No Taxpayer Bailouts for Unsustainable State and Local Pensions Act
Latest action · Nov 16, 2015 Referred to the Subcommittee on Health, Employment, Labor, and Pensions.
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.
- IntroducedMar 19, 2015
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
No Taxpayer Bailouts for Unsustainable State and Local Pensions Act
This bill prohibits the Secretary of the Treasury and the Board of Governors of the Federal Reserve System from providing loans, grants, or other forms of financial assistance to state and local government pension plan funds.
Cosponsors 22
Members who signed on, in the order they did. Signatures ran from Mar 19, 2015 to Jun 25, 2015; 1 is an original cosponsor, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-CA | Tom McClintock | Original | Mar 19, 2015 |
| R-FL | Bill Posey | Mar 25, 2015 | |
| R-TN | David P. Roe | Mar 25, 2015 | |
| R-PA | Joseph R. Pitts | Mar 25, 2015 | |
| R-AL | Mo Brooks | Mar 25, 2015 | |
| R-TX | Randy K. Weber, Sr. | Mar 25, 2015 | |
| R-FL | Ted S. Yoho | Mar 25, 2015 | |
| R-OH | Bob Gibbs | Apr 15, 2015 | |
| R-WY | Cynthia M. Lummis | Apr 15, 2015 | |
| R-LA | John Fleming | Apr 15, 2015 | |
| R-TX | John Ratcliffe | Apr 15, 2015 | |
| R-TX | Kenny Marchant | Apr 15, 2015 | |
| R-SC | Tom Rice | Apr 15, 2015 | |
| R-AZ | Trent Franks | Apr 15, 2015 | |
| R-AL | Gary J. Palmer | Apr 16, 2015 | |
| R-AZ | Paul A. Gosar | Apr 16, 2015 | |
| R-AR | Bruce Westerman | Apr 21, 2015 | |
| R-OK | Markwayne Mullin | Apr 21, 2015 | |
| R-FL | Daniel Webster | Apr 30, 2015 | |
| R-TX | Pete Olson | Apr 30, 2015 | |
| R-TX | Randy Neugebauer | May 14, 2015 | |
| R-AZ | David Schweikert | Jun 25, 2015 |
Committees 2
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Education and Workforce Committee | Referred Mar 19, 2015 |
| Health, Employment, Labor, and Pensions Subcommittee | Referred Nov 16, 2015 | |
| House | Financial Services Committee | Referred Mar 19, 2015 |
Actions 3
Everything that happened, newest first.
- Nov 16, 2015Referred to the Subcommittee on Health, Employment, Labor, and Pensions.
- Mar 19, 2015Introduced in House
- Mar 19, 2015Referred to the Committee on Education and the Workforce, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
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.
Constitutional authority
The sponsor’s statement, as printed in the Congressional Record, vol. 161, no. 47, March 19, 2015, page H1804.
CRS reports 1
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 1
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| R44146 | The Demand for Municipal Bonds: Issues for Congress Archived | Report | Aug 14, 2015 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To prohibit the Secretary of the Treasury and the Board of Governors of the Federal Reserve System from providing bailouts or other financial assistance to a pension plan of a State or political subdivision thereof, and for other purposes.
- Short Titles as Introduced
- No Taxpayer Bailouts for Unsustainable State and Local Pensions Act
Subjects
Assigned by the Library of Congress. Policy area: Labor and Employment.
Text 1
Each version as it was printed, newest first.
- Mar 19, 2015Introduced 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.
