Vested Employee Pension Benefit Protection Act
Latest action · Jul 25, 2019 Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, 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.
- IntroducedJul 25, 2019
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Vested Employee Pension Benefit Protection Act
This bill amends the Internal Revenue Code to allow employees in the building and construction industry who have attained age 55 and are not separated from employment to make distributions from certain tax-exempt multiemployer pension plans if they were participants in such plan on or before April 30, 2013. Such payments shall be suspended during any period in which the multiemployer pension plan is in endangered or critical status.
Cosponsors 6
Members who signed on, in the order they did. Signatures ran from Jul 25, 2019 to Aug 13, 2019; 4 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-IL | John Shimkus | Original | Jul 25, 2019 |
| R-IL | Mike Bost | Original | Jul 25, 2019 |
| R-IL | Rodney Davis | Original | Jul 25, 2019 |
| D-MO | Wm. Lacy Clay | Original | Jul 25, 2019 |
| R-MO | Billy Long | Aug 13, 2019 | |
| R-MO | Vicky Hartzler | Aug 13, 2019 |
Committees 2
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 Jul 25, 2019 |
| House | Education and Workforce Committee | Referred Jul 25, 2019 |
Actions 2
Everything that happened, newest first.
- Jul 25, 2019Introduced in House
- Jul 25, 2019Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, 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. 165, no. 126, July 25, 2019, page H7470.
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 2276 | Vested Employee Pension Benefit Protection Act | Related bill | Jul 25, 2019 |
| HR 3648 | Vested Employee Pension Benefit Protection Act | Reintroduction of | Aug 11, 2017 |
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 protect employees in the building and construction industry who are participants in multiemployer plans, and for other purposes.
- Short Title(s) as Introduced
- Vested Employee Pension Benefit Protection Act
Subjects
Assigned by the Library of Congress. Policy area: Taxation.
Text 1
Each version as it was printed, newest first.
- Jul 25, 2019Introduced 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.
