buck" McKeon | Apr 28, 2005 | |
| D-NC | Mike McIntyre | Apr 28, 2005 | |
| D-NY | Steve Israel | Apr 28, 2005 | |
| R-IA | Tom Latham | Apr 28, 2005 | |
| D-MI | Bart Stupak | May 4, 2005 | |
| R-MI | Peter Hoekstra | May 4, 2005 | |
| R-OK | Tom Cole | May 4, 2005 | |
| R-MI | Joe Knollenberg | May 5, 2005 | |
| R-MI | Mike Rogers | May 5, 2005 | |
| D-NY | Joseph Crowley | May 10, 2005 | |
| R-NY | Sherwood Boehlert | May 11, 2005 | |
| R-CA | John T. Doolittle | May 17, 2005 | |
| R-IN | Mark E. Souder | May 19, 2005 | |
| D-ME | Michael H. Michaud | May 19, 2005 | |
| R-IL | Jerry Weller | May 25, 2005 | |
| R-IA | Jim Nussle | May 25, 2005 | |
| R-IA | James A. Leach | May 26, 2005 | |
| R-VA | Eric Cantor | Jun 9, 2005 | |
| R-GA | John Linder | Jun 15, 2005 | |
| R-TX | Kevin Brady | Jun 21, 2005 | |
| R-NY | Peter T. King | Jun 24, 2005 | |
| R-IL | Judy Biggert | Jul 20, 2005 | |
| D-MA | Richard E. Neal | Jul 26, 2005 | |
| D-WV | Nick J. Rahall II | Jul 27, 2005 | |
| R-WI | Paul D. Ryan | Sep 13, 2005 | |
| R-MO | Roy Blunt | Sep 13, 2005 | |
| D-TX | Gene Green | Sep 15, 2005 | |
| D-CA | Zoe Lofgren | Sep 21, 2005 | |
| R-TX | K. Michael Conaway | Sep 22, 2005 | |
| R-IL | Ray LaHood | Sep 22, 2005 | |
| R-FL | Ginny Brown-Waite | Sep 28, 2005 | |
| D-CA | Xavier Becerra | Dec 6, 2005 | |
| D-AZ | Ed Pastor | Feb 14, 2006 | |
| R-MN | John Kline | Feb 14, 2006 | |
| D-MD | C. A. Dutch Ruppersberger | Mar 16, 2006 | |
| R-FL | Lincoln Diaz-Balart | Mar 16, 2006 | |
| R-PA | Jim Gerlach | May 2, 2006 | |
| R-LA | Richard H. Baker | May 2, 2006 | |
| D-NV | Shelley Berkley | May 2, 2006 | |
| R-IN | Mike Pence | May 10, 2006 | |
| R-WV | Shelley Moore Capito | May 10, 2006 | |
| R-MN | Mark R. Kennedy | May 23, 2006 | |
| D-NY | Carolyn B. Maloney | Jun 12, 2006 | |
| R-LA | Charles W. Boustany, Jr. | Jul 26, 2006 | |
| R-CA | John Campbell | Sep 25, 2006 | |
| R-LA | Rodney Alexander | Sep 28, 2006 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Ways and Means Committee | Referred Feb 15, 2005 |
Actions 2
Everything that happened, newest first.
- Feb 15, 2005Introduced in House
- Feb 15, 2005Referred to the House Committee on Ways and Means.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Printed hearings 1
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| Serial No. 109-18 | THE RETIREMENT POLICY CHALLENGES AND OPPORTUNITIES OF OUR AGING SOCIETY127 pages | Ways and Means Committee | May 19, 2005 |
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 381 | Retirement Security for Life Act of 2005 | Related bill | Feb 15, 2005 |
| HR 3912 | Flexible Retirement Security for Life Act of 2005 | Related bill | Sep 27, 2005 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Internal Revenue Code of 1986 to encourage guaranteed lifetime income payments from annuities and similar payments of life insurance proceeds at dates later than death by excluding from income a portion of such payments.
- Short Titles as Introduced
- Retirement Security for Life Act of 2005
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Feb 15, 2005Introduced in House
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.