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 amends the Employee Retirement Income Security Act of 1974 (ERISA) to make mandatory pre-dispute or coerced post-dispute arbitration clauses, class action waivers, representation waivers, and discretionary clauses in ERISA plans unenforceable. It prohibits plans, plan sponsors, employers, and plan administrators from including such provisions in plan documents or agreements with participants. The bill also requires specific procedures and disclosures for any voluntary post-dispute arbitration agreements. The amendments take effect immediately and apply to any disputes or claims arising on or after the date of enactment, even if the plan documents have not yet been updated.
Committee Categories
Health and Social Services
Sponsors (1)
Last Action
Read twice and referred to the Committee on Health, Education, Labor, and Pensions. (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/senate-bill/4219/all-info |
| BillText | https://www.congress.gov/117/bills/s4219/BILLS-117s4219is.pdf |
| Bill | https://www.congress.gov/117/bills/s4219/BILLS-117s4219is.pdf.pdf |
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