I
113th CONGRESS
2d Session
H. R. 5773
IN THE HOUSE OF REPRESENTATIVES
December 1, 2014
Mr. Crowley introduced the following bill; which was referred to the Committee on Education and the Workforce, and in addition to the Committee on Ways and Means, 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
A BILL
To amend the Internal Revenue Code of 1986 and the Employee Retirement Income Security Act of 1974 to extend certain provisions relating to multiemployer defined benefit pension plans.
Extension of automatic extension of amortization periods
Amendment to Internal Revenue Code of 1986
Subparagraph (C) of section 431(d)(1) of the Internal Revenue Code of 1986 is amended by striking December 31, 2014
and inserting December 31, 2015
.
Amendment to Employee Retirement Income Security Act of 1974
Subparagraph (C) of section 304(d)(1) of the Employee Retirement Income Security Act of 1974 (29
U.S.C. 1084(d)(1)(C)) is amended by striking December 31, 2014
and inserting December 31, 2015
.
Effective date
The amendments made by this section shall apply to applications submitted under section 431(d)(1)(A) of the Internal Revenue Code of 1986 and section 304(d)(1)(C) of the Employee Retirement Income Security Act of 1974 after December 31, 2014.
Extension of funding improvement and rehabilitation plan rules
In general
Paragraphs (1) and (2) of section 221(c) of the Pension Protection Act of 2006 are each amended by
striking December 31, 2014
and inserting December 31, 2015
.
Conforming amendment
Paragraph (2) of section 221(c) of the Pension Protection Act of 2006 is amended by striking January 1, 2015
and inserting January 1, 2016
.
Effective date
The amendments made by this section shall apply to plan years beginning after December 31, 2014.