Retirement Security for Life Act of 2007
Latest action · May 8, 2007 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.
- IntroducedMay 8, 2007
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Retirement Security for Life Act of 2007 - 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 2009.
Cosponsors 79
Members who signed on, in the order they did. Signatures ran from May 8, 2007 to Oct 3, 2008; 29 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-PA | Allyson Y. Schwartz | Original | May 8, 2007 |
| D-AL | Artur Davis | Original | May 8, 2007 |
| D-TN | Bart Gordon | Original | May 8, 2007 |
| D-CT | Christopher Murphy | Original | May 8, 2007 |
| R-CT | Christopher Shays | Original | May 8, 2007 |
| R-IN | Dan Burton | Original | May 8, 2007 |
| R-OH | Deborah Pryce | Original | May 8, 2007 |
| R-VA | Eric Cantor | Original | May 8, 2007 |
| R-FL | Ginny Brown-Waite | Original | May 8, 2007 |
| R-FL | Ileana Ros-Lehtinen | Original | May 8, 2007 |
| R-PA | Jim Gerlach | Original | May 8, 2007 |
| R-MN | Jim Ramstad | Original | May 8, 2007 |
| D-CT | Joe Courtney | Original | May 8, 2007 |
| D-CT | John B. Larson | Original | May 8, 2007 |
| R-NV | Jon C. Porter | Original | May 8, 2007 |
| D-NY | Joseph Crowley | Original | May 8, 2007 |
| R-IL | Judy Biggert | Original | May 8, 2007 |
| R-NE | Lee Terry | Original | May 8, 2007 |
| R-IN | Mike Pence | Original | May 8, 2007 |
| R-PA | Phil English | Original | May 8, 2007 |
| D-IL | Rahm Emanuel | Original | May 8, 2007 |
| D-NJ | Robert E. Andrews | Original | May 8, 2007 |
| R-KY | Ron Lewis | Original | May 8, 2007 |
| R-TX | Ron Paul | Original | May 8, 2007 |
| D-CT | Rosa L. DeLauro | Original | May 8, 2007 |
| R-TX | Sam Johnson | Original | May 8, 2007 |
| D-NV | Shelley Berkley | Original | May 8, 2007 |
| R-WV | Shelley Moore Capito | Original | May 8, 2007 |
| R-OK | Tom Cole | Original | May 8, 2007 |
| D-MD | C. A. Dutch Ruppersberger | May 17, 2007 | |
| R-CA | Howard P. "Buck" McKeon | May 17, 2007 | |
| R-CA | John Campbell | May 17, 2007 | |
| R-IN | Mark E. Souder | May 17, 2007 | |
| R-IL | Timothy V. Johnson | May 23, 2007 | |
| R-IA | Tom Latham | May 23, 2007 | |
| R-MI | Peter Hoekstra | Jun 5, 2007 | |
| R-LA | Charles W. Boustany, Jr. | Jun 6, 2007 | |
| D-IL | Danny K. Davis | Jun 14, 2007 | |
| R-PR | Luis G. Fortuno | Jun 15, 2007 | |
| R-MN | Michele Bachmann | Jun 27, 2007 | |
| D-SD | Stephanie Herseth Sandlin | Jun 27, 2007 | |
| D-WV | Nick J. Rahall II | Jul 11, 2007 | |
| D-CA | Zoe Lofgren | Jul 11, 2007 | |
| R-TX | Kevin Brady | Jul 12, 2007 | |
| D-WA | Jim McDermott | Jul 16, 2007 | |
| D-NY | Michael R. McNulty | Jul 19, 2007 | |
| R-MI | Mike Rogers | Jul 19, 2007 | |
| R-VA | J. Randy Forbes | Jul 24, 2007 | |
| R-MI | Tim Walberg | Jul 27, 2007 | |
| D-MI | Bart Stupak | Jul 31, 2007 | |
| R-MI | Dave Camp | Aug 3, 2007 | |
| D-NY | Yvette D. Clarke | Aug 3, 2007 | |
| R-ID | Bill Sali | Sep 6, 2007 | |
| D-NY | Carolyn B. Maloney | Oct 1, 2007 | |
| R-MI | Joe Knollenberg | Oct 2, 2007 | |
| R-MN | John Kline | Oct 3, 2007 | |
| R-IL | Ray LaHood | Oct 10, 2007 | |
| R-VA | Virgil H. Goode Jr. | Nov 14, 2007 | |
| D-CA | Mike Thompson | Dec 5, 2007 | |
| D-ME | Thomas H. Allen | Dec 13, 2007 | |
| R-NY | Peter T. King | Mar 13, 2008 | |
| D-TN | Steve Cohen | Mar 31, 2008 | |
| R-TN | John J. Duncan, Jr. | Apr 24, 2008 | |
| D-IN | André Carson | Apr 29, 2008 | |
| R-SC | Henry E. Brown, Jr. | Apr 29, 2008 | |
| D-CA | Joe Baca | Apr 29, 2008 | |
| R-NY | John R. "Randy" Kuhl Jr. | May 6, 2008 | |
| D-AZ | Ed Pastor | May 20, 2008 | |
| R-FL | Lincoln Diaz-Balart | Jun 10, 2008 | |
| R-MO | Roy Blunt | Jun 20, 2008 | |
| R-CA | Devin Nunes | Jul 9, 2008 | |
| R-AZ | John B. Shadegg | Jul 10, 2008 | |
| R-FL | Mario Diaz-Balart | Jul 10, 2008 | |
| R-CA | Brian P. Bilbray | Jul 14, 2008 | |
| D-AZ | Gabrielle Giffords | Jul 16, 2008 | |
| D-CA | Ellen O. Tauscher | Jul 22, 2008 | |
| R-GA | Tom Price | Jul 22, 2008 | |
| R-AZ | Trent Franks | Jul 29, 2008 | |
| R-IL | Peter J. Roskam | Oct 3, 2008 |
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 May 8, 2007 |
Actions 2
Everything that happened, newest first.
- May 8, 2007Introduced in House
- May 8, 2007Referred to the House Committee on Ways and Means.
In the Congressional Record 1
Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.
| Where | In the Record | Members | Date |
|---|---|---|---|
| House | Debate and remarks H1808 | Stephanie Tubbs Jones D-OH | Mar 31, 2008 |
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 1010 | Retirement Security for Life Act of 2007 | Related bill | Mar 28, 2007 |
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 2007
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- May 8, 2007Introduced 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.
