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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries

Titles (2)

Short Titles

Short Titles - House of Representatives

Short Titles as Introduced

Vested Employee Pension Benefit Protection Act

Official Titles

Official Titles - House of Representatives

Official Title as Introduced

To amend the Internal Revenue Code of 1986 to protect employees in the building and construction industry who are participants in multiemployer plans, and for other purposes.


Actions Overview (1)

Date
08/11/2017Introduced in House

All Actions (3)

Date
08/11/2017Referred 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.
Action By: House of Representatives
08/11/2017Referred 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.
Action By: House of Representatives
08/11/2017Introduced in House
Action By: House of Representatives

Cosponsors (5)

* = Original cosponsor
CosponsorDate Cosponsored
Rep. Bost, Mike [R-IL-12]* 08/11/2017
Rep. Clay, Wm. Lacy [D-MO-1]* 08/11/2017
Rep. Davis, Rodney [R-IL-13]* 08/11/2017
Rep. Sessions, Pete [R-TX-32]* 08/11/2017
Rep. Shimkus, John [R-IL-15] 10/23/2017

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 Ways and Means08/11/2017 Referred to
House Education and the Workforce08/11/2017 Referred to

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Subjects (4)


Latest Summary (1)

There is one summary for H.R.3648. View summaries

Shown Here:
Introduced in House (08/11/2017)

Vested Employee Pension Benefit Protection Act

This bill amends the Internal Revenue Code to allow employees in the building and construction industry to make distributions from their tax-exempt multi-employer pension plan at age 55 if: (1) they are not separated from employment at the time of such distributions, (2) they were participants in such plan on or before April 30, 2013, and (3) the plan provides for payment of separate accrued benefits when the employee attains the plan's normal retirement age.

The bill suspends payment of distributions for such building and construction industry employees if their multi-employer plan is in endangered or critical status.