US Congress Senate Bill 2308 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Engrossed on December 11 2015 - 50% progression, died in chamber
Action: 2015-12-11 - Held at the desk.
Text: Latest bill text (Engrossed) [PDF]

Church Plan Clarification Act of 2015 (Sec. 2) This bill amends the Internal Revenue Code, with respect to the tax treatment of church pension plans, to: (1) provide that an organization otherwise eligible to participate in a church plan shall not be aggregated with another such organization and treated as a single employer with it for pension benefit rules and testing purposes unless one such organization provides at least 80% of the operating funds for the other organization during the recipient organization's preceding tax year and there is a degree of common management or supervision between the organizations, and (2) allow transfers and mergers of qualified church retirement plans without tax consequences. The bill amends the Tax Equity and Fiscal Responsibility Act of 1982 to adopt benefit accrual limitations for church defined benefits plans established before 1982. The bill also: (1) preempts any state law relating to wage, salary, or payroll payment, collection, deduction, garnishment, assignment, or withholding that would prohibit or restrict the inclusion in any church plan of an automatic contribution arrangement; and (2) allows church plans and their supporting organizations to invest plan assets in a group trust (as defined by Internal Revenue Service Revenue Rulings).

Church Plan Clarification Act of 2015

Sen. Benjamin Cardin [D-MD]

Sen. Rob Portman [R-OH]

Sen. Amy Klobuchar [D-MN]

Sen. Susan Collins [R-ME]

Date	Chamber	Action
2015-12-11	House	Held at the desk.
2015-12-11	House	Message on Senate action sent to the House.
2015-12-11	House	Received in the House.
2015-12-10	Senate	Passed Senate without amendment by Unanimous Consent. (text: CR S8617-8618)
2015-12-10	Senate	Senate Committee on Finance discharged by Unanimous Consent. (consideration: CR S8617-8618)
2015-11-19	Senate	Read twice and referred to the Committee on Finance.

HB4085 (Same As) 2015-11-19 - Referred to the House Committee on Ways and Means.
HB2029 (Related) 2015-12-18 - Became Public Law No: 114-113. (TXT | PDF)

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/senate-bill/2308/all-info
Text	https://www.congress.gov/114/bills/s2308/BILLS-114s2308is.pdf
Text	https://www.congress.gov/114/bills/s2308/BILLS-114s2308es.pdf