H.R. 180 (107th): Railroad Retirement and Survivors’ Improvement Act of 2001

Introduced:
Jan 03, 2001 (107th Congress, 2001–2002)
Sponsor:
Rep. Bill “Bud” Shuster Sr. [R-PA9]
Status:
Died (Referred to Committee)
See Instead:

H.R. 1140 (same title)
Passed House — Jul 31, 2001

S. 697 (same title)
Referred to Committee — Apr 04, 2001

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on January 3, 2001, in a previous session of Congress, but was not enacted.

Progress
Introduced Jan 03, 2001
Cosponsors
none
Committees

House Transportation and Infrastructure

House Ways and Means

The committee chair determines whether a bill will move past the committee stage.

Full Title

To modernize the financing of the railroad retirement system and to provide enhanced benefits to employees and beneficiaries.

Summary

No summaries available.

Text

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Last updated Jan 03, 2001.
36 pages

Primary Source

View on THOMAS (The Library of Congress)

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Citation

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

1/3/2001--Introduced.
Railroad Retirement and Survivors' Improvement Act of 2001 - Amends the Railroad Retirement Act of 1974 to increase benefits to railroad employees and their beneficiaries and to revise financing of the pension part (tier II) of the railroad retirement system.
Establishes a Railroad Retirement Trust Fund (the Fund) and a Railroad Retirement Investment Trust to manage and invest the assets of the Fund. Abolishes the Railroad Retirement Supplemental Annuity Account and provides for transfer of its funds to the Fund. Provides for various other transfers of funds to the Fund.
Requires the Railroad Retirement Board to calculate the ratio of assets to benefits to determine annual tier II tax rates for employers, employee representatives, and employees.
Amends the Internal Revenue Code to exempt the Fund from taxation.
Repeals a supplemental annuity tax that railroad employers pay to finance a benefit for long-time rail employees.
Provides for adjustments to railroad employers, employee representatives, and employee tier II tax rates.

House Republican Conference Summary

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House Democratic Caucus Summary

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The bill contains the following citations to other parts of U.S. law:

Slip Laws

Slip laws refer to enacted bills and joint resolutions in their original form as enacted by Congress, that is, before other laws amend them. Slip laws are cited as “Public Law XXX-YYY”, where XXX is the number of the Congress in which the bill or resolution was introduced.

Other Citations

  • 31 U.S.C. Chapter 31