To prohibit the Secretary of the Treasury and the Board of Governors of the Federal Reserve System from providing bailouts or other financial assistance to a pension plan of a State or political subdivision thereof, and for other purposes.
USA115th CongressHR-1124| House
| Updated: 2/16/2017
Brian Babin
Republican Representative
Texas
Cosponsors (9)
Financial Services Committee, Education and Workforce Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
State and Local Pensions Accountability and Security Act This bill prohibits the Department of the Treasury and the Federal Reserve Board from providing any loan, grant, or other form of financial assistance in support of a state or local pension plan.
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Timeline
Introduced in House
Referred to the Committee on Education and the Workforce, and in addition to the Committee on Financial Services, 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.
Labor and Employment
Employee benefits and pensionsGovernment employee pay, benefits, personnel managementGovernment lending and loan guaranteesState and local government operations
To prohibit the Secretary of the Treasury and the Board of Governors of the Federal Reserve System from providing bailouts or other financial assistance to a pension plan of a State or political subdivision thereof, and for other purposes.
USA115th CongressHR-1124| House
| Updated: 2/16/2017
State and Local Pensions Accountability and Security Act This bill prohibits the Department of the Treasury and the Federal Reserve Board from providing any loan, grant, or other form of financial assistance in support of a state or local pension plan.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the Committee on Education and the Workforce, and in addition to the Committee on Financial Services, 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.
Brian Babin
Republican Representative
Texas
Cosponsors (9)
Financial Services Committee, Education and Workforce Committee
Labor and Employment
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Employee benefits and pensionsGovernment employee pay, benefits, personnel managementGovernment lending and loan guaranteesState and local government operations