HR 3445 · 107th Congress 2001–2003, ended

Retirement Enhancement Act of 2001

Introduced Dec 11, 2001 Originated House Sponsor Robert E. Andrews D-NJ

Fact sheet

Latest action · Apr 5, 2002 Referred to the Subcommittee on Employer-Employee Relations.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

  1. IntroducedDec 11, 2001
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Retirement Enhancement Act of 2001 - Amends the Employee Retirement Income Security Act of 1974 (ERISA) to revise or provide pension plan requirements for: (1) plan coverage and participation, defined contribution plan benefit vesting, and simplified pension plans; (2) various pension protections for spouses (under both ERISA and the Civil Service Retirement Spouse Equity Act of 1984); (3) simplified investment standards, including disclosure regarding investments and voting of proxies, diversification in defined contribution investments, diversification of investments under employee stock ownership plans by participants and beneficiaries over 55 years of age; (4) pension information reporting and enforcement for defined benefit plans and multiemployer plans; and (5) various pension protections for a changing workforce, including pension plan qualified loans for health insurance and job training expenses of participants or beneficiaries, immediate distributions if rolled over to qualified plans, prompt distributions from defined contribution plans upon termination of participants' covered employment, and an extended period for recoupment of overpayments.

Cosponsors 18

Members who signed on, in the order they did. Signatures ran from Dec 11, 2001 to Feb 14, 2002, with 17 there on the day it was introduced.

SeatCosponsorSigned on
D-MNBetty McCollumOriginalDec 11, 2001
D-MIDale E. KildeeOriginalDec 11, 2001
D-OHDennis J. KucinichOriginalDec 11, 2001
D-NJDonald M. PayneOriginalDec 11, 2001
D-CAGeorge MillerOriginalDec 11, 2001
D-TNHarold E. Ford Jr.OriginalDec 11, 2001
D-CAHilda L. SolisOriginalDec 11, 2001
D-MAJohn F. TierneyOriginalDec 11, 2001
D-CALoretta SanchezOriginalDec 11, 2001
D-CALynn C. WoolseyOriginalDec 11, 2001
D-MILynn N. RiversOriginalDec 11, 2001
D-NYMajor R. OwensOriginalDec 11, 2001
D-HIPatsy T. MinkOriginalDec 11, 2001
D-VARobert C. "Bobby" ScottOriginalDec 11, 2001
D-WIRon KindOriginalDec 11, 2001
D-TXRuben HinojosaOriginalDec 11, 2001
D-NJRush HoltOriginalDec 11, 2001
D-CATom LantosFeb 14, 2002

Actions 7

Everything that happened, newest first.

  1. Apr 5, 2002Referred to the Subcommittee on Employer-Employee Relations.
  2. Jan 28, 2002Executive Comment Requested from DOD.
  3. Jan 28, 2002Referred to the Subcommittee on Military Personnel.
  4. Jan 15, 2002Referred to the Subcommittee on the Civil Service and Agency Organization.
  5. Dec 13, 2001Sponsor introductory remarks on measure. (CR E2304)
Show all 7 actions

Subjects

Assigned by the Library of Congress. Policy area: Labor and Employment.

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov.