3.0.0 3561 2019-11-15T21:01:57Z 2019-11-15T21:01:57Z House H HR 2011-12-05 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. KIND:H.R. 3561.Congress has the power to enact this legislation pursuantto the following:This bill is enacted pursuant to the power granted toCongress under Article I, Section 8 of the United StatesConstitution.[Page H8135]]]> hsed00 Education and the Workforce Committee House Standing hsed02 Health, Employment, Labor, and Pensions Subcommittee Referred to 2012-03-29T18:44:15Z Referred to 2011-12-05T17:00:40Z hswm00 Ways and Means Committee House Standing Referred to 2011-12-05T17:00:35Z 2012-03-29 hsed02 Health, Employment, Labor, and Pensions Subcommittee 1 House committee actions Referred to the Subcommittee on Health, Employment, Labor, and Pensions. Committee 2011-12-05 Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, 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. IntroReferral H11100 2 House floor actions hsed00 Education and the Workforce Committee 2011-12-05 Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, 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. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2011-12-05 Introduced in House IntroReferral Intro-H 9 Library of Congress 2011-12-05 Introduced in House IntroReferral 1000 9 Library of Congress K000188 Rep. Kind, Ron [D-WI-3] RON KIND D WI 3 N G000549 Rep. Gerlach, Jim [R-PA-6] Jim Gerlach R PA 6 2011-12-05 True N000015 Rep. Neal, Richard E. [D-MA-2] RICHARD NEAL D MA E. 2 2011-12-05 True W000799 Rep. Walz, Timothy J. [D-MN-1] Timothy Walz D MN J. 1 2012-02-28 False M001160 Rep. Moore, Gwen [D-WI-4] Gwen Moore D WI 4 2012-04-17 False B001230 Rep. Baldwin, Tammy [D-WI-2] Tammy Baldwin D WI 2 2012-04-17 False Taxation Accounting and auditing Administrative law and regulatory procedures Department of the Treasury Employee benefits and pensions Income tax deductions Internal Revenue Service (IRS) Sales and excise taxes Self-employed Wages and earnings Taxation 00 2011-12-05 Introduced in House 2012-01-18T22:37:28Z Small Business Pension Promotion Act of 2011 - Authorizes the Secretary of the Treasury to take steps to address any significant and broadly applicable decrease in the value of investments held by defined contribution plans and individual retirement accounts (IRAs), including by allowing: (1) taxpayers to use a later asset valuation date than otherwise required, and (2) additional time for making distributions from such plans and accounts.

Amends the Internal Revenue Code to: (1) allow a deduction in computing the net earnings from self-employment income for pension and IRA contributions, (2) allow a determination of the adjusted funding target attainment percentage for tax-exempt retirement plans without regard to the reduction for credit balances for funding-based limits on benefits under single employer plans, (3) repeal the excise tax on nondeductible contributions to qualified employer plans, and (4) provide a  special rule for determining normal retirement age for certain existing defined benefit plans. Makes conforming amendments to the Employee Retirement Income Security Act (ERISA).

Requires the Secretary to revise administrative rules governing interim amendments of qualified pension plans to provide greater flexibility and reduce plan sponsor burden.

]]> Small Business Pension Promotion Act of 2011 Short Titles as Introduced Small Business Pension Promotion Act of 2011 Display Title Small Business Pension Promotion Act of 2011 Official Title as Introduced To amend the Internal Revenue Code of 1986 and the Employee Retirement Income Security Act of 1974 to reduce administrative burdens and encourage retirement plan formation and retention. Introduced in House 2011-12-05T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr3561ih/xml/BILLS-112hr3561ih.xml 2012-03-29 Referred to the Subcommittee on Health, Employment, Labor, and Pensions. text/xml EN 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. Congressional Research Service, Library of Congress 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.