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Keep Our Pension Promises Act
Legislative Progress
Momentum (last 30 days)
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vs 7,393 other HR bills in the 115th — cohort avg 50d
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), with respect to partitions of eligible multiemployer plans, to modify the procedures and allow plan sponsors to petition the Pension Benefit Guaranty Corporation (PBGC) for a partition of additional financially-troubled pension plans. The PBGC must establish a legacy fund to cover the administrative and benefit costs resulting from a partition. The Department of the Treasury must transfer amounts to the fund that are equal to the increase in revenues as a result of specified provisions of this bill that amend the Internal Revenue Code. The provisions amend 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, and (3) limit contributions and require increased minimum distributions for individuals with certain retirement plans with balances that exceed $5 million (adjusted for inflation after 2017). The bill amends the federal bankruptcy code to assign first claim priority to pension obligations under ERISA.
These links require the bill number to appear in the filing's source-reported specific issue text. Client expenses and lobbying-firm income are separate disclosure fields.
Filing registrants (4)
2018 · second_quarter · Retirement
H.R. 761 / S. 270, Pension and Budget Integrity Act of 2017; S. 1076 / H.R. 2412, Keep Our Pension Promises Act; S. 852, Retirement Security Preservation Act of 2017; H.R. 3596, Rightsizing Pension Premiums Act of 2017; S. 2526, Retirement Enhancement and Savings Act
Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.
Referred to the Committee on Education and the Workforce, and in addition to the Committees on the Judiciary, and 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.
Congress.gov source codes: H11100, H11100-A
Sponsor introductory remarks on measure. (CR E626)
Introduced in House
Congress.gov source codes: 1000, Intro-H
Bills with similar content found using semantic analysis.
Sources: Congress.gov
Client expense: $700,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Office of Management & Budget (OMB), SENATE
2018 · first_quarter · Retirement
Proposals to amend ERISA with respect to multi-employer pension plans Withdrawal liability. Multi-employer pension plans & legacy/ orphan issues; proposed retiree benefit cuts; proposed premium increases S. 1076/ H.R. 2412, Keep Our Pension Promises Act S. 2147, the Butch Lewis Act of 2017 H.R. 4444, The Rehabilitation for Multiemployer Pension Act
Client expense: $301,000 · Firm income: Not reported
Government targets: Executive Office of the President (EOP), Federal Aviation Administration (FAA), Federal Motor Carrier Safety Administration, HOUSE OF REPRESENTATIVES, President of the U.S., SENATE, Securities & Exchange Commission (SEC), Transportation, Dept of (DOT), U.S. Trade Representative (USTR), White House Office
2018 · first_quarter · Taxation/Internal Revenue Code
S.2147 Butch Lewis Act of 2017 - amends the Internal Revenue Code of 1986 to create a Pension Rehabilitation Trust Fund, to establish a Pension Rehabilitation Administration within the Department of the Treasury to make loans to multiemployer defined benefit plans, and for other purposes. HR 2536 - Renew America's Schools Act of 2017 This bill requires the Department of Energy to provide competitive grants for making energy improvements in schools. H.R. 4444-the Rehabilitation of Multiemployer Pensions Act, a bill that amends the Internal Revenue Code of 1986 to create a Pension Rehabilitation Trust Fund, to establish a Pension Rehabilitation Administration within the Department of the Treasury to make loans to multiemployer defined benefit plans. H.R. 2412 - Keep Our Pension Promises Act. A bill to repeal the elimination of the anti-cutback provisions of the Multiemployer Pension Reform Act of 2014that prevents reductions in participants benefits, and to allow plans to petition toe PBGC for partition under certain circumstances. S. 1076 - Keep Our Pension Promises Act. A bill to repeal the elimination of the anti-cutback provisions of the Multiemployer Pension Reform Act of 2014that prevents reductions in participants benefits, and to allow plans to petition toe PBGC for partition under certain circumstances.
Client expense: $140,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2018 · first_quarter · Retirement
H.R. 761 / S. 270, Pension and Budget Integrity Act of 2017; S. 1076 / H.R. 2412, Keep Our Pension Promises Act; S. 852, Retirement Security Preservation Act of 2017; H.R. 3596, Rightsizing Pension Premiums Act of 2017; S. 2526, Retirement Enhancement and Savings Act
Client expense: $1,360,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Office of Management & Budget (OMB), SENATE
2017 · fourth_quarter · Retirement
Proposals to amend ERISA with respect to multi-employer pension plans Withdrawal liability. Multi-employer pension plans & legacy/ orphan issues; proposed retiree benefit cuts; proposed premium increases S. 1076/ H.R. 2412, Keep Our Pension Promises Act Multi-employer pension plans: composite plan proposals S. 2147, the Butch Lewis Act of 2017 H.R. 4444, The Rehabilitation for Multiemployer Pension Act
Client expense: $320,000 · Firm income: Not reported
Government targets: Executive Office of the President (EOP), Federal Aviation Administration (FAA), Federal Motor Carrier Safety Administration, HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), President of the U.S., SENATE, Securities & Exchange Commission (SEC), Transportation, Dept of (DOT), U.S. Trade Representative (USTR), White House Office
2017 · fourth_quarter · Retirement
H.R. 761 / S. 270, Pension and Budget Integrity Act of 2017; S. 1076 / H.R. 2412, Keep Our Pension Promises Act; IRS rules on mortality tables; S. 852, Retirement Security Preservation Act of 2017; H.R. 3596, Rightsizing Pension Premiums Act of 2017
Client expense: $830,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Office of Management & Budget (OMB), SENATE
2017 · fourth_quarter · Retirement
Oppose Composite Pension Plan (No Bill Number) Support Keep Our Pension Promises Act H.R. 2412 & S. 1076 Oppose PASS Act of 2017 H.R. 3857 Support "Butch Lewis Act of 2017" Multi-employer Pension Bill H.R. 4444 & S. 2147
Client expense: $440,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE, U.S. Trade Representative (USTR)
2017 · fourth_quarter · Retirement
Oppose Composite Pension Plan (No Bill Number) Support Keep Our Pension Promises Act H.R. 2412 & S. 1076 Oppose PASS Act of 2017 H.R. 3857 Support "Butch Lewis Act of 2017" Multi-employer Pension Bill H.R. 4444 & S. 2147
Client expense: $440,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE, U.S. Trade Representative (USTR)
2017 · third_quarter · Retirement
H.R. 761 / S. 270, Pension and Budget Integrity Act of 2017; S. 1076 / H.R. 2412, Keep Our Pension Promises Act; IRS rules on mortality tables
Client expense: $860,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, Office of Management & Budget (OMB), SENATE
2017 · third_quarter · Retirement
Proposals to amend ERISA with respect to multi-employer pension plans Withdrawal liability. Multi-employer pension plans & legacy/ orphan issues; proposed retiree benefit cuts; proposed premium increases S. 1076/ H.R. 2412, Keep Our Pension Promises Act Multi-employer pension plans: composite plan proposals multi-employer pension plans; critical and declining plans
Client expense: $380,000 · Firm income: Not reported
Government targets: Executive Office of the President (EOP), Federal Aviation Administration (FAA), Federal Motor Carrier Safety Administration, HOUSE OF REPRESENTATIVES, Labor, Dept of (DOL), President of the U.S., SENATE, Securities & Exchange Commission (SEC), Transportation, Dept of (DOT), U.S. Trade Representative (USTR), White House Office
2017 · third_quarter · Retirement
Oppose Composite Pension Plan (No Bill Number) Support Keep Our Pension Promises Act H.R. 2412 & S. 1076 Oppose PASS Act of 2017 H.R. 3857
Client expense: $560,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2017 · second_quarter · Retirement
H.R. 761 / S. 270, Pension and Budget Integrity Act of 2017; S. 1076 / H.R. 2412, Keep Our Pension Promises Act
Client expense: $970,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE
2017 · second_quarter · Retirement
Proposals to amend ERISA with respect to multi-employer pension plans Implementation of Multi-employer Pension Reform Act (MPRA). Withdrawal liability. Multi-employer pension plans & legacy/ orphan issues; proposed retiree benefit cuts; proposed premium increases S. 1076/ H.R. 2412, Keep Our Pension Promises Act Multi-employer pension plans; composite plan proposals Funding status of multi employer pension plans; critical and declining plans
Client expense: $390,000 · Firm income: Not reported
Government targets: Executive Office of the President (EOP), Federal Aviation Administration (FAA), Federal Motor Carrier Safety Administration, HOUSE OF REPRESENTATIVES, Homeland Security, Dept of (DHS), Labor, Dept of (DOL), President of the U.S., SENATE, Securities & Exchange Commission (SEC), Transportation, Dept of (DOT), U.S. Trade Representative (USTR), White House Office
2017 · second_quarter · Retirement
Oppose Composite Pension Plan (No Bill Number) Support Keep Our Pension Promises Act H.R. 2412/ S. 1076
Client expense: $460,000 · Firm income: Not reported
Government targets: HOUSE OF REPRESENTATIVES, SENATE, White House Office
| Democratic |
| NY |
| Chellie Pingree | Democratic | ME |
| Colleen Hanabusa | Democratic | HI |
| Collin C. Peterson | Democratic | MN |
| Debbie Dingell | Democratic | MI |
| Eleanor Holmes Norton | Democratic | DC |
| Gene Green | Democratic | TX |
| Gwen Moore | Democratic | WI |
| Hakeem S. Jeffries | Democratic | NY |
| Henry C. "Hank" Johnson, Jr. | Democratic | GA |
| James R. Langevin | Democratic | RI |
| Jamie Raskin | Democratic | MD |
| Janice D. Schakowsky | Democratic | IL |
| John A. Yarmuth | Democratic | KY |
| John Garamendi | Democratic | CA |
| Joyce Beatty | Democratic | OH |
| Louise McIntosh Slaughter | Democratic | NY |
| Marc A. Veasey | Democratic | TX |
| Nydia M. Velázquez | Democratic | NY |
| Paul Tonko | Democratic | NY |
| Peter J. Visclosky | Democratic | IN |
| Pramila Jayapal | Democratic | WA |
| Richard M. Nolan | Democratic | MN |
| Rosa L. DeLauro | Democratic | CT |
| Salud O. Carbajal | Democratic | CA |
| Sheila Jackson Lee | Democratic | TX |
| Steve Cohen | Democratic | TN |
| Tim Ryan | Democratic | OH |
| Timothy J. Walz | Democratic | MN |
| Wm. Lacy Clay | Democratic | MO |