# 114-hr-2844: Keep Our Pension Promises Act

114-hr-2844, Keep Our Pension Promises Act, is a 114th Congress bill sponsored by Rep. Kaptur, Marcy [D-OH-9] (D-OH); status Referred to the Subcommittee on Health, Employment, Labor, and Pensions. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-2844
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 114-hr-2844
- Congress: 114
- Title: Keep Our Pension Promises Act
- Status: Referred to the Subcommittee on Health, Employment, Labor, and Pensions.
- Introduced: 2015-06-19
- Sponsor: Rep. Kaptur, Marcy [D-OH-9] (D-OH)
- Cosponsors: 55
- Policy area: Labor and Employment
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Keep Our Pension Promises Act This bill repeals the elimination of the pension anti-cutback provisions under the Multiemployer Pension Reform Act of 2014. The anti-cutback provisions prohibit reductions in pension benefits to participants in multiemployer pension plans. The bill amends the Employee Retirement Income Security Act of 1974 (ERISA) to allow a plan sponsor of an eligible multiemployer plan to petition the Pension Benefit Guaranty Corporation for a partition of a financially-troubled pension plan. PBGC is required to establish a legacy fund to cover the administrative and benefit costs resulting from a partition.. The bill amends the federal bankruptcy code to assign first claim priority to pension obligations under ERISA. The bill amends the Internal Revenue Code to: (1) impose a limit of $1 million on the exemption of the gain from the exchange of real property in a like kind exchange, (2) prohibit the use of like kind exchanges for collectibles, (3) establish estate valuation rules for certain transfers of nonbusiness assets, and (4) limit estate tax discounts for certain individuals with minority interests in a business acquired from a decedent.

## Cosponsors (55)

- Rep. Ryan, Tim [D-OH-13] (D-OH), 2015-06-19T00:00:00.000Z
- Rep. Ellison, Keith [D-MN-5] (D-MN), 2015-06-19T00:00:00.000Z
- Rep. Schakowsky, Janice D. [D-IL-9] (D-IL), 2015-06-19T00:00:00.000Z
- Rep. Boyle, Brendan F. [D-PA-2] (D-PA), 2015-06-19T00:00:00.000Z
- MICHAEL HONDA (D-CA), 2015-06-19T00:00:00.000Z
- LOUISE SLAUGHTER (D-NY), 2015-06-19T00:00:00.000Z
- Rep. Moore, Gwen [D-WI-4] (D-WI), 2015-06-25T00:00:00.000Z
- Rep. Veasey, Marc A. [D-TX-33] (D-TX), 2015-07-27T00:00:00.000Z
- JIM MCDERMOTT (D-WA), 2015-07-27T00:00:00.000Z
- PETER VISCLOSKY (D-IN), 2015-09-09T00:00:00.000Z
- Rep. Beatty, Joyce [D-OH-3] (D-OH), 2015-09-09T00:00:00.000Z
- Rep. Lofgren, Zoe [D-CA-18] (D-CA), 2015-09-09T00:00:00.000Z
- RICHARD NOLAN (D-MN), 2015-09-09T00:00:00.000Z
- Del. Norton, Eleanor Holmes [D-DC-At Large] (D-DC), 2015-09-09T00:00:00.000Z
- Rep. Velázquez, Nydia M. [D-NY-7] (D-NY), 2015-09-09T00:00:00.000Z
- Rep. Lieu, Ted [D-CA-36] (D-CA), 2015-09-09T00:00:00.000Z
- Rep. O'Rourke, Beto [D-TX-16] (D-TX), 2015-09-10T00:00:00.000Z
- Rep. Sires, Albio [D-NJ-8] (D-NJ), 2015-09-10T00:00:00.000Z
- GENE GREEN (D-TX), 2015-09-10T00:00:00.000Z
- Rep. Clarke, Yvette D. [D-NY-9] (D-NY), 2015-09-10T00:00:00.000Z
- Rep. Pallone, Frank [D-NJ-6] (D-NJ), 2015-09-16T00:00:00.000Z
- Rep. Chu, Judy [D-CA-28] (D-CA), 2015-09-16T00:00:00.000Z
- Rep. Payne, Donald M., Jr. [D-NJ-10] (D-NJ), 2015-09-16T00:00:00.000Z
- Rep. Jeffries, Hakeem S. [D-NY-8] (D-NY), 2015-09-16T00:00:00.000Z
- Rep. Garamendi, John [D-CA-8] (D-CA), 2015-09-24T00:00:00.000Z
- Rep. Adams, Alma S. [D-NC-12] (D-NC), 2015-09-24T00:00:00.000Z
- Rep. Cohen, Steve [D-TN-9] (D-TN), 2015-10-09T00:00:00.000Z
- Rep. Bustos, Cheri [D-IL-17] (D-IL), 2015-10-21T00:00:00.000Z
- Rep. Kildee, Daniel T. [D-MI-8] (D-MI), 2015-10-26T00:00:00.000Z
- Rep. Grayson, Alan [D-FL-9] (D-FL), 2015-11-03T00:00:00.000Z
- COLLIN PETERSON (D-MN), 2015-11-18T00:00:00.000Z
- Rep. Dingell, Debbie [D-MI-6] (D-MI), 2015-11-18T00:00:00.000Z
- Rep. Johnson, Henry C. "Hank" [D-GA-4] (D-GA), 2015-11-18T00:00:00.000Z
- Rep. Yarmuth, John A. [D-KY-3] (D-KY), 2015-11-18T00:00:00.000Z
- Rep. Scott, David [D-GA-13] (D-GA), 2015-12-02T00:00:00.000Z
- Rep. Tonko, Paul [D-NY-20] (D-NY), 2016-02-03T00:00:00.000Z
- Rep. Kelly, Robin L. [D-IL-2] (D-IL), 2016-02-03T00:00:00.000Z
- Rep. Cleaver, Emanuel [D-MO-5] (D-MO), 2016-02-12T00:00:00.000Z
- Rep. Jackson Lee, Sheila [D-TX-18] (D-TX), 2016-02-24T00:00:00.000Z
- Rep. Higgins, Brian [D-NY-26] (D-NY), 2016-02-24T00:00:00.000Z
- Rep. McCollum, Betty [D-MN-4] (D-MN), 2016-03-02T00:00:00.000Z
- Rep. Langevin, James R. [D-RI-2] (D-RI), 2016-03-15T00:00:00.000Z
- Rep. Johnson, Eddie Bernice [D-TX-30] (D-TX), 2016-03-15T00:00:00.000Z
- Sen. Duckworth, Tammy [D-IL] (D-IL), 2016-04-15T00:00:00.000Z
- Rep. Napolitano, Grace F. [D-CA-31] (D-CA), 2016-04-21T00:00:00.000Z
- Rep. Vela, Filemon [D-TX-34] (D-TX), 2016-04-27T00:00:00.000Z
- Rep. Roybal-Allard, Lucille [D-CA-40] (D-CA), 2016-05-11T00:00:00.000Z
- Rep. Bishop, Sanford D. [D-GA-2] (D-GA), 2016-05-11T00:00:00.000Z
- Rep. DeLauro, Rosa L. [D-CT-3] (D-CT), 2016-05-11T00:00:00.000Z
- Rep. Hastings, Alcee L. [D-FL-20] (D-FL), 2016-05-18T00:00:00.000Z
- JOHN CONYERS (D-MI), 2016-06-14T00:00:00.000Z
- Rep. Wasserman Schultz, Debbie [D-FL-25] (D-FL), 2016-07-14T00:00:00.000Z
- Rep. Green, Al [D-TX-9] (D-TX), 2016-09-07T00:00:00.000Z
- WM. CLAY (D-MO), 2016-09-27T00:00:00.000Z
- Rep. Walz, Timothy J. [D-MN-1] (D-MN), 2016-11-17T00:00:00.000Z

## Related bills

- 114-hr-5044: Making supplemental appropriations for fiscal year 2016 to respond to Zika virus.
- 114-hr-4592: Naismith Memorial Basketball Hall of Fame Commemorative Coin Act
- 114-hr-1786: James Zadroga 9/11 Health and Compensation Reauthorization Act
- 114-hr-1619: Paycheck Fairness Act
- 114-hr-1434: Bank on Students Emergency Loan Refinancing Act
- 114-hr-2737: Filipino Veterans of World War II Congressional Gold Medal Act of 2015

## Sources
- [114-hr-2844 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/2844)

## Related
- [114-hr-5044: Making supplemental appropriations for fiscal year 2016 to respond to Zika viru…](https://policyrisk.com/legislation/114-hr-5044)
- [114-hr-4592: Naismith Memorial Basketball Hall of Fame Commemorative Coin Act](https://policyrisk.com/legislation/114-hr-4592)
- [114-hr-1786: James Zadroga 9/11 Health and Compensation Reauthorization Act](https://policyrisk.com/legislation/114-hr-1786)
- [114-hr-1619: Paycheck Fairness Act](https://policyrisk.com/legislation/114-hr-1619)
- [114-hr-1434: Bank on Students Emergency Loan Refinancing Act](https://policyrisk.com/legislation/114-hr-1434)
- [114-hr-2737: Filipino Veterans of World War II Congressional Gold Medal Act of 2015](https://policyrisk.com/legislation/114-hr-2737)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-2844 (as of 2025-11-18).