PlainBillCongress, translated.Legislation. Context. Public interest.Became Public Law No: 107-90.
Congressional Research Service
Version 00 · Introduced in House · Mar 14, 2001
Comprehensive Retirement Security and Pension Reform Act of 2001 - Amends the Internal Revenue Code (the Code) with respect to pensions. (All the following are amendments to the Code, except where the Employee Retirement Income Security Act of 1974, ERISA, is mentioned.)Increases: (1) annual dollar Individual Retirement Account (IRA) contribution limits; and (2) benefit and contribution limits, with indexes for inflation.Revises requirements relating to: (1) plan loans for subchapter S owners, partners, and sole proprietors; and (2) specified top-heavy rules. Provides that elective deferrals shall not be taken into account for purposes of limits on certain plan contributions. Repeals specified coordination requirements for deferred compensation plans of State and local governments and tax-exempt organizations. Revises certain deduction limits for stock bonus and profit sharing trusts and for defined contribution plans. Provides for optional treatment of elective deferrals as after-tax contributions.Allows individuals age 50 or older to make additional contributions to an applicable employer plan (section 401(k) or similar plan). Sets forth requirements relating to equitable treatment for contributions of employees to defined contribution plans. Provides for faster vesting of certain employer matching contributions under the Code and ERISA. Revises: (1) minimum distribution rules; (2) requirements relating to tax treatment of division of section 457 plan benefits upon divorce; and (3) provisions for safe harbor relief for hardship withdrawals from 401(k) plans.Permits, under certain conditions, rollovers: (1) from and to various types of plans; (2) of IRAs into workplace retirement plans; and (3) of after-tax contributions in an exempt trust. Sets forth a hardship exception to the 60-day rule. Sets forth requirements for treatment of forms of distribution available under transferor and transferee plans under the Code and ERISA. Revises restrictions on distributions, including the same desk exception. Allows trustee-to-trustee transfers to purchase permissive service credit with respect to governmental defined benefit plans. Allows employers to disregard rollovers for purposes of cash-out amounts, under retirement plan provisions of the Code. Revises minimum distribution and inclusion requirements for section 457 plans.Repeals, for plan years beginning in 2004 and following years, the current liability full funding limit under the Code and ERISA. Revises maximum contribution deduction rules, and applies them to all defined benefit plans. Allows an employer, in determining the amount of nondeductible contributions for any taxable year, to elect not to take into account any contributions to a defined benefit plan except to the extent they exceed the full-funding limitation. Establishes an excise tax for the failure of a defined benefit plan or an individual account plan (except governmental, church, and other specified plans) subject to minimum funding standards to meet specified notice requirements, under the Code and ERISA, for plan amendments which significantly reduce benefit accruals. Makes certain compensation limitations for defined benefit plans inapplicable to governmental and multiemployer plans. Prohibits combining or aggregating a multiemployer plan with any other plan maintained by the employer for the purpose of applying such limitations. Amends the Taxpayer Relief Act of 1997 to protect the investment of employee contributions to 401(k) plans by providing that specified requirements apply to elective deferrals for plan years beginning after December 31, 1998. Requires that pension benefit statements be furnished annually (once every three years for defined benefit plans) or on request. Establishes an excise tax for certain prohibited allocations of stock in an S corporation ESOP.Revises Code and ERISA requirements relating to timing of plan valuations. Allows applicable dividends of ESOPs to be reinvested without loss of dividend deduction. Repeals a transition rule relating to certain highly compensated employees under the Tax Reform Act of 1986. Directs the Secretary to modify specified regulations with respect to certain plan participation by employees of tax-exempt entities. Treats the provision of certain retirement planning services by an employer for an employee as a de minimis fringe benefit to the extent it is not treated as a working condition fringe. Directs the Secretary of the Treasury to provide simplified annual filing requirements for retirement plans with assets below a specified amount, if they cover: (1) one participant (an owner and spouse); or (2) fewer than 25 employees. Directs the Secretary to continue to update and improve the Employee Plans Compliance Resolution System, or any successor program. Repeals a multiple use test. Allows certain alternative ways of satisfying nondiscrimination, coverage, and line of business rules. Exempts plans maintained by any governmental entity from certain nondiscrimination rules. Directs the Secretary to modify specified regulations relating to the notice and consent period regarding distributions.Revises ERISA provisions relating to: (1) annual report dissemination; (2) the National Summit on Retirement Savings; (3) missing participants; (4) Pension Benefit Guaranty Corporation (PBGC) reduction of premiums for new plans of small employers and of additional premiums for new and small plans; (5) PBGC authority to pay interest on premium overpayment refunds; (6) substantial owner benefits in terminated plans; (7) civil penalties for breach of fiduciary responsibility; and (8) benefit suspension notices.Prescribes time requirements for plan amendments or annuity contract amendments.
People & committees
Rep. Portman, Rob [R-OH-2] · R–OH
Legislative record
A procedural vote is different from passage. Passage in one chamber does not establish enactment. Explore the glossary.
Became Public Law No: 107-90.
Became Public Law No: 107-90.
Signed by President.
Signed by President.
Presented to President.
Presented to President.
Motion to reconsider laid on the table Agreed to without objection.
On motion that the House suspend the rules and agree to the Senate amendments Agreed to by the Yeas and Nays: (2/3 required): 369 - 33 (Roll no. 485). (consideration: CR H9160-9166, H9167-9168; text as House agreed to Senate amendment: CR H9160-9164)
House roll call 485 · Individual votesResolving differences -- House actions: On motion that the House suspend the rules and agree to the Senate amendments Agreed to by the Yeas and Nays: (2/3 required): 369 - 33 (Roll no. 485).(consideration: CR H9160-9166, H9167-9168; text as House agreed to Senate amendment: CR H9160-9164)
House roll call 485 · Individual votesAt the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 5, rule I, the chair announced that further proceedings on the motion would be postponed.
DEBATE - The House proceeded with forty minutes of debate on the motion to suspend the rules and agree to the Senate amendments to H.R. 10.
Mr. Quinn moved that the House suspend the rules and agree to the Senate amendments.
Message on Senate action sent to the House.
Passed Senate with an amendment and an amendment to the Title by Yea-Nay Vote. 90 - 9. Record Vote Number: 351.
Senate roll call 351 · Individual votesPassed/agreed to in Senate: Passed Senate with an amendment and an amendment to the Title by Yea-Nay Vote. 90 - 9. Record Vote Number: 351.
Senate roll call 351 · Individual votesCloture motion on the bill withdrawn by unanimous consent in Senate.
Considered by Senate. (consideration: CR S12390-12394)
Considered by Senate. (consideration: CR S12340-12344, S12350-12351, S12352-12363)
Considered by Senate. (consideration: CR S12306-12307)
Cloture motion on the bill presented in Senate.
Measure laid before Senate by motion.
Motion to proceed to consideration of measure agreed to in Senate by Voice Vote.
Cloture on the motion to proceed invoked in Senate by Yea-Nay Vote. 96 - 4. Record Vote Number: 343. (consideration: CR S12139)
Senate roll call 343 · Individual votesMotion to proceed to measure considered in Senate. (consideration: CR S12114-12140)
Motion to proceed to measure considered in Senate. (consideration: CR S12065-12067, S12075-12096)
Cloture motion on the motion to proceed presented in Senate.
Motion to proceed to consideration of measure made in Senate. (consideration: CR S12036-12043)
See H.R. 1836 for further action.
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 69.
Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
Received in the Senate.
Motion to reconsider laid on the table Agreed to without objection.
On passage Passed by the Yeas and Nays: 407 - 24 (Roll no. 96). (text: CR H1764-1780)
House roll call 96 · Individual votesPassed/agreed to in House: On passage Passed by the Yeas and Nays: 407 - 24 (Roll no. 96).(text: CR H1764-1780)
House roll call 96 · Individual votesOn motion to recommit with instructions Failed by the Yeas and Nays: 153 - 276 (Roll no. 95).
House roll call 95 · Individual votesThe previous question on the motion to recommit with instructions was ordered without objection.
Floor summary: DEBATE - The House proceeded with 10 minutes of debate on the Sanders motion to recommit with instructions. The instructions contained in the motion direct the Committee on Education and the Workforce to report the bill back forthwith with an amendment which seeks to strike the existing section 504 and to insert a new section 504.
Mr. Sanders moved to recommit with instructions to Education and the Workforce. (consideration: CR H1822-1826; text: H1822-1825)
DEBATE - Pursuant to the provisions of H. Res. 127, the House proceeded with one hour of debate on the Neal amendment in the nature of a substitute.
DEBATE - The House proceeded with ninety minutes of debate on H.R. 10, as amended, pursuant to H. Res. 127.
Rule provides for consideration of H.R. 10 with 1 hour and 30 minutes of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. In lieu of the amendment recommended by the Committee on Ways and Means and the amendment recommended by the Committee on Education and the Workforce now printed in the bill, the amendment in the nature of a substitute printed in the Congressional Record and numbered 1 shall be considered as adopted. Measure will be considered read. A specified amendment is in order.
Considered under the provisions of rule H. Res. 127. (consideration: CR H1748-1827; text of measure as reported in House: CR H1748-1764)
Rule H. Res. 127 passed House.
Rules Committee Resolution H. Res. 127 Reported to House. Rule provides for consideration of H.R. 10 with 1 hour and 30 minutes of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. In lieu of the amendment recommended by the Committee on Ways and Means and the amendment recommended by the Committee on Education and the Workforce now printed in the bill, the amendment in the nature of a substitute printed in the Congressional Record and numbered 1 shall be considered as adopted. Measure will be considered read. A specified amendment is in order.
Placed on the Union Calendar, Calendar No. 33.
Reported (Amended) by the Committee on Education and the Workforce. H. Rept. 107-51, Part II.
Reported (Amended) by the Committee on Education and the Workforce. H. Rept. 107-51, Part II.
Reported (Amended) by the Committee on Ways and Means. H. Rept. 107-51, Part I.
Reported (Amended) by the Committee on Ways and Means. H. Rept. 107-51, Part I.
Ordered to be Reported (Amended) by Voice Vote.
Subcommittee on Employer-Employee Relations Discharged.
Committee Consideration and Mark-up Session Held.
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 35 - 6.
Committee Consideration and Mark-up Session Held.
Referred to the Subcommittee on Employer-Employee Relations.
Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, 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.
Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, 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.
Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, 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.
Introduced in House
Introduced in House
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Source last updated: Mar 23, 2026. Consult Congress.gov for the current record.
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