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Titles (2)

Short Titles

Short Titles - House of Representatives

Short Titles as Introduced

Fiscal Responsibility and Retirement Security Act

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To amend title XXXII of the Public Health Service Act to require review and approval by law prior to collection of premiums under the CLASS program, to require notice to individuals prior to enrollment, and to require termination of the program in the event of actuarial unsoundness, and for other purposes.

Actions Overview (1)

Date Actions Overview
07/26/2010Introduced in House

All Actions (4)

Date All Actions
07/26/2010Referred to House Rules
Action By: House of Representatives
07/26/2010Referred to House Energy and Commerce
Action By: House of Representatives
07/26/2010Referred to the Committee on Energy and Commerce, and in addition to the Committee on Rules, 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.
Action By: House of Representatives
07/26/2010Introduced in House
Action By: House of Representatives

Cosponsors (23)

Committees (2)

Committees, subcommittees and links to reports associated with this bill are listed here, as well as the nature and date of committee activity and Congressional report number.

Committee / Subcommittee Date Activity Reports
House Energy and Commerce07/26/2010 Referred to
House Rules07/26/2010 Referred to

No related bill information was received for H.R.5853.

Latest Summary (1)

There is one summary for H.R.5853. View summaries

Shown Here:
Introduced in House (07/26/2010)

Fiscal Responsibility and Retirement Security Act - Amends the Public Health Service Act, as amended by the Patient Protection and Affordable Care Act, to require congressional approval of the designation by the Secretary of Health and Human Services (HHS) of a benefit plan as the CLASS Independence Benefit Plan under the CLASS program (a national, voluntary insurance program for purchasing community living assistance services and supports). Sets forth procedures for such congressional approval by joint resolution.

Prohibits an employer from enrolling an employee in the CLASS program without providing specified notice to the employee, which includes: (1) the significant risk of failure of such a program; (2) information on deficits that the program is expected to run; (3) a statement that there is no separate pool of money set aside to pay the CLASS program benefits; and (4) an explanation of the immediate termination of the program if it is reported to be actuarially unsound.

Prohibits premiums from being collected before the Secretary has promulgated the required regulations in final form.

Terminates such program if the report by the Board of Trustees of the CLASS Independence Fund indicates that the Fund is projected to be actuarially unsound over the 75-year period beginning with the fiscal year in which such report is submitted. Establishes a refund process.