President Obama Signs the Highway and Transportation Funding Act of 2014 with Pension Funding Provisions | Practical Law
President Obama signed H.R. 5021 into law on August 8, 2014. H.R. 5021, also known as the "Highway and Transportation Funding Act of 2014" (HATFA), includes pension smoothing provisions that allow single-employer defined benefit pension plans to use higher interest rates when calculating future liabilities.