Legislative Issues
Legislative information relevant to retirement plan professionals can be found below, including House and Senate bills, bill summaries, conference reports, legislative technical explanations, House or Senate committee position papers, and bill side-by-side comparisons.
On October 27, 2009, Congressmen Earl Pomeroy (D-ND) and Patrick Tiberi (R-OH) introduced the Preserve Benefits and Jobs Act 0f 2009 (HR 3936 ), which would provide defined benefit pension plan funding relief. [HR 3936summary] [HR3936 text]
On June 24, 2009, the House Education and Labor Committee reported H.R. 2989 - The 401(k) Fair Disclosure and Pension Security Act of 2009, as amended, to the House by a vote of 29 to 17. The bill includes defined benefit plan funding relief, as well as fee disclosure and investment advice provisions. [HR 2989 as amended]
On June 18, 2009, Senators Kent Conrad (D-ND) and Pat Roberts (R-KS) introduced the Retirement Security for Life Act. [S. 1297]
On June 9, 2009, Rep. Richard Neal (D-MA) introduced the Defined Contribution Plan Fee Transparency Act of 2009. [HR 2779]
On June 8, 2009, Rep. Earl Pomeroy (D-ND) introduced the Retirement Security Needs Lifetime Pay Act of 2009. [HR 2748]
On May 21, 2009, Rep. F. James Sensenbrenner Jr. (R-WI) introduced legislation on the required minimum distribution rules. [HR 2637]
On April 22, 2009, House Education and Committee Chairman George Miller (D-CA) introduced the 401(k) Fair Disclosure for Retirement Security Act of 2009. [HR 1984]
On April 21, 2009, Rep. John Boehner (R-OH) introduced the "Savings Recovery Act of 2009." [HR 2021]
On April 21, 2009, Rep. Robert Andrews (D-NJ) introduced the "Conflicted Investment Advice Prohibition Act of 2009." [HR 1988]
On April 2, 2009, Rep. Earl Pomeroy (D-ND) introduced the “Savings for American Families’ Future Act of 2009." [HR 1961]
On February 9, 2009, Sens. Tom Harkin (D-IA) and Herb Kohl (D-WI) (re)introduced the Defined Contribution Fee Transparency Act of 2009. [S 401]