Pension Choice and Security Act of 1996

Summary

Pension Choice and Security Act of 1996 - Amends the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code (IRC) to require the availability of a defined contribution plan option for participants in defined benefit plans. Amends ERISA to require timely investment by fiduciaries of pension plan contributions. Amends the IRC to increase the penalty for early distributions from pension plans.

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

Timeline

1. 2 August 1996

   Introduced

   Referred to the Committee on Economic and Educational Opportunities, 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.

   Source: IntroReferral

2. 2 August 1996

   Introduced

   Referred to the Committee on Economic and Educational Opportunities, 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.

   Source: IntroReferral

3. 2 August 1996

   Introduced

   Introduced in House

   Source: IntroReferral

4. 2 August 1996

   Introduced

   Introduced in House

   Source: IntroReferral

5. 6 September 1996

   Referred

   Referred to the Subcommittee on Employer-Employee Relations.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 2 August 1996 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 2 August 1996

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 2 August 1996

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 2 August 1996

  Open at official source

Sponsors

• Sen. Schumer, Charles E. [D-NY] · D · Sponsor
• · hsed00 · Standing
• · hswm00 · Standing

Related records

• related to ← A bill to provide for the temporary suspension of the reformulated gasoline rules under the Clean Air Act.