H.R. 3596: Rightsizing Pension Premiums Act of 2017

115th Congress · introduced 2017-07-28 · Labor and Employment · Latest: Referred to the Committee on Education and the Workforce, and in addition to the Committees on Rules, and the Budget, 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.

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Follow this bill, step by step

Where it came from: introduced 2017-07-28 · official record
Who proposed it: Rep. Kelly, Mike [R-PA-3] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Referred to the Committee on Education and the Workforce, and in addition to the Committees on Rules, and the Budget, 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. Not final yet: this can still change. We check for updates every day.
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

Rightsizing Pension Premiums Act of 2017

Plain summary

Rightsizing Pension Premiums Act of 2017 This bill amends the Employee Retirement Income Security Act of 1974 (ERISA) to: (1) modify the formula that the Pension Benefit Guaranty Corporation (PBGC) uses to calculate the funded percentage of single-employer pension plans, and (2) reduce single-employer PBGC premiums for pension plans that are sponsored by certain small employers or have specified PBGC funded percentages. The bill also prohibits the budget effects of provisions that change PBGC premiums from being counted for the purposes of determining budget points of order for legislation in the House or the Senate. (The PBGC is a federal agency that insures the benefits of private sector, defined benefit pension plans. The PBGC 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.

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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.

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What does this mean? (plain words)

Official text

Rightsizing Pension Premiums Act of 2017

Source: Congressional Research Service summary (Introduced in House)

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

Officials and money

Sponsor: Rep. Kelly, Mike [R-PA-3] · 137 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Roger Marshall (R-KS), Frank D. Lucas (R-OK), David Rouzer (R-NC), Ann Wagner (R-MO), Sam Graves (R-MO), Darin LaHood (R-IL), Nydia M. Velázquez (D-NY), Tom Emmer (R-MN), Joe Wilson (R-SC), Darren Soto (D-FL), Scott DesJarlais (R-TN), Bill Huizenga (R-MI), Paul A. Gosar (R-AZ), Jason Smith (R-MO), David Kustoff (R-TN), Gregory W. Meeks (D-NY), Ron Estes (R-KS), Daniel Webster (R-FL), Trent Kelly (R-MS), Yvette D. Clarke (D-NY), Bradley Scott Schneider (D-IL), Vicente Gonzalez (D-TX) and 77 more.

Sponsor's campaign money: Rep. Kelly, Mike [R-PA-3] reported raising $1.4 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

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 (3)

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.
Sponsor and cosponsor: The sponsor is the member who introduces a bill and leads it. Cosponsors are other members who sign on to show support.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Introduced in House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-115hr3596.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/115/hr>

Record fed-us-cong115-hr3596 · catalog fed-us-congress-bills-cong115 · updated 2026-11-15 by psicol fed-bills-cong115