[Congressional Bills 113th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5773 Introduced in House (IH)]

113th CONGRESS
  2d Session
                                H. R. 5773

To amend the Internal Revenue Code of 1986 and the Employee Retirement 
 Income Security Act of 1974 to extend certain provisions relating to 
              multiemployer defined benefit pension plans.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                            December 1, 2014

 Mr. Crowley introduced the following bill; which was referred to the 
   Committee on Education and the Workforce, 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

_______________________________________________________________________

                                 A BILL


 
To amend the Internal Revenue Code of 1986 and the Employee Retirement 
 Income Security Act of 1974 to extend certain provisions relating to 
              multiemployer defined benefit pension plans.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. EXTENSION OF AUTOMATIC EXTENSION OF AMORTIZATION PERIODS.

    (a) Amendment to Internal Revenue Code of 1986.--Subparagraph (C) 
of section 431(d)(1) of the Internal Revenue Code of 1986 is amended by 
striking ``December 31, 2014'' and inserting ``December 31, 2015''.
    (b) Amendment to Employee Retirement Income Security Act of 1974.--
Subparagraph (C) of section 304(d)(1) of the Employee Retirement Income 
Security Act of 1974 (29 U.S.C. 1084(d)(1)(C)) is amended by striking 
``December 31, 2014'' and inserting ``December 31, 2015''.
    (c) Effective Date.--The amendments made by this section shall 
apply to applications submitted under section 431(d)(1)(A) of the 
Internal Revenue Code of 1986 and section 304(d)(1)(C) of the Employee 
Retirement Income Security Act of 1974 after December 31, 2014.

SEC. 2. EXTENSION OF FUNDING IMPROVEMENT AND REHABILITATION PLAN RULES.

    (a) In General.--Paragraphs (1) and (2) of section 221(c) of the 
Pension Protection Act of 2006 are each amended by striking ``December 
31, 2014'' and inserting ``December 31, 2015''.
    (b) Conforming Amendment.--Paragraph (2) of section 221(c) of the 
Pension Protection Act of 2006 is amended by striking ``January 1, 
2015'' and inserting ``January 1, 2016''.
    (c) Effective Date.--The amendments made by this section shall 
apply to plan years beginning after December 31, 2014.
                                 <all>