,i  #aad? ,,congress  #b;d ,session  ,h4
 ,r4 #diee  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,april #ae1 #bjaf ,mr4
 ,r5acci 7= himself1 ,mr4 ,web/] (      
,florida1 ,mr4 ,hanna1 ,mr4 ,pocan1 ,mr4
 ,kilm]1 & ,mr4 ,c>ney7 introduc$ !     
foll[+ bill2 :i* 0 ref]r$ to !          
,committee on ! ,budget1 & 9 addition to
 ! ,committee on ,education & !         
,work=ce1 = a p]iod to be subsequ5tly   
det]m9$ by ! ,speak]1 9 ea* case =      
consid]ation ( su* provisions z fall )9 
! jurisdiction ( ! committee conc]n$  ,a
 ,,bill  ,to am5d ! ,employee ,retirem5t
 ,income ,security ,act ( #aigd to      
exclude ! receipts & disbursem5ts ( !   
,p5sion ,b5efit ,gu>anty ,corporation f 
! ,f$]al budget4  #a4 ,%ort title ,?is  
,act may be cit$ z ! ,p5sion & ,budget  
,integrity ,act ( #bjaf4  #b4 ,f9d+s    
,congress f9ds ! foll[+3  7#a7 ,!       
,p5sion ,b5efit ,gu>anty ,corporation 79
 ?is section ref]r$ to z ! ,,pbgc7--    
7,a7 is an indep5d5t gov]nm5t ag5cy t   
insures ! b5efits ( mo/ private-sector  

p5sion plans ?r\gh an insurance model2  
7,b7 becomes ! tru/ee = ! assets ( fail$
 p5sion plans2  7,c7 is responsible = ! 
inve/m5t & disbursem5t ( premiums &     
p5sion plan assets ?r\gh ! ,,pbgc       
revolv+ funds & ! ,,pbgc tru/ fund2 &   
7,d7 may only use premiums paid by      
private-sector p5sion plans to ! ,,pbgc 
to pay p5sion b5efici>ies & relat$      
,,pbgc op]at+ exp5ses4  7#b7 ,!         
,employee ,retirem5t ,income ,security  
,act ( #aigd did n include ! receipts & 
disbursem5ts ( ! ,,pbgc 9 ! ,f$]al      
budget4  7#c7 ,section #djf ( !         
,multiemploy] ,p5sion ,plan ,am5dm5ts   
,act ( #aihj 7,public ,law #if-cfd7     
includ$ ! receipts & disbursem5ts ( !   
,,pbgc 9 ! ,f$]al budget = ! fir/ "t4   
7#d7 ,! rev5ues f ,,pbgc premiums-- 7,a7
 are deposit$ into ! revolv+ funds ( !  
,,pbgc & are cr$it$ to ! op]at+ budget (
 ! ,,pbgc2  7,b7 _c be us$ = any purpose
 o!r ?an ,,pbgc exp5ses2 &  7,c7 are    
c\nt$ z rev5ue to ! ,unit$ ,/ates       
,treasury & us$ to (fset unrelat$ ,f$]al

 sp5d+4  7#e7 ,s\nd budget policy       
dictates t-- 7,a7 cr$it+ ,,pbgc premium 
rev5ues to ! revolv+ funds ( ! ,,pbgc & 
z receipts to ! ,unit$ ,/ates ,treasury 
con/itutes d\ble-c\nt+2  7,b7           
d\ble-c\nt+ rev5ue is inconsi/5t ) s\nd 
budget>y policy & good gov]nance2 &     
7,c7 exclud+ ! receipts & disbursem5ts (
 ! ,,pbgc f ! ,f$]al budget w elim9ate  
d\ble-c\nt+ premium rev5ue4  #c4        
,exclusion ( ! receipts & disbursem5ts (
 ! ,p5sion ,b5efit ,gu>anty ,corporation
 f ! ,f$]al budget  7a7 ,9 g5]al        
,p>agraph 7#b7 ( ,section #djjb7;g7 ( ! 
,employee ,retirem5t ,income ,security  
,act ( #aigd 7#bi ,u4,s4,c4 #acjb7;g77  
is am5d$ by /rik+ %all be includ$ &     
ins]t+ %all n be includ$4  7b7          
,effective date ,! am5dm5t made by      
subsection 7a7 %all apply to fiscal ye>s
 beg9n+ aft] ,septemb] #cj1 #bjaf4