[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[S. 2741 Introduced in Senate (IS)]

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114th CONGRESS
  2d Session
                                S. 2741

To amend the Employee Retirement Income Security Act of 1974 to permit 
the Pension Benefit Guaranty Corporation and the Secretary of Labor to 
               elect not to recoup benefits overpayments.


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                   IN THE SENATE OF THE UNITED STATES

                             April 4, 2016

   Mr. Brown introduced the following bill; which was read twice and 
  referred to the Committee on Health, Education, Labor, and Pensions

_______________________________________________________________________

                                 A BILL


 
To amend the Employee Retirement Income Security Act of 1974 to permit 
the Pension Benefit Guaranty Corporation and the Secretary of Labor to 
               elect not to recoup benefits overpayments.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Keep Estimated Extra Payments Act''.

SEC. 2. AUTHORITY TO ELECT NOT TO RECOUP BENEFITS OVERPAYMENTS.

    Section 4022B of the Employee Retirement Income Security Act of 
1974 (29 U.S.C. 1322b) is amended by adding at the end the following:
    ``(c) Authority To Elect Not To Recoup Benefits Overpayments.--The 
Pension Benefit Guaranty Corporation and the Secretary of Labor may 
elect not to recoup benefits overpayments made to a participant under 
this title.''.
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