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 · Jul 8, 2013 Referred to the Subcommittee on Health, Employment, 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.
- IntroducedMay 17, 2013
- Passed HouseNot reached
- Passed SenateNot 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 meaning of a fiduciary subject to ERISA.
Cosponsors 39
Members who signed on, in the order they did. Signatures ran from May 17, 2013 to Jun 23, 2014, with 2 there on the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-IA | David Loebsack | Original | May 17, 2013 |
| R-KS | Lynn Jenkins | Original | May 17, 2013 |
| R-LA | Charles W. Boustany, Jr. | May 23, 2013 | |
| R-OH | Robert E. Latta | Jun 5, 2013 | |
| R-IA | Steve King | Jun 5, 2013 | |
| R-IA | Tom Latham | Jun 12, 2013 | |
| R-KY | Andy Barr | Jul 8, 2013 | |
| R-OH | James B. Renacci | Jul 8, 2013 | |
| R-TX | K. Michael Conaway | Jul 8, 2013 | |
| R-NV | Mark E. Amodei | Jul 8, 2013 | |
| R-AR | Steve Womack | Jul 8, 2013 | |
| R-AR | Tim Griffin | Jul 8, 2013 | |
| D-MN | Collin C. Peterson | Jul 18, 2013 | |
| R-SD | Kristi L. Noem | Jul 18, 2013 | |
| R-IN | Todd Young | Jul 18, 2013 |
Actions 3
Everything that happened, newest first.
- Jul 8, 2013Referred to the Subcommittee on Health, Employment, Labor, and Pensions.
- May 17, 2013Introduced in House
- May 17, 2013Referred to the House Committee on Education and the Workforce.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 273 | 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. | Identical bill | Feb 11, 2013 |
Subjects
Assigned by the Library of Congress. Policy area: Labor and Employment.
Text 1
Each version as it was printed, newest first.
- May 17, 2013Introduced in House
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.