HR 1124 · 115th Congress 2017–2019, ended

State and Local Pensions Accountability and Security Act

Latest action · Feb 16, 2017 Referred 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.

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. IntroducedFeb 16, 2017
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

State and Local Pensions Accountability and Security Act

This bill prohibits the Department of the Treasury and the Federal Reserve Board from providing any loan, grant, or other form of financial assistance in support of a state or local pension plan.

Cosponsors 9

Members who signed on, in the order they did. Signatures ran from Feb 16, 2017 to Oct 6, 2017; 1 is an original cosponsor, there from the day it was introduced.

SeatCosponsorSigned on
R-CATom McClintockOriginalFeb 16, 2017
R-TNDavid P. RoeJun 27, 2017
R-GAJody B. HiceJul 13, 2017
R-SCRalph NormanJul 13, 2017
R-TXBill FloresJul 25, 2017
R-MEBruce PoliquinJul 25, 2017
R-FLDaniel WebsterSep 11, 2017
R-ARBruce WestermanSep 13, 2017
R-TXJohn RatcliffeOct 6, 2017

Committees 2

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

ChamberCommitteeWhat it did
HouseEducation and Workforce Committee
Referred Feb 16, 2017
HouseFinancial Services Committee
Referred Feb 16, 2017

Actions 2

Everything that happened, newest first.

  1. Feb 16, 2017Introduced in House
  2. Feb 16, 2017Referred 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

Congress has the power to enact this legislation pursuant to the following: Article I, Section 9, clause 7, which states that, ``No money shall be drawn from the Treasury, but in consequence of appropriations made by the law.'

The sponsor’s statement, as printed in the Congressional Record, vol. 163, no. 28, February 16, 2017, page H1304.

Related bills 1

Companion bills and other measures the record links to this one.

BillTitleRelationshipLatest action
HR 2126State and Local Pensions Accountability and Security ActReintroduced BillApr 8, 2019

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
State and Local Pensions Accountability and Security Act

Subjects

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

Text 1

Each version as it was printed, newest first.

  1. Feb 16, 2017Introduced 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.