summary
Introduced
07/27/2023
07/27/2023
In Committee
07/27/2023
07/27/2023
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
A BILL To amend the Employee Retirement Income Security Act of 1974 to provide for greater spousal protection under defined contribution plans, and for other purposes.
AI Summary
This bill, the Women's Retirement Protection Act, aims to provide greater spousal protection under defined contribution retirement plans. It would require defined contribution plans to obtain spousal consent for most distributions, with some exceptions. The bill also includes provisions to improve financial literacy for women, and to assist low-income women and survivors of domestic violence in obtaining qualified domestic relations orders to ensure they receive their entitled retirement benefits during divorces. The goal is to address the retirement savings gap between men and women and help ensure women's financial security in retirement.
Committee Categories
Education
Sponsors (4)
Last Action
Referred to the Committee on Education and the Workforce, and in addition to the Committees on Financial Services, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (on 07/27/2023)
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/118th-congress/house-bill/5060/all-info |
| BillText | https://www.congress.gov/118/bills/hr5060/BILLS-118hr5060ih.pdf |
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