TIME OUT – Retirement Security Bill on Hold Till July

June 23, 2000 (PLANSPONSOR.com) - The House Ways and Means Committee has deferred action on a retirement security bill after the July 4th congressional recess. A number of proposals to increase pension coverage, expand pension portability, promote savings and enhance pension security have been floating on the Hill.

Committee member Rep. Rob Portman (R-Ohio) says the delay will provide extra time to work with Democrats in an effort to keep the legislation “totally bipartisan”, according to BNA Pension & Benefits Reporter. 

Portman is co-sponsor of H.R. 1102, which provided many of the pension provisions in H.R. 3081.  H.R. 3081 was approved by the House in March, including $45.7 billion in tax cuts and a minimum wage increase.

Although a date hasn’t been set, a House source told BNA that a July 14 markup was being considered.

– Nevin Adams        editors@plansponsor.com