A bill to allow employees of a commercial passenger airline carrier who receive payments in a bankruptcy proceeding to roll over such payments into an individual retirement plan, and for other purposes.
Latest action · Dec 18, 2007 Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S15919-15920)
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.
- IntroducedDec 18, 2007
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Allows employees of commercial passenger airlines who receive payments from a bankruptcy case filed between September 11, 2001, and January 1, 2007, as compensation for lost pension plan benefits to rollover such payments into an individual retirement account (IRA), except for a Roth IRA, without tax or tax penalty.
Cosponsors 14
Members who signed on, in the order they did. Signatures ran from Feb 26, 2008 to Sep 8, 2008.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-UT | Orrin G. Hatch | Feb 26, 2008 | |
| R-GA | Saxby Chambliss | Feb 26, 2008 | |
| R-GA | Johnny Isakson | Feb 27, 2008 | |
| D-SD | Tim Johnson | Mar 12, 2008 | |
| D-MD | Benjamin L. Cardin | Mar 31, 2008 | |
| D-MI | Debbie Stabenow | Apr 15, 2008 | |
| R-NH | Judd Gregg | Apr 15, 2008 | |
| D-MI | Carl Levin | May 13, 2008 | |
| D-MA | John F. Kerry | Jun 24, 2008 | |
| R-KY | Jim Bunning | Jun 25, 2008 | |
| R-ME | Olympia J. Snowe | Jul 16, 2008 | |
| R-MN | Norm Coleman | Jul 23, 2008 | |
| D-CT | Christopher J. Dodd | Jul 29, 2008 | |
| D-MN | Amy Klobuchar | Sep 8, 2008 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Finance Committee | Referred Dec 18, 2007 |
Actions 3
Everything that happened, newest first.
- Dec 18, 2007Introduced in Senate
- Dec 18, 2007Sponsor introductory remarks on measure. (CR S15919)
- Dec 18, 2007Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S15919-15920)
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 |
|---|---|---|---|
| Senate | Debate and remarks S15919Text printed S15919Summaries S15920 | Maria Cantwell D-WA (text) | Dec 18, 2007 |
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HR 4061 | To allow employees of a commercial passenger airline carrier who receive payments in a bankruptcy proceeding to roll over such payments into an individual retirement plan, and for other purposes. | Related bill | Nov 7, 2007 |
Titles 1
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to allow employees of a commercial passenger airline carrier who receive payments in a bankruptcy proceeding to roll over such payments into an individual retirement plan, and for other purposes.
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Dec 18, 2007Introduced in Senate
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.
