summary
Introduced
11/04/2021
11/04/2021
In Committee
11/04/2021
11/04/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To require the Secretary of Labor to review certain provi- sions of the Code of Federal Regulations related to fidu- ciary standards under the Employee Retirement Income Security Act of 1974, and for other purposes.
AI Summary
This bill, the Pension Risk Transfer Accountability Act of 2021, requires the Secretary of Labor to review a specific provision in the Code of Federal Regulations (Section 2509.95-1) that relates to the fiduciary standards under the Employee Retirement Income Security Act (ERISA) when selecting an annuity provider for a defined benefit pension plan. The bill directs the Secretary to determine whether amendments to this section are warranted and to report to Congress on the findings of the review, including an assessment of any risk to plan participants.
Committee Categories
Education
Sponsors (1)
Last Action
Referred to the House Committee on Education and Labor. (on 11/04/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/house-bill/5877/all-info |
| BillText | https://www.congress.gov/117/bills/hr5877/BILLS-117hr5877ih.pdf |
| Bill | https://www.congress.gov/117/bills/hr5877/BILLS-117hr5877ih.pdf.pdf |
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