Pension and Budget Integrity Act of 2017
- Last Action
- 2/1/2017
Actions
- 2017-02-01Read twice and referred to the Committee on the Budget.
- 2017-02-01Introduced in Senate
CRS Summary
As of 2017-02-01 (00)
Pension and Budget Integrity Act of 2017
This bill prohibits provisions that increase or extend an increase of Pension Benefit Guaranty Corporation (PBGC) premiums from being counted as an offset to determine budget points of order for legislation in the House or the Senate.
(The PBGC is a federal agency that insures the benefits of private sector, defined benefit pension plans. The PBGC is financed by insurance premiums paid by sponsors of the plans, investment income, assets from pension plans taken over by the PBGC, and recoveries from the companies formerly responsible for the plans. This bill prevents increases in PBGC premiums from being used to pay for provisions that increase the deficit in determining whether a budget point of order applies to legislation.)
Cosponsors (3)
- Lamar Alexander (R-TN)
- Rob Portman (R-OH)
- Johnny Isakson (R-GA)
Subjects
- Budget process
- Employee benefits and pensions
- Executive agency funding and structure
- Government corporations and government-sponsored enterprises
- Legislative rules and procedure
- Pension Benefit Guaranty Corporation
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.