2894 -- Pension Fund Integrity Act of 2016 | Poliscope

Pension Fund Integrity Act of 2016

2894

114th Congress

Labor and Employment

In Committee

Legislative Progress

✓

Introduced

Committee

Floor Vote

Other Chamber

Enacted

Introduced

April 28, 2016

Latest Action

April 28, 2016

Primary Sponsor

Debbie StabenowDemocratic(MI)

Momentum (last 30 days)

score

0 actions · 0 new cosponsors · 0 votes

Speed vs cohort

0pct

0d open

vs 3,548 other S bills in the 114th — cohort avg 43d

Summary

Pension Fund Integrity Act of 2016 This bill amends the Internal Revenue Code and the Employee Retirement Income Security Act of 1974 (ERISA) to require salary reductions for certain employees of systemically important multiemployer pension plans that are in critical or declining status and that reduce participant benefits. When a benefit suspension is in effect, any compensation paid to employees of a plan that exceeds the amounts specified in this bill is a prohibited transaction that is subject to a tax to be paid by the plan sponsor. If a plan is in endangered, critical, or critical and declining status, payments for lobbying and political expenses for any person other than an employee of the plan are prohibited transactions and subject to a tax to be paid by the plan sponsor.

Lobbying filings that explicitly cite this bill (1)

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 (1)

SHERMAN, DUNN, COHEN, LEIFER & YELLIG, P.C. (1)

BUILDING AND CONSTRUCTION TRADES DEPARTMENT AFL-CIOclient→SHERMAN, DUNN, COHEN, LEIFER & YELLIG, P.C.

2015 · fourth_quarter · Labor Issues/Antitrust/Workplace

Open original LDA filing ↗

Cited source text, amounts, lobbyists, and targets

S. 2894 - California Emergency Drought Relief Act of 2015 - interested in application of Davis-Bacon Act prevailing wage requirements to construction activities authorized under the Act. S. 2012 - Energy Policy Modernization Act of 2015 - interested in application of Davis-Bacon Act prevailing wage requirements to programs authorized under the Act. S. 2089 - American Energy Innovation Act - interested in application of Davis-Bacon Act prevailing wage requirements to construction projects financed under the Act. H.R. 3763 - Surface Transportation Reauthorization and Reform Act of 2015 - interested in application of Davis-Bacon Act prevailing wage requirements to construction activities financed under the Act. H.R. 3918 - Strengthen Seasonal Employment Opportunities Act - Revision of H-2B visa program; interested in protecting labor standards for U.S. workers and temporary foreign workers. Save our Small and Seasonal Businesses Act of 2015 - Authority of U.S. Department of Labor to administer H-2B visa program; interested in protecting labor standards for U.S. workers and temporary foreign workers. H.R. [no number] (Representative ORourke) - Draft legislation to modify Davis-Bacon wage survey procedures.