H.R.2830: Pension Security and Transparency Act of 2005

Referred 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.

Referred to House Education and the Workforce

Referred to House Ways and Means

Committee Hearings Held.

Referred to the Subcommittee on Employer-Employee Relations.

Subcommittee Consideration and Mark-up Session Held.

Forwarded by Subcommittee to Full Committee (Amended) by Voice Vote.

Committee Consideration and Mark-up Session Held.

Ordered to be Reported (Amended) by the Yeas and Nays: 27 - 0.

Reported (Amended) by the Committee on Education and the Workforce. H. Rept. 109-232, Part I.

House Committee on Ways and Means Granted an extension for further consideration ending not later than Sept. 30, 2005.

House Committee on Ways and Means Granted an extension for further consideration ending not later than Nov. 4, 2005.

House Committee on Ways and Means Granted an extension for further consideration ending not later than Nov. 18, 2005.

Committee Consideration and Mark-up Session Held.

Ordered to be Reported (Amended) by the Yeas and Nays: 23 - 17.

House Committee on Ways and Means Granted an extension for further consideration ending not later than Dec. 6, 2005.

Reported (Amended) by the Committee on Ways and Means. H. Rept. 109-232, Part II.

Placed on the Union Calendar, Calendar No. 172.

Rules 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.

Rule H. Res. 602 passed House.

Considered under the provisions of rule H. Res. 602.

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.

DEBATE - Pursuant to the provisions of H. Res. 602, the House proceeded with 90 minutes of general debate on H.R. 2830.

The previous question was ordered pursuant to the rule.

Mr. Miller, George moved to recommit with instructions to Education and Labor and Ways and Means.

Floor 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.

The previous question on the motion to recommit with instructions was ordered without objection.

On motion to recommit with instructions Failed by the Yeas and Nays: 200 - 227 (Roll no. 634).

On passage Passed by recorded vote: 294 - 132 (Roll no. 635).

Motion to reconsider laid on the table Agreed to without objection.

Received in the Senate.

Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 357.

Measure laid before Senate by unanimous consent.

Passed Senate with an amendment by Unanimous Consent.

Senate 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.

See also S.1783.

Message on Senate action sent to the House.

Mr. McKeon asked unanimous consent that the House disagree to the Senate amendment, and agree to a conference.

On motion that the House disagree to the Senate amendment, and agree to a conference Agreed to without objection.

Motion to reconsider laid on the table Agreed to without objection.

Mr. Miller, George moved that the House instruct conferees.

DEBATE - 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.

The previous question was ordered without objection.

POSTPONED 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.

Considered as unfinished business.

On motion that the House instruct conferees Agreed to by the Yeas and Nays: 265 - 158 (Roll no. 22).

The 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.

The 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.

The Speaker appointed a conferee for consideration of the House bill and the Senate amendment thereto, and modifications committed to conference: Boehner.

NOTICE 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.

Mr. Miller, George moved that the House instruct conferees.

DEBATE - 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.

The previous question was ordered without objection.

On motion that the House instruct conferees Agreed to by the Yeas and Nays: 248 - 178 (Roll no. 93).

Motion to reconsider laid on the table Agreed to without objection.

Mr. Miller, George moved that the House instruct conferees.

DEBATE - 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.

The previous question was ordered without objection.

POSTPONED 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.

Considered as unfinished business.

On motion that the House instruct conferees Agreed to by the Yeas and Nays: 299 - 125 (Roll no. 122).

Motion to reconsider laid on the table Agreed to without objection.

Mr. Miller, George moved that the House instruct conferees.

DEBATE - 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.

The previous question was ordered without objection.

POSTPONED 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.

On motion that the House instruct conferees Agreed to by the Yeas and Nays: 281 - 139 (Roll no. 399).

Motion to reconsider laid on the table Agreed to without objection.

Mr. Miller, George moved that the House instruct conferees.

DEBATE - The House proceeded with one hour of debate on the George Miller motion to instruct conferees.

The previous question was ordered without objection.

POSTPONED 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.

Considered as unfinished business.