H.R. 2683House110th Congress (2007-2009)In Committee

Pension Security Act of 2007

Introduced June 12, 2007

Legislative Activity

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2 earlier actions
HouseCommittee Latest Action

Referred to the Subcommittee on Health, Employment, Labor, and Pensions.

July 24, 2007

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HouseIntro Referral

Introduced in House

June 12, 2007

HouseIntro Referral

Referred to the House Committee on Education and Labor.

June 12, 2007

HouseCommittee

Referred to the Subcommittee on Health, Employment, Labor, and Pensions.

July 24, 2007

Floor Debate

24 members

What members said about H.R. 2683 on the floor

12 Republicans12 Democrats
K. Michael Conaway
Rep. K. Michael ConawayR-TX-11 · Sep 30, 2008

Madam Speaker, pursuant to the Republican Leadership standards on earmarks, I am submitting the following information for publication in the Congressional Record regarding the four earmarks I…

Ken Calvert
Rep. Ken CalvertR-CA-44 · Sep 25, 2008

Madam Speaker, I have received congressional appropriations in H.R. 2638, the Consolidated Security, Disaster Assistance, and Continuing Appropriations Act, FY 2009, for three projects in…

Solomon P. Ortiz
Rep. Solomon P. OrtizD-TX-27 · Jun 15, 2007

Mr. Chairman, I rise in support of the FY08 Homeland Security Appropriations bill--the House's first all-encompassing look at the security of our Nation. But I strongly oppose the proposition that a…

David E. Price
Rep. David E. PriceD-NC-4 · Jun 15, 2007

Mr. Chairman, I offer an amendment. Mr. Chairman, I have a simple and straightforward amendment that I am offering as a result of the long debate we've had, the many amendments we've adopted, and…

Robert B. Aderholt
Rep. Robert B. AderholtR-AL-4 · Jun 15, 2007

Mr. Chairman, I would like to reference two positive programs within this Homeland Security Appropriations bill that are making a difference in the 4th District of Alabama. For several years,…

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Connie Mack
Rep. Connie MackR-FL-14 · Jun 15, 2007

Mr. Chairman, I rise today to share a few thoughts on the Homeland Security bill and, more specifically, the Davis-Bacon expansion that is contained within this legislation. This is an important bill…

Donna M. Christensen
Rep. Donna M. ChristensenD-VI · Jun 15, 2007

Mr. Chairman, I would like to commend Chairman Obey and Ranking Member Lewis for their leadership in bringing the Department of Homeland Security Appropriations bill to the House floor. I would also…

Brian Higgins
Rep. Brian HigginsD-NY-27 · Jun 15, 2007

Mr. Chairman, I rise to congratulate this House on passing a homeland security appropriations bill that will protect the economies of Northern Border communities as well as protect us from terrorism.…

Carolyn B. Maloney
Rep. Carolyn B. MaloneyD-NY-14 · Jun 15, 2007

Mr. Chairman, I rise today in support of H.R. 2638, the FY 2008 Homeland Security Appropriations Act. I want to commend Chairman Price and Ranking Member Rogers for their leadership in getting the…

Steve Chabot
Rep. Steve ChabotR-OH-1 · Jun 15, 2007

Mr. Speaker, I thank the gentlewoman for yielding. Mr. Speaker, I want to join with my fellow Buckeye, Congresswoman Schmidt. I think we should take this moment to commemorate the passing of Donald…

Steny H. Hoyer
Rep. Steny H. HoyerD-MD-5 · Jun 15, 2007

Mr. Chairman, I would like to make Members aware now, so you have significant notice, in a full Chamber and very long in advance, that when the Committee rises, I intend to ask unanimous consent in…

Albio Sires
Rep. Albio SiresD-NJ-13 · Jun 15, 2007

Mr. Chairman, it was clear on September 11 that one of New Jersey's critical security weaknesses was the protection of chemical security plants and facilities. New Jersey did not wait around years…

Jerry Lewis
Rep. Jerry LewisR-CA-41 · Jun 15, 2007

Mr. Speaker, I offer a motion to recommit. I am. Mr. Speaker, this motion involves bold direction to provide the funds necessary to fund all aspects of the security barrier needed to protect our…

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Jean Schmidt
Rep. Jean SchmidtR-OH-2 · Jun 15, 2007

Mr. Speaker, I rise today to honor the memory of a great man, a former Member of this body who is being laid to rest as we speak. Donald Daniel Clancy was born in Cincinnati, Ohio, on July 24, 1921.…

Robert E. Andrews
Rep. Robert E. AndrewsD-NJ-1 · Jun 15, 2007

Mr. Speaker, I was unavoidably detained from voting this morning, Friday, June 15, 2007, as I was attending the graduation of my daughter. Had I been present I would have voted ``yea'' on the…

John B. Larson
Rep. John B. LarsonD-CT-1 · Jun 15, 2007

Madam Speaker, I regret that I did not vote on rollcall vote No. 475, on June 15, 2007. Had I been present, I would have voted: ``no'' on rollcall No. 475 on the amendment to H.R. 2638, to cut $125…

Sue Wilkins Myrick
Rep. Sue Wilkins MyrickR-NC-9 · Jun 15, 2007

Mr. Chairman, I was unable to participate in the following vote. If I had been present, I would have voted as follows: Rollcall vote 488, on agreeing to the Rogers (KY) amendment--H.R. 2638,…

Harold Rogers
Rep. Harold RogersR-KY-5 · Jun 15, 2007

Will the gentleman yield? We join you in the amendment. Mr. Chairman, I make a point of order against the amendment because it proposes to change existing law. It constitutes legislation in an…

Xavier Becerra
Rep. Xavier BecerraD-CA-31 · Jun 15, 2007

Mr. Chairman, today, I was unable to cast my floor vote on rollcall No. 482. Had I been present for the vote, I would have voted ``no'' on rollcall vote No. 482. Amendment No. 113 Offered by Mr.…

Mark Kirk
Rep. Mark KirkR-IL-10 · Jun 15, 2007

Mr. Chairman, on rollcall No. 489, I was inadvertently detained. Had I been present, I would have voted ``aye.'' Amendment Offered by Mr. Price of North Carolina

Todd Tiahrt
Rep. Todd TiahrtR-KS-4 · Jun 15, 2007

Mr. Chairman, on rollcall No. 476, I was inadvertently detained. Had I been present, I would have voted ``aye.'' Amendment No. 98 Offered by Mr. McCaul of Texas

Wally Herger
Rep. Wally HergerR-CA-2 · Jun 15, 2007

Mr. Chairman, on rollcall No. 485, I inadvertently voted ``no,'' when I meant to vote ``aye.'' Amendment No. 18 Offered by Mr. Royce

Linda T. Sánchez
Rep. Linda T. SánchezD-CA-39 · Jun 15, 2007

Madam Speaker, on rollcall 482 today I voted ``aye.'' I intended to vote ``no.''

David R. Obey
Rep. David R. ObeyD-WI-7 · Jun 15, 2007

Mr. Chairman, I offer an amendment.

Bill Text

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Introduced in HouseIssued June 12, 2007

I

110th CONGRESS

1st Session

H. R. 2683

IN THE HOUSE OF REPRESENTATIVES

June 12, 2007

Mr. Castle (for himself and Mr. Mahoney of Florida) introduced the following bill; which was referred to the Committee on Education and Labor

A BILL

To amend title I of the Employee Retirement Income Security Act of 1974 to require in the annual report of each defined benefit pension plan disclosure of plan investments in hedge funds.

1.

Short title

This Act may be cited as the Pension Security Act of 2007.

2.

Disclosure in annual report of investments in hedge funds by defined benefit pension plans

(a)

In general

Section 103(b) of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1023(b)) is amended—

(1)

in paragraph (3)(C), by striking value; and inserting value, including, in the case of a defined benefit pension plan, a separate schedule identifying each hedge fund (as defined in paragraph 5)) in which amounts held for investment under the plan are invested as of the end of the plan year covered by the annual report and the amount so invested in such hedge fund;; and

(2)

by adding at the end the following new paragraph:

(5)

For purposes of paragraph (3)(C), the term hedge fund means an unregistered investment pool permitted under sections 3(c)(1) and 3(c)(7) of the Investment Company Act of 1940 (15 U.S.C. 80a–3(c)(1), (7)) and section 4(2) of the Securities Act of 1933 (15 U.S.C. 77d(2)) and Rule 506 of Regulation D of the Securities and Exchange Commission (17 CFR 230.506).

.

(b)

Effective date; regulations

The amendments made by subsection (a) shall apply with respect to annual reports for plan years beginning on or after the date of the enactment of this Act. The Secretary of Labor, in consultation with the Securities and Exchange Commission, shall issue initial regulations to carry out the amendments made by subsection (a) not later than 1 year after the date of the enactment of this Act.