3.0.0 2844 2023-01-11T13:30:52Z 2023-01-11T13:30:52Z House HR 2015-06-19 114 [Congressional Record Volume 161, Number 99 (Friday, June 19, 2015)]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. KAPTUR:H.R. 2844.Congress has the power to enact this legislation pursuantto the following:Article I Section 8 clause 1--general welfare of the US[Page H4546]]]> hsed00 Education and the Workforce Committee House Standing hsed02 Health, Employment, Labor, and Pensions Subcommittee Referred to 2015-11-16T21:27:21Z Referred to 2015-06-19T16:00:18Z hsju00 Judiciary Committee House Standing hsju05 Administrative State, Regulatory Reform, and Antitrust Subcommittee Referred to 2015-07-09T20:49:42Z Referred to 2015-06-19T16:00:28Z hswm00 Ways and Means Committee House Standing Referred to 2015-06-19T16:00:23Z Keep Our Pension Promises Act 114 1631 S 2015-06-18 Read twice and referred to the Committee on Finance. Identical bill CRS 2015-11-16 hsed02 Health, Employment, Labor, and Pensions Subcommittee 1 House committee actions Referred to the Subcommittee on Health, Employment, Labor, and Pensions. Committee 2015-07-09 hsju05 Administrative State, Regulatory Reform, and Antitrust Subcommittee 1 House committee actions Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law. Committee 2015-06-19 Referred to the Committee on Education and the Workforce, and in addition to the Committees on Ways and Means, and the Judiciary, 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 hsju00 Judiciary Committee 2015-06-19 Referred to the Committee on Education and the Workforce, and in addition to the Committees on Ways and Means, and the Judiciary, 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 2015-06-19 Referred to the Committee on Education and the Workforce, and in addition to the Committees on Ways and Means, and the Judiciary, 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-A 9 Library of Congress 2015-06-19 Referred to the Committee on Education and the Workforce, and in addition to the Committees on Ways and Means, and the Judiciary, 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 2015-06-19 Sponsor introductory remarks on measure. (CR E936) IntroReferral B00100 9 Library of Congress 2015-06-19 Introduced in House IntroReferral Intro-H 9 Library of Congress 2015-06-19 Introduced in House IntroReferral 1000 9 Library of Congress K000009 Rep. Kaptur, Marcy [D-OH-9] MARCY KAPTUR D OH 9 N R000577 Rep. Ryan, Tim [D-OH-13] TIM RYAN D OH 13 2015-06-19 True E000288 Rep. Ellison, Keith [D-MN-5] Keith Ellison D MN 5 2015-06-19 True S001145 Rep. Schakowsky, Janice D. [D-IL-9] JANICE SCHAKOWSKY D IL D. 9 2015-06-19 True B001296 Rep. Boyle, Brendan F. [D-PA-13] Brendan Boyle D PA F. 13 2015-06-19 True H001034 Rep. Honda, Michael M. [D-CA-17] MICHAEL HONDA D CA M. 17 2015-06-19 True S000480 Rep. Slaughter, Louise McIntosh [D-NY-25] LOUISE SLAUGHTER D NY M. 25 2015-06-19 True M001160 Rep. Moore, Gwen [D-WI-4] Gwen Moore D WI 4 2015-06-25 False V000131 Rep. Veasey, Marc A. [D-TX-33] Marc Veasey D TX A. 33 2015-07-27 False M000404 Rep. McDermott, Jim [D-WA-7] JIM MCDERMOTT D WA 7 2015-07-27 False V000108 Rep. Visclosky, Peter J. [D-IN-1] PETER VISCLOSKY D IN J. 1 2015-09-09 False B001281 Rep. Beatty, Joyce [D-OH-3] Joyce Beatty D OH 3 2015-09-09 False L000397 Rep. Lofgren, Zoe [D-CA-19] ZOE LOFGREN D CA 19 2015-09-09 False N000127 Rep. Nolan, Richard M. [D-MN-8] RICHARD NOLAN D MN 8 2015-09-09 False N000147 Del. Norton, Eleanor Holmes [D-DC-At Large] ELEANOR NORTON D DC HOLMES 0 2015-09-09 False V000081 Rep. Velazquez, Nydia M. [D-NY-7] NYDIA VELAZQUEZ D NY M. 7 2015-09-09 False L000582 Rep. Lieu, Ted [D-CA-33] Ted Lieu D CA 33 2015-09-09 False O000170 Rep. O'Rourke, Beto [D-TX-16] Beto O'Rourke D TX 16 2015-09-10 False S001165 Rep. Sires, Albio [D-NJ-8] Albio Sires D NJ 8 2015-09-10 False G000410 Rep. Green, Gene [D-TX-29] GENE GREEN D TX 29 2015-09-10 False C001067 Rep. Clarke, Yvette D. [D-NY-9] Yvette Clarke D NY D. 9 2015-09-10 False P000034 Rep. Pallone, Frank, Jr. [D-NJ-6] FRANK PALLONE D NJ 6 2015-09-16 False C001080 Rep. Chu, Judy [D-CA-27] Judy Chu D CA 27 2015-09-16 False P000604 Rep. Payne, Donald M., Jr. [D-NJ-10] Donald Payne D NJ M. 10 2015-09-16 False J000294 Rep. Jeffries, Hakeem S. [D-NY-8] Hakeem Jeffries D NY S. 8 2015-09-16 False G000559 Rep. Garamendi, John [D-CA-3] John Garamendi D CA 3 2015-09-24 False A000370 Rep. Adams, Alma S. [D-NC-12] Alma Adams D NC S. 12 2015-09-24 False C001068 Rep. Cohen, Steve [D-TN-9] Steve Cohen D TN 9 2015-10-09 False B001286 Rep. Bustos, Cheri [D-IL-17] Cheri Bustos D IL 17 2015-10-21 False K000380 Rep. Kildee, Daniel T. [D-MI-5] Daniel Kildee D MI T. 5 2015-10-26 False G000556 Rep. Grayson, Alan [D-FL-9] Alan Grayson D FL 9 2015-11-03 False P000258 Rep. Peterson, Collin C. [D-MN-7] COLLIN PETERSON D MN C. 7 2015-11-18 False D000624 Rep. Dingell, Debbie [D-MI-12] Debbie Dingell D MI 12 2015-11-18 False J000288 Rep. Johnson, Henry C. "Hank," Jr. [D-GA-4] Henry Johnson D GA C. "Hank" 4 2015-11-18 False Y000062 Rep. Yarmuth, John A. [D-KY-3] John Yarmuth D KY A. 3 2015-11-18 False S001157 Rep. Scott, David [D-GA-13] David Scott D GA 13 2015-12-02 False T000469 Rep. Tonko, Paul [D-NY-20] Paul Tonko D NY 20 2016-02-03 False K000385 Rep. Kelly, Robin L. [D-IL-2] Robin Kelly D IL L. 2 2016-02-03 False C001061 Rep. Cleaver, Emanuel [D-MO-5] Emanuel Cleaver D MO 5 2016-02-12 False J000032 Rep. Jackson Lee, Sheila [D-TX-18] SHEILA JACKSON LEE D TX 18 2016-02-24 False H001038 Rep. Higgins, Brian [D-NY-26] Brian Higgins D NY 26 2016-02-24 False M001143 Rep. McCollum, Betty [D-MN-4] BETTY MCCOLLUM D MN 4 2016-03-02 False L000559 Rep. Langevin, James R. [D-RI-2] JAMES LANGEVIN D RI R. 2 2016-03-15 False J000126 Rep. Johnson, Eddie Bernice [D-TX-30] EDDIE JOHNSON D TX BERNICE 30 2016-03-15 False D000622 Rep. Duckworth, Tammy [D-IL-8] Tammy Duckworth D IL 8 2016-04-15 False N000179 Rep. Napolitano, Grace F. [D-CA-32] GRACE NAPOLITANO D CA F. 32 2016-04-21 False V000132 Rep. Vela, Filemon [D-TX-34] Filemon Vela D TX 34 2016-04-27 False R000486 Rep. Roybal-Allard, Lucille [D-CA-40] LUCILLE ROYBAL-ALLARD D CA 40 2016-05-11 False B000490 Rep. Bishop, Sanford D., Jr. [D-GA-2] SANFORD BISHOP D GA D. 2 2016-05-11 False D000216 Rep. DeLauro, Rosa L. [D-CT-3] ROSA DELAURO D CT 3 2016-05-11 False H000324 Rep. Hastings, Alcee L. [D-FL-20] ALCEE HASTINGS D FL L. 20 2016-05-18 False C000714 Rep. Conyers, John, Jr. [D-MI-13] JOHN CONYERS D MI 13 2016-06-14 False W000797 Rep. Wasserman Schultz, Debbie [D-FL-23] Debbie Wasserman Schultz D FL 23 2016-07-14 False G000553 Rep. Green, Al [D-TX-9] Al Green D TX 9 2016-09-07 False C001049 Rep. Clay, Wm. Lacy [D-MO-1] WM. CLAY D MO LACY 1 2016-09-27 False W000799 Rep. Walz, Timothy J. [D-MN-1] Timothy Walz D MN J. 1 2016-11-17 False Labor and Employment Bankruptcy Employee benefits and pensions Income tax exclusion Land transfers Transfer and inheritance taxes Labor and Employment 00 2015-06-19 Introduced in House 2015-09-21T15:13:26Z Keep Our Pension Promises Act

This bill repeals the elimination of the pension anti-cutback provisions under the Multiemployer Pension Reform Act of 2014. The anti-cutback provisions prohibit reductions in pension benefits to participants in multiemployer pension plans.

The bill amends the Employee Retirement Income Security Act of 1974 (ERISA) to allow a plan sponsor of an eligible multiemployer plan to petition the Pension Benefit Guaranty Corporation for a partition of a financially-troubled pension plan. PBGC is required to establish a legacy fund to cover the administrative and benefit costs resulting from a partition..

The bill amends the federal bankruptcy code to assign first claim priority to pension obligations under ERISA.

The bill amends the Internal Revenue Code to: (1) impose a limit of $1 million on the exemption of the gain from the exchange of real property in a like kind exchange, (2) prohibit the use of like kind exchanges for collectibles, (3) establish estate valuation rules for certain transfers of nonbusiness assets, and (4) limit estate tax discounts for certain individuals with minority interests in a business acquired from a decedent.

]]> Keep Our Pension Promises Act Display Title Keep Our Pension Promises Act Official Title as Introduced To amend the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code of 1986 to modify certain provisions relating to multiemployer pensions, and for other purposes. Introduced in House IH Short Titles as Introduced Keep Our Pension Promises Act Introduced in House 2015-06-19T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-114hr2844ih/xml/BILLS-114hr2844ih.xml 2015-11-16 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.