Federal RuleAug 21
62
DOL Rewrites Disability Rules for 'Merit-Based Opportunity' Push
RuleLabor DepartmentFederal Contract Compliance Programs OfficeSignificant Wallet
115-hr-4604115th Congress
Increasing Access to a Secure Retirement Act of 2017
Sponsored By: Representative Walberg, Tim [R-MI-5]
Unknown
Summary
Increasing Access to a Secure Retirement Act of 2017 This bill amends the Employee Retirement Income Security Act of 1974 (ERISA) to specify optional measures that a fiduciary for a pension plan may take in selecting an insurer and a guaranteed retirement income contract to assure that the fiduciary meets the prudent man standard of care required under ERISA. A "guaranteed retirement income contract" is an annuity contract for a fixed term or a contract (or provision or feature thereof) which provides guaranteed benefits annually (or more frequently) for at least the remainder of the life of the participant or joint lives of the participant and the participant's designated beneficiary as part of a defined contribution plan.
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Bill Overview
No Economic Impacts Identified for this Bill
Sponsors & CoSponsors
Sponsor
Walberg, Tim [R-MI-5]
MI • R
Cosponsors
Sen. Blunt Rochester, Lisa [D-DE]
DE • D
Sponsored 12/7/2017
Rep. Roe, David P. [R-TN-1]
TN • R
Sponsored 2/26/2018
Rep. Mitchell, Paul [R-MI-10]
MI • R
Sponsored 3/13/2018
Rep. Messer, Luke [R-IN-6]
IN • R
Sponsored 3/13/2018
Rep. Norcross, Donald [D-NJ-1]
NJ • D
Sponsored 4/10/2018
Rep. Loebsack, David [D-IA-2]
IA • D
Sponsored 7/26/2018
Rep. Kind, Ron [D-WI-3]
WI • D
Sponsored 7/26/2018
Rep. Sewell, Terri A. [D-AL-7]
AL • D
Sponsored 7/26/2018
Roll Call Votes
No roll call votes available for this bill.
View on Congress.gov