To provide for a limitation on availability of funds for Department of Labor, Pension Benefit Guaranty Corporation, Salaries and Expenses for fiscal year 2024.
Source: Congress.gov ·
244 words in original text
What This Bill Does
This bill would set a spending limit for a specific part of the Department of Labor. It says that money available for the Pension Benefit Guaranty Corporation's staff salaries and expenses cannot be spent in fiscal year 2024.
Who It Affects
The Pension Benefit Guaranty Corporation (a government agency that protects retirement plans) and its employees would be directly affected by this bill.
Key Provisions
• Spending for Department of Labor, Pension Benefit Guaranty Corporation, Salaries and Expenses for fiscal year 2024 cannot exceed zero dollars (Sec. 1)
What Changes
If this bill becomes law, no money would be available to pay salaries or cover expenses for the Pension Benefit Guaranty Corporation's staff in fiscal year 2024.
Important Definitions
• Pension Benefit Guaranty Corporation: A government organization mentioned in the bill but not defined within it
Effective Date
Not specified in bill text
Important: This plain English summary was generated by AI and is provided for informational purposes only.
It is not legal advice. Always consult the official bill text on Congress.gov
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