Title: Pension and Budget Integrity Act of 2017
Policy area: Economics and Public Finance

Summary:
Pension and Budget Integrity Act of 2017
This bill prohibits provisions that increase or extend an increase of Pension Benefit Guaranty Corporation (PBGC) premiums from being counted as an offset to determine budget points of order for legislation in the House or the Senate.
(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. This bill prevents increases in PBGC premiums from being used to pay for provisions that increase the deficit in determining whether a budget point of order applies to legislation.)

[Congressional Bills 115th Congress]
[From the U.S. Government Publishing Office]
[S. 270 Introduced in Senate (IS)]

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115th CONGRESS
  1st Session
                                 S. 270

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


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            February 1, 2017

  Mr. Enzi (for himself, Mr. Alexander, Mr. Portman, and Mr. Isakson) 
introduced the following bill; which was read twice and referred to the 
                        Committee on the Budget

_______________________________________________________________________

                                 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 
2017''.

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 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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