3.0.0
423
2023-01-11T13:43:31Z
2023-01-11T13:43:31Z
House
HR
2021-01-21
117
[Congressional Record Volume 167, Number 12 (Thursday, January 21, 2021)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. SCOTT of Virginia:H.R. 423.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8 of the Constitution of the UnitedStates.[Page H225]
- hswm00
Ways and Means Committee
House
Standing
  - Referred to
2021-01-21T19:01:20Z
- hsed00
Education and the Workforce Committee
House
Standing
  - Referred to
2021-01-21T19:01:15Z

- Emergency Pension Plan Relief Act of 2021
117
409
HR
2021-01-21
Referred to the Committee on Education and Labor, and in addition to the Committee on Ways and Means, 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.
  - Related bill
CRS

- Butch Lewis Emergency Pension Plan Relief Act of 2021
117
547
S
2021-03-02
Read twice and referred to the Committee on Finance.
  - Related bill
CRS
- 2021-01-21
Referred to the Committee on Education and Labor, and in addition to the Committee on Ways and Means, 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
- 2021-01-21
Referred to the Committee on Education and Labor, and in addition to the Committee on Ways and Means, 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
- 2021-01-21
Introduced in House
IntroReferral
Intro-H
9
Library of Congress
- 2021-01-21
Introduced in House
IntroReferral
1000
9
Library of Congress
- S000185
Rep. Scott, Robert C. "Bobby" [D-VA-3]
Robert
Scott
D
VA
C. "Bobby"
3
N
- N000188
Rep. Norcross, Donald [D-NJ-1]
Donald
Norcross
D
NJ
1
2021-01-21
True
- S001215
Rep. Stevens, Haley M. [D-MI-11]
Haley
Stevens
D
MI
M.
11
2021-01-21
True
- M001206
Rep. Morelle, Joseph D. [D-NY-25]
Joseph
Morelle
D
NY
D.
25
2021-01-21
True
- K000009
Rep. Kaptur, Marcy [D-OH-9]
MARCY
KAPTUR
D
OH
9
2021-01-21
True
- J000032
Rep. Jackson Lee, Sheila [D-TX-18]
SHEILA
JACKSON LEE
D
TX
18
2021-01-21
True
- M001208
Rep. McBath, Lucy [D-GA-6]
Lucy
McBath
D
GA
6
2021-01-21
True
- B000490
Rep. Bishop, Sanford D., Jr. [D-GA-2]
SANFORD
BISHOP
D
GA
D.
2
2021-01-21
True
- N000147
Del. Norton, Eleanor Holmes [D-DC-At Large]
ELEANOR
NORTON
D
DC
HOLMES
0
2021-01-21
True
- D000623
Rep. DeSaulnier, Mark [D-CA-11]
Mark
DeSaulnier
D
CA
11
2021-01-21
True
- M001137
Rep. Meeks, Gregory W. [D-NY-5]
GREGORY
MEEKS
D
NY
W.
5
2021-01-21
True
- S001145
Rep. Schakowsky, Janice D. [D-IL-9]
JANICE
SCHAKOWSKY
D
IL
D.
9
2021-01-21
True
- W000826
Rep. Wild, Susan [D-PA-7]
Susan
Wild
D
PA
7
2021-01-21
True
- S001177
Del. Sablan, Gregorio Kilili Camacho [D-MP-At Large]
Gregorio
Sablan
D
MP
Kilili Camacho
0
2021-01-21
True
- P000607
Rep. Pocan, Mark [D-WI-2]
Mark
Pocan
D
WI
2
2021-01-25
False
- D000624
Rep. Dingell, Debbie [D-MI-12]
Debbie
Dingell
D
MI
12
2021-01-25
False
- L000557
Rep. Larson, John B. [D-CT-1]
JOHN
LARSON
D
CT
B.
1
2021-01-25
False
- J000306
Rep. Jones, Mondaire [D-NY-17]
Mondaire
Jones
D
NY
17
2021-02-01
False
- L000592
Rep. Levin, Andy [D-MI-9]
Andy
Levin
D
MI
9
2021-02-01
False
- C001069
Rep. Courtney, Joe [D-CT-2]
Joe
Courtney
D
CT
2
2021-02-01
False
- R000577
Rep. Ryan, Tim [D-OH-13]
TIM
RYAN
D
OH
13
2021-02-15
False
- N000179
Rep. Napolitano, Grace F. [D-CA-32]
GRACE
NAPOLITANO
D
CA
F.
32
2021-02-15
False
- S001165
Rep. Sires, Albio [D-NJ-8]
Albio
Sires
D
NJ
8
2021-03-01
False
Labor and Employment
- Accounting and auditing
- Administrative law and regulatory procedures
- Appropriations
- Business records
- Cardiovascular and respiratory health
- Congressional oversight
- Emergency medical services and trauma care
- Employee benefits and pensions
- Government information and archives
- Government studies and investigations
- Government trust funds
- Infectious and parasitic diseases
- Inflation and prices
- Pension Benefit Guaranty Corporation
- Wages and earnings
Labor and Employment
00
2021-01-21
Introduced in House
2021-12-22T20:18:00Z
Emergency Pension Plan Relief Act of 2021
This bill modifies the funding rules and provides financial assistance for certain pension plans that are underfunded or insolvent.
First, the bill expands the authority of, and provides funding for, the Pension Benefit Guaranty Corporation (PBGC) to provide special partition assistance to a multiemployer pension plan that is insolvent or at risk of insolvency. The bill expands eligibility for partition assistance, provides funding for a plan to reach a projected funded ratio of 80% over a 30-year period, and does not require a plan to repay such assistance.
The bill further permits a multiemployer pension plan to elect to retain its funding zone status from the previous year for either (1) the first plan year beginning during the period from March 1, 2020, through February 28, 2021; or (2) the next succeeding plan year, as designated by the plan sponsor. A plan may also extend by five years the funding improvement or rehabilitation period if the plan is designated as in endangered or critical status for a plan year beginning in 2020 or 2021. A plan in critical and declining status may not suspend payment of plan benefits.
Additionally, the bill adjusts the minimum funding standards for a multiemployer pension plan to account for investment losses and other losses related to the COVID-19 (i.e., coronavirus disease 2019) pandemic and modifies the PBGC guarantee formula to increase the maximum potential benefits under a multiemployer pension plan.
Finally, the bill makes changes with respect to single employer pension plans, including revising the amortization rules and extending and modifying the pension funding stabilization percentages.

Emergency Pension Plan Relief Act of 2021
- Display Title

Emergency Pension Plan Relief Act of 2021
- Official Title as Introduced

To provide relief for multiemployer and single employer pension plans, and for other purposes.
Introduced in House
IH
- Short Title(s) as Introduced

Emergency Pension Plan Relief Act of 2021
Introduced in House
IH
- Introduced in House
2021-01-21T05:00:00Z
  - https://www.govinfo.gov/content/pkg/BILLS-117hr423ih/xml/BILLS-117hr423ih.xml
2021-01-21
Referred to the Committee on Education and Labor, and in addition to the Committee on Ways and Means, 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.
text/xml
EN
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