Blogging Employee Benefits

August 3, 2006

PPA Coming to the Senate Floor

Filed under: Legislation, Pensions — Fuguerre @ 8:42 pm

So, looks as though the Pension Protection Act of 2006 will hit the Senate floor tonight, perhaps in an hour or so, with almost certainty of passage. After which it goes to the President, who has committed to signing it into law.

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17 Comments »

  1. The trifecta bill’s the bit being discussed at this moment, but Grassley’s currently giving a brief history of the breakdown in the agreement to have the tax extenders – which have within the past week been moved to that trifecta bill – originally placed in the conference report of the pension bill.

    Comment by Fuguerre — August 3, 2006 @ 8:54 pm

  2. Cloture vote time for the trifecta bill. Pension bill coming up very soon now.

    Comment by Fuguerre — August 3, 2006 @ 9:40 pm

  3. Only 56 votes of the 61 needed to invoke cloture. Frist voted “no” to preserve his options to revisit the trifecta bill later.

    Comment by Fuguerre — August 3, 2006 @ 10:09 pm

  4. Debate beginning on H.R. 4, the pension bill, with 20 minutes allocated to either side. There could be some posturing and politics flying around the next hour, particularly after all the procedural oddities of the past week. (Was it only a week ago that the conference committee meeting was boycotted by House Republicans?) But all signs are that the bill will pass tonight.

    Comment by Fuguerre — August 3, 2006 @ 10:13 pm

  5. Health, Education, Labor & Pensions Committee Chairman Enzi leading off the pension bill “debate.”

    Comment by Fuguerre — August 3, 2006 @ 10:15 pm

  6. Sen. Kennedy, ranking member of Health, Education, Labor & Pensions supporting the bill. Numerous times tonight, gratitude has been expressed for the hard work of Sen. Baucus, who is absent tonight due to the Iraq combat death of a family member.

    Comment by Fuguerre — August 3, 2006 @ 10:19 pm

  7. Sen. Mikulski up next. Another strong voice in support.

    Comment by Fuguerre — August 3, 2006 @ 10:24 pm

  8. Sen. Isakson next up. This is less of a debate than something you might hear in an Oscars ceremony: lots and lots of back-slapping and credits. The only sign so far of some of the hard fight of the past few days only briefly showing in Isakson’s thanks extended to the Texas and Ohio senators, whose objections had threatened to at least delay the action to September, when issues that now will go instead to a technical corrections bill would then have been settled.

    Comment by Fuguerre — August 3, 2006 @ 10:30 pm

  9. Quorum call. Time out.

    Comment by Fuguerre — August 3, 2006 @ 10:31 pm

  10. Roll call on the pension bill now beginning. Here we go.

    Comment by Fuguerre — August 3, 2006 @ 10:34 pm

  11. Winding up the final votes, but the count is already easily the majority we were assued we would have.

    Comment by Fuguerre — August 3, 2006 @ 10:44 pm

  12. By a vote of 93-5, the Pension Protection Act of 2006 has been approved by the Senate. Having been approved last Friday by the House, the bill now goes to the President for enactment into law.

    Comment by Fuguerre — August 3, 2006 @ 10:54 pm

  13. The Joint Committee on Taxation’s Technical Explanation (JCX-38-06) provides comprehensive summary pf the PPA.

    Comment by Fuguerre — August 4, 2006 @ 6:59 am

  14. Statement by U.S. Labor Secretary & PBGC Board Chairman Chao on congressional approval of PPA: DOL News release 06-1349-NAT

    Comment by Fuguerre — August 5, 2006 @ 8:11 am

  15. Boehner praises the President’s statement that PPA will be signed into law.

    Comment by Fuguerre — August 5, 2006 @ 8:17 am

  16. The Senate action the evening of 8/3 is recorded in the Congressional Record starting here.

    Comment by Fuguerre — August 19, 2006 @ 11:40 am


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