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- S.1550
S.1550: Pension Stability Act
About This Bill
- This bill was introduced in the 108th Congress
- This bill is primarily about congress
- Introduced July 31, 2003
- Latest Major Action July 31, 2003
Bill Sponsor
Bill Cosponsor
Bill Summary
Pension Stability Act - Amends the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code to replace the 30-year Treasury rate with a rate based on conservatively invested long-term corporate bonds for certain pension plan funding requirements. Sets forth rules for phasing in such new interest rate. Establishes the Commission on Defined Benefit Pension Plans.
(Source: Library of Congress)
Bill Actions
| Date | Description |
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Sponsor introductory remarks on measure.
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Read twice and referred to the Committee on Finance.
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| July 31, 2003 |
Introduced in the Senate by Judd Gregg (R-N.H.) |