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Compliance November 6, 2001
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.
Reported by editors@plansponsor.com
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