A bill to impose a 6-month moratorium on terminations of certain plans instituted under section 4042 of the Employee Retirement Income Security Act of 1974 in cases in which reorganization of contributing sponsors is sought in bankruptcy or insolvency proceedings.
Stop Terminating Our Pensions Act - Imposes a six-month moratorium on terminations of certain pension plans, instituted under specified provisions of the Employee Retirement Income Security Act of 1974 (ERISA), in cases in which reorganization of contributing sponsors is sought in bankruptcy or insolvency proceedings.
Referred to the Subcommittee on Employer-Employee Relations.
Introduced in Senate
Sponsor introductory remarks on measure. (CR S6054-6055)
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
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