Employee Pension Preservation and Taxpayer Protection Act of 2005

Summary

Employee Pension Preservation and Taxpayer Protection Act of 2005 - Amends the Internal Revenue Code and the Employee Retirement Income Security Act (ERISA) to permit commercial passenger airline pension plans to elect to restructure their unfunded plan liabilities over a 25-year period. Prohibits plans that elect restructuring to accrue future unfunded pension plan liabilities. Authorizes the Secretary of the Treasury to deny tax-exempt status to a successor of a plan restructured under this Act unless all benefit obligations of the restructured plan have been satisfied. Amends ERISA to exempt the Pension Benefit Guaranty Corporation (PBGC) from liability for any unfunded pension plan liabilities incurred by commercial passenger airline pension plans after an election to restructure is made.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 4 May 2005

   Introduced

   Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, 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.

   Source: IntroReferral

2. 4 May 2005

   Introduced

   Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, 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.

   Source: IntroReferral

3. 4 May 2005

   Introduced

   Introduced in House

   Source: IntroReferral

4. 4 May 2005

   Introduced

   Introduced in House

   Source: IntroReferral

5. 11 May 2005

   Introduced

   Sponsor introductory remarks on measure. (CR H3117)

   Source: IntroReferral

6. 20 May 2005

   Referred

   Referred to the Subcommittee on Employer-Employee Relations.

   Source: Committee

7. 23 June 2005

   Introduced

   Sponsor introductory remarks on measure. (CR H4990-4991)

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 4 May 2005 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 4 May 2005

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 4 May 2005

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 4 May 2005

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Price, Tom [R-GA-6] · R · Sponsor
• Rep. Linder, John [R-GA-7] · R · Sponsor
• Rep. Baker, Richard H. [R-LA-6] · R · Sponsor
• Rep. Chabot, Steve [R-OH-1] · R · Sponsor
• Rep. Davis, Geoff [R-KY-4] · R · Sponsor
• Rep. Deal, Nathan [R-GA-9] · R · Sponsor
• Rep. Gingrey, Phil [R-GA-11] · R · Sponsor
• Rep. Kingston, Jack [R-GA-1] · R · Sponsor
• Rep. Norwood, Charles W. [R-GA-9] · R · Sponsor
• Rep. Westmoreland, Lynn A. [R-GA-3] · R · Sponsor
• Rep. Lewis, John [D-GA-5] · D · Sponsor
• David Scott · D · Sponsor
• Rep. English, Phil [R-PA-3] · R · Cosponsor
• Rep. Platts, Todd Russell [R-PA-19] · R · Cosponsor
• Rep. Barrow, John [D-GA-12] · D · Cosponsor
• Rep. Marshall, Jim [D-GA-8] · D · Cosponsor
• Rep. Simmons, Rob [R-CT-2] · R · Cosponsor
• Rep. Marchant, Kenny [R-TX-24] · R · Cosponsor
• Rep. Hostettler, John N. [R-IN-8] · R · Cosponsor
• Rep. Manzullo, Donald A. [R-IL-16] · R · Cosponsor
• Rep. Ramstad, Jim [R-MN-3] · R · Cosponsor
• Rep. Schwarz, John J.H. "Joe" [R-MI-7] · R · Cosponsor
• Rep. McIntyre, Mike [D-NC-7] · D · Cosponsor
• Rep. Frank, Barney [D-MA-4] · D · Cosponsor
• Rep. Ford, Harold E., Jr. [D-TN-9] · D · Cosponsor
• Rep. Cannon, Chris [R-UT-3] · R · Cosponsor
• Rep. Bishop, Rob [R-UT-1] · R · Cosponsor
• Rep. Matheson, Jim [D-UT-2] · D · Cosponsor
• Rep. Peterson, Collin C. [D-MN-7] · D · Cosponsor
• Rep. Hoekstra, Peter [R-MI-2] · R · Cosponsor
• Rep. Bishop, Sanford D. [D-GA-2] · D · Cosponsor
• Rep. Crowley, Joseph [D-NY-14] · D · Cosponsor
• Rep. McCotter, Thaddeus G. [R-MI-11] · R · Cosponsor
• Rep. Maloney, Carolyn B. [D-NY-12] · D · Cosponsor
• Rep. McCollum, Betty [D-MN-4] · D · Cosponsor
• · hsed00 · Standing
• · hswm00 · Standing

Related records

• related to ← Employee Pension Preservation Act of 2005