US Congress House Bill 3669 (Prior Session Legislation)

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November 16 2009 - Referred to the Subcommittee on Health, Employment, Labor, and Pensions.
Pending: House Subcommittee on Health, Employment, Labor, and Pensions Committee
Text: Latest bill text (Introduced) [PDF]

Employer-Owned Life Insurance Limitation Act - Makes it unlawful for any employer to carry an employer-owned life insurance policy on any employee whose salary is less than $1 million per year. Makes it also unlawful for any employer to carry an employer-owned life insurance policy not prohibited by this Act for an employee (earning $1 million or more per year) more than 30 days after that employee terminates employment with the employer. Requirers an employer to notify an employee who is the subject of a non-prohibited employer-owned life insurance policy within 30 days after purchasing it. Authorizes any employee who is the subject of a prohibited employer-owned life insurance policy (or the employee's spouse or next of kin if the employee is deceased) to commence a civil action in an appropriate U.S. district court to: (1) enjoin the employer from carrying such a policy; and (2) obtain specified damages. Directs the Comptroller General to study and report to Congress on the incidence of employers carrying employer-owned life insurance policies on their employees, and related matters. Prescribes criminal penalties for violation of this Act.

Employer-Owned Life Insurance Limitation Act

Rep Miller, George	Rep Courtney, Joe	Rep Filner, Bob	Rep Grijalva, Raul M.
Rep Gutierrez, Luis V.	Rep Hare, Phil	Rep Kaptur, Marcy

Date	Chamber	Action
2009-11-16		Referred to the Subcommittee on Health, Employment, Labor, and Pensions.
2009-09-30		Sponsor introductory remarks on measure. (CR H10073)
2009-09-29		Referred to the House Committee on Education and Labor.
2009-09-29		Sponsor introductory remarks on measure. (CR E2396)

Type	Source
Summary	http://thomas.loc.gov/cgi-bin/bdquery/z?d111:HN03669:@@@L&summ2=m&
Text	http://gpo.gov/fdsys/pkg/BILLS-111hr3669ih/pdf/BILLS-111hr3669ih.pdf