H.R. 6290: Public Employee Pension Transparency Act
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H.R. 6290: Public Employee Pension Transparency Act
115th Congress · introduced 2018-06-28 · Taxation · Latest: Referred to the House Committee on Ways and Means.
federal
Follow this bill, step by step
- Where it came from: introduced 2018-06-28 · official record
- Who proposed it: Rep. Nunes, Devin [R-CA-22] · what a sponsor is
- What happened next: no floor votes in our records yet. Why?
- Where it stands now: Referred to the House Committee on Ways and Means. 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.
Official title
Public Employee Pension Transparency Act
Plain summary
Public Employee Pension Transparency Act This bill amends the Internal Revenue Code to deny the tax exemption for interest on state and local bonds to bonds issued by a state or political subdivision that does not comply with specified reporting requirements for state or local government employee pension benefit plans. For the tax exemption to apply, sponsors of a state or local government employee pension benefit plan must submit annual reports to the Department of the Treasury that include details regarding: the funding status of the plan, contributions by the plan sponsor for the plan year, projections for each of the next 60 plan years of the cash flows associated with the plan liability, actuarial assumptions used for the plan year, the types of plan participants, investment returns, the funding policy and the degree to which unfunded liabilities are expected to be eliminated, the amount of pension obligation bonds outstanding, the current cost of the plan for the plan year, and administrative and investment expenses. Treasury must: (1) develop model reporting statements, and (2) create and maintain a searchable public website for posting pension plan information required by this bill. The bill also grants the United States an exemption from liability for any current or future shortfall in any state or local government employee pension plan.
Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.
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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
Public Employee Pension Transparency Act
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. Nunes, Devin [R-CA-22] · 4 cosponsors
Cost estimate: No cost estimate published yet.
Cosponsors on this site
Ken Calvert (R-CA), Tom McClintock (R-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 (4)
- 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).
- Bond
- A way to borrow money. A government sells bonds to raise money now and promises to pay it back with interest over time. Bonds repaid from taxes often need voter approval.
- Exemption
- A rule that removes certain people, property or activities from a tax or requirement.
- Obligation
- A binding promise by a government agency to pay money, for example by signing a contract or awarding a grant. Spending data such as USAspending.gov counts money when it is obligated, which can be before it is actually paid out.
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-115hr6290.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/115/hr>
Record fed-us-cong115-hr6290 · catalog fed-us-congress-bills-cong115 · updated 2026-11-15 by psicol fed-bills-cong115