A bill to modify the definition of fiduciary under the Employee Retirement Income Security Act of 1974 to exclude appraisers of employee stock ownership plans.
Latest action · Jun 20, 2011 Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
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.
- IntroducedJun 20, 2011
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Amends the Employee Retirement Income and Security Act of 1974 (ERISA) to exclude appraisers of employee stock ownership plans (ESOPs) from the the meaning of a fiduciary subject to ERISA.
Cosponsors 6
Members who signed on, in the order they did. Signatures ran from Jun 20, 2011 to Sep 7, 2011; 4 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-LA | Mary L. Landrieu | Original | Jun 20, 2011 |
| R-ME | Olympia J. Snowe | Original | Jun 20, 2011 |
| R-MA | Scott P. Brown | Original | Jun 20, 2011 |
| R-ME | Susan M. Collins | Original | Jun 20, 2011 |
| R-KY | Mitch McConnell | Jul 14, 2011 | |
| R-MO | Roy Blunt | Sep 7, 2011 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Health, Education, Labor, and Pensions Committee | Referred Jun 20, 2011 |
Actions 2
Everything that happened, newest first.
- Jun 20, 2011Introduced in Senate
- Jun 20, 2011Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Titles 1
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to modify the definition of fiduciary under the Employee Retirement Income Security Act of 1974 to exclude appraisers of employee stock ownership plans.
Subjects
Assigned by the Library of Congress. Policy area: Labor and Employment.
Text 1
Each version as it was printed, newest first.
- Jun 20, 2011Introduced in Senate
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; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
