US Congress Senate Bill 975 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 22-1)
Status: Introduced on April 1 2019 - 25% progression, died in committee
Action: 2019-04-01 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Pending: Senate Health, Education, Labor, And Pensions Committee
Text: Latest bill text (Introduced) [PDF]

Modifies the requirements for pension plans under the Employee Retirement Income Security Act of 1974 (ERISA) to (1) extend spousal consent requirements that currently apply to defined benefit pension plans to defined contribution pension plans, and (2) allow certain long-term part-time workers to participate in pension plans that include either a qualified cash or deferred arrangement or a salary reduction agreement. Financial product or service providers who sell retirement financial products or services must provide purchasers of their products or services an easily accessible link to the website of the Consumer Financial Protection Bureau to obtain information relating to retirement planning or later life economic security. The Women's Bureau of the Department of Labor shall award grants to certain community-based organizations to (1) improve the financial literacy of women who are working age or in retirement, and (2) assist low-income women and survivors of domestic violence in obtaining qualified domestic relations orders and the benefits they are entitled to through the orders.

Women's Retirement Protection Act

Sen. Patty Murray [D-WA]	Sen. Elizabeth Warren [D-MA]	Sen. Tina Smith [D-MN]	Sen. Tammy Baldwin [D-WI]
Sen. Debbie Stabenow [D-MI]	Sen. Jeanne Shaheen [D-NH]	Sen. Amy Klobuchar [D-MN]	Sen. Bernard Sanders [I-VT]
Sen. Kirsten Gillibrand [D-NY]	Sen. Tim Kaine [D-VA]	Sen. Dianne Feinstein [D-CA]	Sen. Maria Cantwell [D-WA]
Sen. Catherine Cortez Masto [D-NV]	Sen. Mazie Hirono [D-HI]	Sen. Tammy Duckworth [D-IL]	Sen. Margaret Hassan [D-NH]
Sen. Kamala Harris [D-CA]	Sen. Jeff Merkley [D-OR]	Sen. Robert Menendez [D-NJ]	Sen. Michael Bennet [D-CO]
Sen. Jacky Rosen [D-NV]	Sen. Richard Blumenthal [D-CT]	Sen. Ron Wyden [D-OR]

Date	Chamber	Action
2019-04-01	Senate	Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

HB2005 (Related) 2019-04-01 - Referred to the Committee on Education and Labor, and in addition to the Committee on Financial Services, 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.

Type	Source
Summary	https://www.congress.gov/bill/116th-congress/senate-bill/975/all-info
Text	https://www.congress.gov/116/bills/s975/BILLS-116s975is.pdf