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H.R. 4955: Pension and Budget Integrity Act of 2016

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H.R. 4955: Pension and Budget Integrity Act of 2016

114th Congress · introduced 2016-04-15 · Labor and Employment · Latest: Referred to the Subcommittee on Health, Employment, Labor, and Pensions.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2016-04-15 · official record
  2. Who proposed it: Rep. Renacci, James B. [R-OH-16] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Referred to the Subcommittee on Health, Employment, Labor, and Pensions. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Pension and Budget Integrity Act of 2016

Plain summary

Pension and Budget Integrity Act of 2016 This bill amends the Employee Retirement Income Security Act of 1974 (ERISA) to exclude the receipts and disbursements of the Pension Benefit Guaranty Corporation (PBGC) from the federal budget. (The PBGC is a federal agency that insures the benefits of private sector, defined benefit pension plans. The PBGC receives no federal funds and is financed by insurance premiums paid by sponsors of the plans, investment income, assets from pension plans taken over by the PBGC, and recoveries from the companies formerly responsible for the plans.)

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Pension and Budget Integrity Act of 2016

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

Arguments for (supporters)

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Arguments against (opponents)

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Renacci, James B. [R-OH-16] · 21 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Daniel Webster (R-FL), Mark Pocan (D-WI), Mike Kelly (R-PA), Darin LaHood (R-IL), Glenn Grothman (R-WI), Debbie Dingell (D-MI), Scott H. Peters (D-CA), Jim Costa (D-CA), Mark DeSaulnier (D-CA)

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (2)
Bill
A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Securities
Financial investments that can be bought and sold, such as stocks and bonds.

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong114-hr4955 · catalog fed-us-congress-bills-cong114 · updated 2026-11-15 by psicol fed-bills-cong114