S. Amdt. 2901 - In the Nature of a Substitute.

Sponsor:
This is an amendment to H.R. 2830 - Pension Security and Transparency Act of 2005
Senate Vote: Amendment SA 2901 agreed to in Senate by Unanimous Consent.

PASSED by voice vote on March 3, 2006.

Pension Security and Transparency Act of 2005

H.R. 2830 — 109th Congress (2005–2006)

Summary
To amend the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code of 1986 to reform the pension funding rules, and for other purposes. (by CRS)
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Title
To amend the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code of 1986 to reform the pension funding rules, and for other purposes.
Other Titles
  • Pension Reform bill
  • Pension Protection Act of 2005
  • Pension Protection Act of 2005
  • Pension Protection Act of 2005
  • Pension Security and Transparency Act of 2005
Sponsor
John A. Boehner
Co-Sponsors
Subjects
  • Pensions
  • Accounting
  • Administrative procedure
  • Age discrimination
  • Aged
  • Aircraft pilots
  • Airline employees
  • Airlines
  • Alabama
  • Annuities
  • Assassination
  • Bankruptcy
  • Budgets
  • Business
  • Civil rights
  • Civil service retirement
  • Coal
  • Congress
  • Congressional investigations
  • Congressional reporting requirements
  • Cooperative societies
  • Cost of living adjustments
  • Criminal justice
  • Defined benefit pension plans
  • Defined contribution plans
  • Department of Labor
  • Department of the Treasury
  • Disaster relief
  • Divorce
  • Earnings
  • Emergency management
  • Estates (Law)
  • Executive departments
  • Families
  • Federal advisory bodies
  • Finance
  • Financial planning
  • Financial statements
  • Florida
  • Foreign exchange
  • Fraud
  • Government corporations
  • Government employees
  • Government employees' life insurance
  • Government information
  • Government paperwork
  • Government publicity
  • Government trust funds
  • Governmental investigations
  • Health policy
  • Hurricane aftermath legislation
  • Hurricanes
  • Income tax
  • Indians
  • Individual retirement accounts
  • Insurance premiums
  • Interest
  • Interest rates
  • International finance
  • Investment advisers
  • Investments
  • Judicial compensation
  • Judicial ethics
  • Judicial tenure
  • Labor
  • Labor unions
  • Law
  • Leave of absence
  • Legislation
  • Liability (Law)
  • Liens
  • Life insurance
  • Louisiana
  • Magistrates
  • Mandatory retirement
  • Medical care
  • Miners
  • Minorities
  • Mississippi
  • Older workers
  • Pension Benefit Guaranty Corporation
  • Pension funds
  • Pension portability
  • Pension trust guaranty insurance
  • Plant shutdowns
  • Railroad retirement plans
  • Recruiting of employees
  • Retiree health benefits
  • Standards
  • Stock exchanges
  • Stocks
  • Surety and fidelity
  • Survivors' benefits
  • Tax courts
  • Tax deductions
  • Tax exclusion
  • Tax penalties
  • Tax-deferred compensation plans
  • Taxation
  • Texas
  • Transportation
  • Trusts and trustees
  • Unemployment insurance
  • Valuation
Related Bills
Major Actions
Introduced6/09/2005
Referred to Committee
Amendments (1 proposed)
Passed House12/15/2005
Passed Senate3/03/2006
Bill History
Chamber/CommitteeMotionDateResult
select this voteHouseOn Motion to Recommit with Instructions: H.R. 2830 Pension Protection Act12/15/2005This motion DID NOT PASS the House
200 voted YES 227 voted NO 6 voted present/not voting
select this voteHouseOn Passage - House - H.R. 2830 Pension Protection Act12/15/2005This bill PASSED the House
294 voted YES 132 voted NO 7 voted present/not voting
select this voteSenatePassed Senate with an amendment by Unanimous Consent.3/03/2006PASSED by voice vote
currently selectedSenateAmendment SA 2901 agreed to in Senate by Unanimous Consent.3/03/2006PASSED by voice vote
select this voteHouseOn Motion to Instruct Conferees: H.R. 2830 Pension Protection Act of 20053/08/2006This motion PASSED the House
265 voted YES 158 voted NO 9 voted present/not voting
select this voteHouseOn Motion to Instruct Conferees: H.R. 2830 Pension Protection Act of 20054/06/2006This motion PASSED the House
248 voted YES 178 voted NO 6 voted present/not voting
select this voteHouseOn Motion to Instruct Conferees: H.R. 2830 Pension Protection Act of 20055/04/2006This motion PASSED the House
299 voted YES 125 voted NO 8 voted present/not voting
select this voteHouseOn Motion to Instruct Conferees: H.R. 2830 Pension Protection Act of 20057/25/2006This motion PASSED the House
281 voted YES 139 voted NO 12 voted present/not voting
select this voteHouseOn Motion to Instruct Conferees: H.R. 2830 Pension Protection Act of 20057/27/2006This motion PASSED the House
285 voted YES 126 voted NO 21 voted present/not voting
ActionDateDescription
Introduced6/09/2005
6/09/2005Referred to the Committee on Education and the Workforce, 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.
6/09/2005Referred to House Education and the Workforce
6/09/2005Referred to House Ways and Means
6/15/2005Committee Hearings Held.
6/22/2005Referred to the Subcommittee on Employer-Employee Relations.
6/22/2005Subcommittee Consideration and Mark-up Session Held.
6/22/2005Forwarded by Subcommittee to Full Committee (Amended) by Voice Vote.
6/30/2005Committee Consideration and Mark-up Session Held.
Put on a legislative calendar6/30/2005Ordered to be Reported (Amended) by the Yeas and Nays: 27 - 0.
9/22/2005Reported (Amended) by the Committee on Education and the Workforce. H. Rept. 109-232, Part I.
9/22/2005House Committee on Ways and Means Granted an extension for further consideration ending not later than Sept. 30, 2005.
9/30/2005House Committee on Ways and Means Granted an extension for further consideration ending not later than Nov. 4, 2005.
11/04/2005House Committee on Ways and Means Granted an extension for further consideration ending not later than Nov. 18, 2005.
11/09/2005Committee Consideration and Mark-up Session Held.
Put on a legislative calendar11/09/2005Ordered to be Reported (Amended) by the Yeas and Nays: 23 - 17.
11/19/2005House Committee on Ways and Means Granted an extension for further consideration ending not later than Dec. 6, 2005.
12/06/2005Reported (Amended) by the Committee on Ways and Means. H. Rept. 109-232, Part II.
Put on a legislative calendar12/06/2005Placed on the Union Calendar, Calendar No. 172.
12/15/2005Rules Committee Resolution H. Res. 602 Reported to House. Rule provides for consideration of H.R. 2830 with 1 hour and 30 minutes of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. In lieu of the amendments recommended by the Committees on Education and the Workforce and Ways and Means now printed in the bill, the amendment in the nature of a substitute printed in part A of the report of the Committee on Rules accompanying this resolution shall be considered as adopted. Measure will be considered read. Bill is closed to amendments. During consideration of H.R. 2830 pursuant to this resolution, notwithstanding the operation of the previous question, the Chair may postpone further consideration of the bill to a time designated by the Speaker.
12/15/2005Rule H. Res. 602 passed House.
12/15/2005Considered under the provisions of rule H. Res. 602.
12/15/2005Rule provides for consideration of H.R. 2830 with 1 hour and 30 minutes of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. In lieu of the amendments recommended by the Committees on Education and the Workforce and Ways and Means now printed in the bill, the amendment in the nature of a substitute printed in part A of the report of the Committee on Rules accompanying this resolution shall be considered as adopted. Measure will be considered read. Bill is closed to amendments. During consideration of H.R. 2830 pursuant to this resolution, notwithstanding the operation of the previous question, the Chair may postpone further consideration of the bill to a time designated by the Speaker.
12/15/2005Amendment in the nature of a substitute reported by the House Committee on Rules.
12/15/2005DEBATE - Pursuant to the provisions of H. Res. 602, the House proceeded with 90 minutes of general debate on H.R. 2830.
12/15/2005On agreeing to the Rules amendment (A001) Agreed to pursuant to H. Res. 602.
12/15/2005The previous question was ordered pursuant to the rule.
12/15/2005Mr. Miller, George moved to recommit with instructions to Education and Labor and Ways and Means.
12/15/2005Floor summary: DEBATE - The House proceeded with 10 minutes of debate, equally divided and controlled, on the George Miller (CA) motion to recommit with instructions. The instructions contained in the motion seek to insert a complete new text.
12/15/2005The previous question on the motion to recommit with instructions was ordered without objection.
select this voteVote12/15/2005On Motion to Recommit with Instructions: H.R. 2830 Pension Protection Act
select this voteHouse Vote on Passage12/15/2005On Passage - House - H.R. 2830 Pension Protection Act
12/16/2005Received in the Senate.
Put on a legislative calendar1/27/2006Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 357.
3/03/2006Measure laid before Senate by unanimous consent.
3/03/2006Senate insists on its amendment, asks for a conference, appoints conferees Grassley; Hatch; Lott; Snowe; Santorum; Enzi; Gregg; DeWine; Isakson; Baucus; Rockefeller; Conrad; Bingaman; Kennedy; Harkin; Mikulski.
3/03/2006See also S.1783.
select this voteSenate Vote on Passage3/03/2006Passed Senate with an amendment by Unanimous Consent.
3/03/2006Amendment SA 2901 proposed by Senator Frist.
currently selectedVote3/03/2006Amendment SA 2901 agreed to in Senate by Unanimous Consent.
3/06/2006Message on Senate action sent to the House.
3/08/2006Mr. McKeon asked unanimous consent that the House disagree to the Senate amendment, and agree to a conference.
3/08/2006On motion that the House disagree to the Senate amendment, and agree to a conference Agreed to without objection.
3/08/2006Mr. Miller, George moved that the House instruct conferees.
3/08/2006DEBATE - The House proceeded with one hour of debate on the George Miller of California motion to instruct conferees. Instructions seek to direct the managers on the part of the House to (1) agree to the provisions contained in sections 403 and 413 of the Senate amendment; (2) insist on the provisions contained in section 907 of the bill as passed by the House; (3) insist on the provisions contained in section 902 of the bill as passed by the House; and (4) insist on a conference report that imposes the smallest additional funding requirements (permitted within the scope of conference) on companies that sponsor pension plans if there is no reasonable likelihood the termination of the plan would impose additional liabilities to the Pension Benefit Guaranty Corporation or there is no reasonable likelihood the plan sponsor would terminate the plan in bankruptcy.
3/08/2006The previous question was ordered without objection.
3/08/2006POSTPONED PROCEEDINGS - At the conclusion of debate on the George Miller of California motion to instruct conferees, the Chair put the question of adoption of the motion and by voice vote, announced that the noes had prevailed. Mr. George Miller of California demaned the yeas and nays and the Chair postponed further proceedings on adoption of the motion until later in the legislative day.
3/08/2006Considered as unfinished business.
3/08/2006The Speaker appointed conferees - from the Committee on Education and the Workforce for consideration of the House bill and the Senate amendment thereto, and modifications committed to conference: McKeon, Johnson, Sam, Kline, Tiberi, Miller, George, Payne, and Andrews.
3/08/2006The Speaker appointed conferees - from the Committee on Ways and Means for consideration of the House bill and the Senate amendment thereto, and modifications committed to conference: Thomas, Camp (MI), and Rangel.
3/08/2006The Speaker appointed a conferee for consideration of the House bill and the Senate amendment thereto, and modifications committed to conference: Boehner.
select this voteVote3/08/2006On Motion to Instruct Conferees: H.R. 2830 Pension Protection Act of 2005
4/05/2006NOTICE OF INTENT TO OFFER MOTION TO INSTRUCT - Mr. George Miller (CA) notified the House of his intention to offer a motion to instruct conferees on H.R. 2830.
4/06/2006Mr. Miller, George moved that the House instruct conferees.
4/06/2006DEBATE - The House proceeded with one hour of debate on the George Miller (CA) motion to instruct conferees. Instructions contained within the motion seek to instruct the managers on the part of the House to agree to the provisions contained in the Senate amendment regarding the prohibition of wearaway in connection with conversions to cash balance plans and the establishment of procedures affecting participants' benefits in connection with the conversion to such plans and not agree to the provisions contained in title VII of the bill as passed by the House.
4/06/2006The previous question was ordered without objection.
select this voteVote4/06/2006On Motion to Instruct Conferees: H.R. 2830 Pension Protection Act of 2005
5/03/2006Mr. Miller, George moved that the House instruct conferees.
5/03/2006DEBATE - The House proceeded with one hour of debate on the George Miller (CA) motion to instruct conferees. Instructions seek to direct the managers on the part of the House to recede to the provisions contained in the Senate amendment regarding restrictions on funding of nonqualified deferred compensation plans, except that (1) the managers insist that the restrictions regarding executive compensation, including under nonqualified plans, be the same as restrictions regarding benefits for workers and retirees under qualified pension plans, (2) managers insist that the definition of "covered employee" include the CEO of the plan sponsor, any other employee of the plan sponsor who is a "covered employee", and any other individual who is an officer or employee within the meaning of section 16(b) of the Securities Exchange Act of 1934, and (3) managers shall insist on the date in the House passed bill.
5/03/2006The previous question was ordered without objection.
5/03/2006POSTPONED PROCEEDINGS - At the conclusion of debate on the Miller (CA) motion to instruct conferees, the Chair put the question on adoption of the motion and by voice vote announced that the noes had prevailed. Mr. Miller (CA) demanded the yeas and nays and the Chair postponed further proceedings until later in the legislative day.
5/03/2006Considered as unfinished business.
select this voteVote5/04/2006On Motion to Instruct Conferees: H.R. 2830 Pension Protection Act of 2005
7/20/2006Mr. Miller, George moved that the House instruct conferees.
7/20/2006DEBATE - The House proceeded with one hour of debate on the George Miller (CA) motion to instruct conferees. Instructions seek to direct the managers on the part of the House to agree to the provisions contained in subsections (a) through (d) of section 601 of the Senate amendment; not to agree with the provisions contained in title VII of the bill as passed the House; and agree to the provisions contained in section 413 of the Senate amendment, but only with respect to plan terminations occurring on or after September 11, 2001.
7/20/2006The previous question was ordered without objection.
7/20/2006POSTPONED PROCEEDINGS - At the conclusion of debate on the George Miller (CA) motion to instruct conferees the Chair put the question on adoption of the motion and by voice vote, announced that the noes had prevailed. Mr. George Miller (CA) demanded the yeas and nays and the Chair postponed further proceedings on the question of adoption of the motion until a later time.
select this voteVote7/25/2006On Motion to Instruct Conferees: H.R. 2830 Pension Protection Act of 2005
7/25/2006Mr. Miller, George moved that the House instruct conferees.
7/25/2006DEBATE - The House proceeded with one hour of debate on the George Miller motion to instruct conferees.
7/25/2006The previous question was ordered without objection.
7/25/2006POSTPONED PROCEEDINGS - At the conclusion of debate on the George Miller motion to instruct conferees, the Chair put the question on adoption of the motion to instruct and by voice vote announced that the noes had prevailed. Mr. George Miller demanded the yeas and nays and the Chair postponed further proceedings on adoption of the motion until a time to be announced.
7/27/2006Considered as unfinished business.
select this voteVote7/27/2006On Motion to Instruct Conferees: H.R. 2830 Pension Protection Act of 2005
NumberSponsorDate OfferedStatus
currently selectedS. Amdt. 2901Frist, William [R-TN]March 3, 2006Passed by voice vote on March 3, 2006.

In the nature of a substitute.

Actions

March 3, 2006, 12:00 am ET - Amendment SA 2901 proposed by Senator Frist.
March 3, 2006, 12:00 am ET - Amendment SA 2901 agreed to in Senate by Unanimous Consent.

Full Text of this Amendment

The text of this amendment is not available.
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Pension Security and Transparency Act of 2005: Amendment SA 2901 agreed to in Senate by Unanimous Consent.

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Includes reported contributions to congressional campaigns of Senators in office on day of vote, from interest groups invested in the vote according to MapLight, January 1, 2001 – December 31, 2006.
Contributions data source: OpenSecrets.org

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Legislator Filters
NamePartyState$ From Interest Groups
That Supported
$ From Interest Groups
That Opposed
Vote
Daniel K. AkakaDHI$0$0Yes
Andrew Lamar AlexanderRTN$0$0Yes
Alan Wayne AllardRCO$0$0Yes
George AllenRVA$0$0Yes
Max BaucusDMT$0$0Yes
Birch "Evan" BayhDIN$0$0Yes
Bob BennettRUT$0$0Yes
Joe BidenDDE$0$0Yes
Jesse "Jeff" BingamanDNM$0$0Yes
Christopher "Kit" BondRMO$0$0Yes
Barbara BoxerDCA$0$0Yes
Sam BrownbackRKS$0$0Yes
Jim BunningRKY$0$0Yes
Conrad BurnsRMT$0$0Yes
Richard BurrRNC$0$0Yes
Robert ByrdDWV$0$0Yes
Maria CantwellDWA$0$0Yes
Tom CarperDDE$0$0Yes
Lincoln ChafeeRRI$0$0Yes
Clarence Saxby ChamblissRGA$0$0Yes
Hillary ClintonDNY$0$0Yes
Tom CoburnROK$0$0Yes
William Thad CochranRMS$0$0Yes
Norm ColemanRMN$0$0Yes
Susan M. CollinsRME$0$0Yes
Gaylord Kent ConradDND$0$0Yes
John CornynRTX$0$0Yes
Larry CraigRID$0$0Yes
Mike CrapoRID$0$0Yes
Mark DaytonDMN$0$0Yes
Jim DeMintRSC$0$0Yes
Mike DeWineROH$0$0Yes
Chris DoddDCT$0$0Yes
Mary Elizabeth DoleRNC$0$0Yes
Pete DomeniciRNM$0$0Yes
Byron DorganDND$0$0Yes
Dick DurbinDIL$0$0Yes
John EnsignRNV$0$0Yes
Mike EnziRWY$0$0Yes
Russ FeingoldDWI$0$0Yes
Dianne FeinsteinDCA$0$0Yes
Bill FristRTN$0$0Yes
Lindsey GrahamRSC$0$0Yes
Chuck GrassleyRIA$0$0Yes
Judd GreggRNH$0$0Yes
Chuck HagelRNE$0$0Yes
Tom HarkinDIA$0$0Yes
Orrin G. HatchRUT$0$0Yes
Kay Bailey HutchisonRTX$0$0Yes
Jim InhofeROK$0$0Yes
Dan InouyeDHI$0$0Yes
Johnny IsaksonRGA$0$0Yes
Jim JeffordsIVT$0$0Yes
Tim JohnsonDSD$0$0Yes
Ted KennedyDMA$0$0Yes
John F. KerryDMA$0$0Yes
Herb KohlDWI$0$0Yes
Jon KylRAZ$0$0Yes
Mary L. LandrieuDLA$0$0Yes
Frank R. LautenbergDNJ$0$0Yes
Patrick J. LeahyDVT$0$0Yes
Carl LevinDMI$0$0Yes
Joe LiebermanICT$0$0Yes
Blanche LincolnDAR$0$0Yes
Chester Trent LottRMS$0$0Yes
Dick LugarRIN$0$0Yes
Mel MartinezRFL$0$0Yes
John McCainRAZ$0$0Yes
Addison "Mitch" McConnellRKY$0$0Yes
Bob MenéndezDNJ$0$0Yes
Barbara A. MikulskiDMD$0$0Yes
Lisa MurkowskiRAK$0$0Yes
Patty MurrayDWA$0$0Yes
Earl "Ben" NelsonDNE$0$0Yes
Clarence "Bill" NelsonDFL$0$0Yes
Barack ObamaDIL$0$0Yes
Mark L. PryorDAR$0$0Yes
John "Jack" ReedDRI$0$0Yes
Harry ReidDNV$0$0Yes
Charles "Pat" RobertsRKS$0$0Yes
John "Jay" RockefellerDWV$0$0Yes
Ken SalazarDCO$0$0Yes
Rick SantorumRPA$0$0Yes
Paul SarbanesDMD$0$0Yes
Chuck SchumerDNY$0$0Yes
Jeff SessionsRAL$0$0Yes
Richard C. ShelbyRAL$0$0Yes
Gordon SmithROR$0$0Yes
Olympia J. SnoweRME$0$0Yes
Arlen SpecterDPA$0$0Yes
Debbie StabenowDMI$0$0Yes
Ted StevensRAK$0$0Yes
John SununuRNH$0$0Yes
Jim TalentRMO$0$0Yes
Craig ThomasRWY$0$0Yes
John ThuneRSD$0$0Yes
David VitterRLA$0$0Yes
George VoinovichROH$0$0Yes
John WarnerRVA$0$0Yes
Ron WydenDOR$0$0Yes

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