summary
Introduced
03/03/2022
03/03/2022
In Committee
03/03/2022
03/03/2022
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 related to the fiduciary standards under the Employee Retirement Income Security Act (ERISA) when defined benefit pension plans select an annuity provider. The bill mandates that the Secretary review this provision within one year of the bill's enactment and report to Congress on the findings, including an assessment of any risk to plan participants.
Committee Categories
Health and Social Services
Sponsors (1)
Last Action
Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (on 03/03/2022)
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/senate-bill/3746/all-info |
| BillText | https://www.congress.gov/117/bills/s3746/BILLS-117s3746is.pdf |
| Bill | https://www.congress.gov/117/bills/s3746/BILLS-117s3746is.pdf.pdf |
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