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Limiting Funding for Pension Oversight Agency

This bill proposes that for the fiscal year 2024, the government agency responsible for guaranteeing pension benefits (Pension Benefit Guaranty Corporation) would receive no funds for salaries and expenses. This means its operations related to paying staff and covering operational costs would cease. This could impact the agency's ability to oversee pension funds and potentially the security of future pension benefits.
Key points
No funds for PBGC salaries and expenses in fiscal year 2024.
Potential disruption to pension fund oversight and benefit guarantees.
article Official text account_balance Process page
Expired
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No votes cast
Additional Information
Print number: 118_HR_1933
Sponsor: Rep. Biggs, Andy [R-AZ-5]
Process start date: 2023-03-29
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

To provide for a limitation on availability of funds for Department of Labor, Pension Benefit Guaranty Corporation, Salaries and Expenses for fiscal year 2024.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_1933.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2023-03-29.

What are the main provisions?

Key points include:

  • No funds for PBGC salaries and expenses in fiscal year 2024.
  • Potential disruption to pension fund oversight and benefit guarantees.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Biggs, Andy [R-AZ-5].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Education and the Workforce.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

CATEGORIES

Labor Benefits