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United States · Bill · HR

H.R. 7793 (96th)

A bill to amend the Railroad Retirement Act of 1974 and the Internal Revenue Code of 1954 to assure sufficient resources to pay current and future benefits and to extend certain cost-of-living increases.

referredUnited States· United States Congress· EN

Introduced

22 July 1980

Last action

22 July 1980 · Introduced

Status

Referred to House Committee on Ways and Means.

Sponsors

Rep. Staggers, Harley O. [D-WV-2], Rep. Florio, James J. [D-NJ-1], Rep. Madigan, Edward R. [R-IL-15], Rep. Perkins, Carl Dewey [D-KY-7], Rep. Fish, Hamilton, Jr. [R-NY-19], Rep. Murphy, John M. [D-NY-17], Rep. Lederer, Raymond F. [D-PA-3], Rep. Nolan, Richard M. [D-MN-8], Rep. Weaver, James H. [D-OR-4], Rep. Glickman, Dan [D-KS-4], Rep. McKay, K. Gunn [D-UT-1], Rep. Kildee, Dale E. [D-MI-5], Rep. Atkinson, Eugene V. [D-PA-25], Rep. Williams, Pat [D-MT-At Large], Rep. Ottinger, Richard L. [D-NY-20], Rep. Bereuter, Doug [R-NE-1], Rep. Wolpe, Howard E. [D-MI-3]

Subjects

Discovery layer

Source updated

7 February 2024

Official sourceView documentsShare

Summary

Amends the Railroad Retirement Act of 1974 to extend specified cost-of-living increases for railroad employee annuitants. Amends the Internal Revenue Code (Tax on Employers) to increase the excise tax paid by employers on employees' compensation so as to generate funds to finance such increases. Directs the Railroad Retirement Board, not later than 30 days before the beginning of a calendar year, to determine the account balance-benefit ratio for such calendar year. Directs the Board to publish a notice in the Federal Register of such ratio and of the tax rate applicable under this Act.

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

Timeline

  1. 22 July 1980

    Introduced

    Referred to House Committee on Interstate and Foreign Commerce.

    Source: IntroReferral

  2. 22 July 1980

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 22 July 1980

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

Leesvertaling

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Sponsors

Related records

Sources

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