US HB355 | 2017-2018 | 115th Congress
Status
Sponsorship: Partisan Bill (Republican 41)
Status: Introduced on January 6 2017 - 25% progression, died in committee
Action: 2017-01-06 - Referred to the Committee on Education and the Workforce, and in addition to the Committee on 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.
Pending: House Education And The Workforce Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 6 2017 - 25% progression, died in committee
Action: 2017-01-06 - Referred to the Committee on Education and the Workforce, and in addition to the Committee on 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.
Pending: House Education And The Workforce Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Protecting American Families' Retirement Advice Act This bill delays for two years the effective date of the Department of Labor rule published on April 8, 2016, relating to the definition of the term "fiduciary" and the conflict of interest rule with respect to retirement investment advice. (The rule defines who is a fiduciary with respect to pension and retirement plans. Under current law, a person who provides investment advice has a fiduciary obligation that requires the person to provide advice in the sole interest of plan participants and beneficiaries. The rule changes the definition of "investment advice" to treat people who provide investment advice to pension and retirement plans for a fee or other compensation as fiduciaries in a wider array of advice relationships.)
Title
Protecting American Families' Retirement Advice Act
Sponsors
| Rep. Joe Wilson [R-SC] | Rep. Mia Love [R-UT] | Rep. Mark Meadows [R-NC] | Rep. Jim Bridenstine [R-OK] |
| Rep. Eric Crawford [R-AR] | Rep. Glenn Thompson [R-PA] | Rep. Louie Gohmert [R-TX] | Rep. Tom Cole [R-OK] |
| Rep. Robert Latta [R-OH] | Rep. Billy Long [R-MO] | Rep. Lamar Smith [R-TX] | Rep. Mike Kelly [R-PA] |
| Rep. Bob Gibbs [R-OH] | Rep. Glenn Grothman [R-WI] | Rep. David Rouzer [R-NC] | Rep. Bruce Poliquin [R-ME] |
| Rep. Bill Flores [R-TX] | Rep. Randy Hultgren [R-IL] | Rep. Darin LaHood [R-IL] | Rep. Bill Posey [R-FL] |
| Rep. Doug LaMalfa [R-CA] | Rep. Evan Jenkins [R-WV] | Rep. Morgan Griffith [R-VA] | Rep. Trey Gowdy [R-SC] |
| Rep. Jeff Duncan [R-SC] | Rep. Jackie Walorski [R-IN] | Rep. Diane Black [R-TN] | Rep. Rick Allen [R-GA] |
| Rep. Paul Gosar [R-AZ] | Rep. Ron DeSantis [R-FL] | Rep. Ted Yoho [R-FL] | Rep. Mac Thornberry [R-TX] |
| Rep. Peter King [R-NY] | Rep. Tom Marino [R-PA] | Rep. Bob Goodlatte [R-VA] | Rep. Mike Bishop [R-MI] |
| Rep. Drew Ferguson [R-GA] | Rep. Kenny Marchant [R-TX] | Rep. Ralph Abraham [R-LA] | Rep. Rodney Frelinghuysen [R-NJ] |
| Sen. Ted Budd [R-NC] |
History
| Date | Chamber | Action |
|---|---|---|
| 2017-01-06 | House | Referred to the Committee on Education and the Workforce, and in addition to the Committee on 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. |
| 2017-01-06 | House | Referred to the Committee on Education and the Workforce, and in addition to the Committee on 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. |
| 2017-01-06 | House | Referred to the Committee on Education and the Workforce, and in addition to the Committee on 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. |
| 2017-01-06 | House | Introduced in House |
Subjects
Administrative law and regulatory procedures
Congressional oversight
Department of Labor
Employee benefits and pensions
Financial services and investments
Labor and employment
Congressional oversight
Department of Labor
Employee benefits and pensions
Financial services and investments
Labor and employment
US Congress State Sources
| Type | Source |
|---|---|
| Summary | https://www.congress.gov/bill/115th-congress/house-bill/355/all-info |
| Text | https://www.congress.gov/115/bills/hr355/BILLS-115hr355ih.pdf |
