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United States · Bill · HR

H.R. 3672 (105th)

Employee Pension Portability and Accountability Act of 1998

openUnited States· United States Congress· EN

Introduced

1 April 1998

Last action

26 June 1998 · Introduced

Status

Sponsor introductory remarks on measure. (CR E1252-1253)

Sponsors

Rep. Neal, Richard E. [D-MA-1], Rep. Rangel, Charles B. [D-NY-15], Rep. Coyne, William J. [D-PA-14], Rep. Matsui, Robert T. [D-CA-5], Rep. Levin, Sander M. [D-MI-12], Rep. McDermott, Jim [D-WA-7], Rep. Gejdenson, Sam [D-CT-2], Rep. Pomeroy, Earl [D-ND-At Large], Sen. Stabenow, Debbie [D-MI], Rep. Lewis, John [D-GA-5], Rep. Moakley, John Joseph [D-MA-9], Rep. McGovern, James P. [D-MA-2], Rep. Delahunt, William D. [D-MA-10], Rep. Gutierrez, Luis V. [D-IL-4], Rep. Stark, Fortney Pete [D-CA-13], Del. Underwood, Robert A. [D-GU-At Large], Rep. Manton, Thomas J. [D-NY-7], Rep. Kleczka, Gerald D. [D-WI-4], Rep. Lee, Barbara [D-CA-12]

Subjects

Taxation

Source updated

23 March 2026

Taxation

Summary

Employee Pension Portability and Accountability Act of 1998 - Amends the Internal Revenue Code, with respect to retirement savings, to: (1) require an employer, upon request from an employee, to withhold retirement savings from wages; (2) provide a credit to eligible small employers for pension plan start-up costs; (3) permit an employer to establish a Secure Money Annuity or Retirement (SMART) Trust (as defined); (4) provide for faster vesting of employer matching contributions under a plan including an accrued benefit derived from such contributions; (5) require spousal pension right-to- know provisions; (6) require one-percent employer contributions under the alternative method of meeting nondiscrimination requirements for 401(k) plans; (7) redefine the term highly compensated employee; and (8) revise multiemployer plan provisions with respect to the special limitation rule, the exemption for survivor and disability benefits, the full funding limitation, valuation, and partial termination rules.

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

Timeline

  1. 1 April 1998

    Introduced

    Referred to House Ways and Means

    Source: IntroReferral

  2. 1 April 1998

    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. 1 April 1998

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 1 April 1998

    Introduced

    Introduced in House

    Source: IntroReferral

  5. 2 April 1998

    Introduced

    Sponsor introductory remarks on measure. (CR E579-581)

    Source: IntroReferral

  6. 5 May 1998

    Referred

    Referred to the Subcommittee on Employer-Employee Relations.

    Source: Committee

  7. 26 June 1998

    Introduced

    Sponsor introductory remarks on measure. (CR E1252-1253)

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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Leesvertaling

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  • Introduced in House (text)

    Introduced in House · EN · 1 April 1998

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 1 April 1998

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 1 April 1998

    Open at official source

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Sponsors

Related records

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Sources

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