H.R. 4604
Referred to CommitteeIncreasing Access to a Secure Retirement Act of 2017
Latest Action
Referred to the House Committee on Education and the Workforce.
12/7/2017 • House
Summary
Increasing Access to a Secure Retirement Act of 2017
This bill amends the Employee Retirement Income Security Act of 1974 (ERISA) to specify optional measures that a fiduciary for a pension plan may take in selecting an insurer and a guaranteed retirement income contract to assure that the fiduciary meets the prudent man standard of care required under ERISA.
A "guaranteed retirement income contract" is an annuity contract for a fixed term or a contract (or provision or feature thereof) which provides guaranteed benefits annually (or more frequently) for at least the remainder of the life of the participant or joint lives of the participant and the participant's designated beneficiary as part of a defined contribution plan.
Introduced in House • 12/7/2017
Topics & Subjects
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Related Federal Spending
Sponsor & Cosponsors (9)
Party Breakdown
Sponsor
Cosponsors (8)
Bill Journey
Originated in the House
Introduced
December 7, 2017
Referred to the House Committee on Education and the Workforce.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law
Text Versions (1)
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