Pension and Budget Integrity Act of 2019

Pension and Budget Integrity Act of 2019

This bill prohibits certain provisions from being counted as an offset to determine budget points of order for legislation in the House of Representatives or the Senate. Specifically, a provision that increases or extends an increase of single-employer pension program premiums payable to the Pension Benefit Guaranty Corporation (PBGC) may not be counted as such an offset.

(The PBGC is a federal agency that insures the benefits of private sector, defined benefit pension plans. The PBGC is financed by insurance premiums paid by sponsors of the plans, investment income, assets from pension plans taken over by the PBGC, and recoveries from the companies formerly responsible for the plans.)

[Congressional Bills 116th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4035 Introduced in House (IH)]

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116th CONGRESS
  1st Session
                                H. R. 4035

 To prohibit the use of premiums paid to the Pension Benefit Guaranty 
          Corporation as an offset for other Federal spending.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             July 25, 2019

    Mr. Kilmer (for himself, Mr. Holding, and Mr. Gonzalez of Ohio) 
 introduced the following bill; which was referred to the Committee on 
Rules, and in addition to the Committee on the Budget, 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 prohibit the use of premiums paid to the Pension Benefit Guaranty 
          Corporation as an offset for other Federal spending.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Pension and Budget Integrity Act of 
2019''.

SEC. 2. PROHIBITION ON THE USE OF PREMIUMS AS AN OFFSET.

    (a) In General.--In the Senate and the House of Representatives, 
for purposes of determining points of order under the Congressional 
Budget Act of 1974 (2 U.S.C. 621 et seq.) or any concurrent resolution 
on the budget, any provision that increases, or extends the increase 
of, any single-employer pension program premiums payable to the Pension 
Benefit Guaranty Corporation shall not be counted in estimating the 
level of budget authority, outlays, or revenues--
            (1) in the Senate, for any bill, joint resolution, 
        amendment, amendment between the Houses, conference report, or 
        motion; or
            (2) in the House of Representatives, for any bill or joint 
        resolution, or amendment thereto or conference report thereon.
    (b) Rules of Senate and House of Representatives.--Congress adopts 
the provisions of this section--
            (1) as an exercise of the rulemaking power of the Senate 
        and the House of Representatives, respectively, and as such is 
        deemed a part of the rules of each House, respectively, and 
        supersede other rules only to the extent that they are 
        inconsistent with such rules; and
            (2) with full recognition of the constitutional right of 
        either House to change the rules (so far as relating to the 
        procedure of that House) at any time, in the same manner, and 
        to the same extent as in the case of any other rule of that 
        House.
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