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To amend the Employee Retirement Income Security Act of 1974 to provide a fiduciary safe harbor for the selection of a lifetime income provider, and for other purposes.

USA115th CongressHR-4604| House 
| Updated: 12/7/2017
Tim Walberg

Tim Walberg

Republican Representative

Michigan

Cosponsors (8)
Donald Norcross (Democratic)David Loebsack (Democratic)Lisa Blunt Rochester (Democratic)Terri A. Sewell (Democratic)Luke Messer (Republican)Paul Mitchell (Independent)Ron Kind (Democratic)David P. Roe (Republican)

Education and Workforce Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
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Timeline
Dec 7, 2017
Introduced in House
Dec 7, 2017
Referred to the House Committee on Education and the Workforce.
  • December 7, 2017
    Introduced in House


  • December 7, 2017
    Referred to the House Committee on Education and the Workforce.

Labor and Employment

Related Bills

  • S 115-2526: A bill to amend the Internal Revenue Code of 1986 to encourage retirement savings, and for other purposes.
  • HR 115-4637: To amend the Internal Revenue Code of 1986 to encourage retirement savings by modifying requirements with respect to employer-established IRAs, and for other purposes.
  • HR 115-5282: To amend the Internal Revenue Code of 1986 to encourage retirement savings, and for other purposes.
  • HR 115-88: Shiloh National Military Park Boundary Adjustment and Parker's Crossroads Battlefield Designation Act
Employee benefits and pensionsFinancial services and investments

To amend the Employee Retirement Income Security Act of 1974 to provide a fiduciary safe harbor for the selection of a lifetime income provider, and for other purposes.

USA115th CongressHR-4604| House 
| Updated: 12/7/2017
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Dec 7, 2017
Introduced in House
Dec 7, 2017
Referred to the House Committee on Education and the Workforce.
  • December 7, 2017
    Introduced in House


  • December 7, 2017
    Referred to the House Committee on Education and the Workforce.
Tim Walberg

Tim Walberg

Republican Representative

Michigan

Cosponsors (8)
Donald Norcross (Democratic)David Loebsack (Democratic)Lisa Blunt Rochester (Democratic)Terri A. Sewell (Democratic)Luke Messer (Republican)Paul Mitchell (Independent)Ron Kind (Democratic)David P. Roe (Republican)

Education and Workforce Committee

Labor and Employment

Related Bills

  • S 115-2526: A bill to amend the Internal Revenue Code of 1986 to encourage retirement savings, and for other purposes.
  • HR 115-4637: To amend the Internal Revenue Code of 1986 to encourage retirement savings by modifying requirements with respect to employer-established IRAs, and for other purposes.
  • HR 115-5282: To amend the Internal Revenue Code of 1986 to encourage retirement savings, and for other purposes.
  • HR 115-88: Shiloh National Military Park Boundary Adjustment and Parker's Crossroads Battlefield Designation Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Employee benefits and pensionsFinancial services and investments