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    <number>1550</number>
    <updateDate>2023-01-15T06:17:46Z</updateDate>
    <updateDateIncludingText>2023-01-15T06:17:46Z</updateDateIncludingText>
    <originChamber>Senate</originChamber>
    <originChamberCode>S</originChamberCode>
    <type>S</type>
    <introducedDate>2003-07-31</introducedDate>
    <congress>108</congress>
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        <name>Finance Committee</name>
        <chamber>Senate</chamber>
        <type>Standing</type>
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            <name>Referred to</name>
            <date>2003-08-01T03:12:20Z</date>
          </item>
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    <actions>
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        <actionDate>2003-07-31</actionDate>
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            <systemCode>ssfi00</systemCode>
            <name>Finance Committee</name>
          </item>
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        <sourceSystem>
          <name>Senate</name>
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        <text>Read twice and referred to the Committee on Finance.</text>
        <type>IntroReferral</type>
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      <item>
        <actionDate>2003-07-31</actionDate>
        <text>Sponsor introductory remarks on measure. (CR S10683)</text>
        <type>IntroReferral</type>
        <actionCode>B00100</actionCode>
        <sourceSystem>
          <code>9</code>
          <name>Library of Congress</name>
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      <item>
        <actionDate>2003-07-31</actionDate>
        <text>Introduced in Senate</text>
        <type>IntroReferral</type>
        <actionCode>10000</actionCode>
        <sourceSystem>
          <code>9</code>
          <name>Library of Congress</name>
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    <sponsors>
      <item>
        <bioguideId>G000445</bioguideId>
        <fullName>Sen. Gregg, Judd [R-NH]</fullName>
        <firstName>Judd</firstName>
        <lastName>Gregg</lastName>
        <party>R</party>
        <state>NH</state>
        <isByRequest>N</isByRequest>
      </item>
    </sponsors>
    <cosponsors>
      <item>
        <bioguideId>E000285</bioguideId>
        <fullName>Sen. Enzi, Michael B. [R-WY]</fullName>
        <firstName>MICHAEL</firstName>
        <lastName>ENZI</lastName>
        <party>R</party>
        <state>WY</state>
        <middleName>B.</middleName>
        <sponsorshipDate>2003-09-09</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
    </cosponsors>
    <policyArea>
      <name>Labor and Employment</name>
    </policyArea>
    <subjects>
      <legislativeSubjects>
        <item>
          <name>Accounting</name>
        </item>
        <item>
          <name>Administrative procedure</name>
        </item>
        <item>
          <name>Bonds</name>
        </item>
        <item>
          <name>Collective bargaining</name>
        </item>
        <item>
          <name>Commerce</name>
        </item>
        <item>
          <name>Congress</name>
        </item>
        <item>
          <name>Congressional reporting requirements</name>
        </item>
        <item>
          <name>Corporate finance</name>
        </item>
        <item>
          <name>Defined benefit pension plans</name>
        </item>
        <item>
          <name>Department of the Treasury</name>
        </item>
        <item>
          <name>Federal advisory bodies</name>
        </item>
        <item>
          <name>Finance and Financial Sector</name>
        </item>
        <item>
          <name>Government Operations and Politics</name>
        </item>
        <item>
          <name>Government securities</name>
        </item>
        <item>
          <name>Governmental investigations</name>
        </item>
        <item>
          <name>Insurance premiums</name>
        </item>
        <item>
          <name>Interest rates</name>
        </item>
        <item>
          <name>Investments</name>
        </item>
        <item>
          <name>Law</name>
        </item>
        <item>
          <name>Legislation</name>
        </item>
        <item>
          <name>Pension funds</name>
        </item>
        <item>
          <name>Pension trust guaranty insurance</name>
        </item>
        <item>
          <name>Valuation</name>
        </item>
      </legislativeSubjects>
      <policyArea>
        <name>Labor and Employment</name>
      </policyArea>
    </subjects>
    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2003-07-31</actionDate>
        <actionDesc>Introduced in Senate</actionDesc>
        <updateDate>2003-10-02T21:30:15Z</updateDate>
        <text><![CDATA[ <p> Pension Stability Act - Amends the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code to replace the 30-year Treasury rate with a rate based on conservatively invested long-term corporate bonds for certain pension plan funding requirements. Sets forth rules for phasing in such new interest rate.</p> <p>Establishes the Commission on Defined Benefit Pension Plans. </p>]]></text>
      </summary>
    </summaries>
    <title>Pension Stability Act</title>
    <titles>
      <item>
        <titleType>Display Title</titleType>
        <title>Pension Stability Act</title>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>A bill to change the 30-year treasury bond rate to a composite corporate rate, and to establish a commission on defined benefit plans.</title>
        <billTextVersionName>Introduced in Senate</billTextVersionName>
        <billTextVersionCode>IS</billTextVersionCode>
      </item>
      <item>
        <titleType>Short Titles as Introduced</titleType>
        <title>Pension Stability Act</title>
      </item>
    </titles>
    <textVersions>
      <item>
        <type>Introduced in Senate</type>
        <date>2003-07-31T04:00:00Z</date>
        <formats/>
      </item>
    </textVersions>
    <latestAction>
      <actionDate>2003-07-31</actionDate>
      <text>Read twice and referred to the Committee on Finance.</text>
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    <dc:language>EN</dc:language>
    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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