H.R. 1776 — Pension Funding bill

Pension Funding bill

To amend the Internal Revenue Code of 1986 to make today's retirement savings opportunities permanent, to expand and improve retirement savings vehicles, to extend pension coverage through regulatory simplification and small business incentives, to enhance fairness and pension portability, to revitalize defined benefit plans, to provide additional defined contribution plan protections, to assist individuals in preserving their income throughout retirement, and for other purposes.

Summary

Pension Preservation and Savings Expansion Act of 2003 - Amends the Internal Revenue Code, the Economic Growth and Tax Reconciliation Act of 2001, the Social Security Act, the Employee Retirement Income Security Act of 1974, and the Retirement Protection Act of 1994 to revise various pension and retirement provisions, including provisions affecting: (1) pension portability; (2) retirement plan participation and coverage; (3) IRAs; (4) defined benefit plans; (5) retirement plan contribution and distribution rules; (6) retirement plans of tax-exempt organizations and plans for government employees; (7) stock options; and (8) retiree health plans.

Legislative Actions

2003-04-11

Introduced in House

2003-04-11

Introduced in House

2003-04-11

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.

2003-04-11

2003-05-02

Referred to the Subcommittee on Employer-Employee Relations.

2003-07-18

Committee Consideration and Mark-up Session Held.

2003-07-18

Ordered to be Reported (Amended) by Voice Vote.

Pension Funding bill

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