summary
Introduced
05/12/2022
05/12/2022
In Committee
05/12/2022
05/12/2022
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To amend the Employee Retirement Income Security Act of 1974 to provide that any mandatory predispute or coerced postdispute arbitration clause, class action waiv- er, representation waiver, or discretionary clause with respect to a plan is unenforceable, to prohibit any such clause or waiver from being included in a plan document or other agreement with plan participants, and for other purposes.
AI Summary
This bill, the Employee and Retiree Access to Justice Act of 2022, amends the Employee Retirement Income Security Act (ERISA) to make mandatory pre-dispute or coerced post-dispute arbitration clauses, class action waivers, representation waivers, and discretionary clauses unenforceable with respect to ERISA plans. It prohibits plans, plan sponsors, employers, and plan administrators from including such provisions in plan documents or agreements with participants. The bill also establishes requirements for any post-dispute arbitration provisions, including a 45-day waiting period and written consent from participants. The amendments take effect immediately and apply to any disputes or claims arising on or after the date of enactment, even if plan documents have not yet been updated.
Committee Categories
Education
Sponsors (1)
Last Action
Referred to the House Committee on Education and Labor. (on 05/12/2022)
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/house-bill/7740/all-info |
| BillText | https://www.congress.gov/117/bills/hr7740/BILLS-117hr7740ih.pdf |
| Bill | https://www.congress.gov/117/bills/hr7740/BILLS-117hr7740ih.pdf.pdf |
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