HR 2041 · 113th Congress 2013–2015, ended

To modify the definition of fiduciary under the Employee Retirement Income Security Act of 1974 to exclude appraisers of employee stock ownership plans.

Introduced May 17, 2013 Originated House Sponsor Brett Guthrie R-KY

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; 2 are original cosponsors, there from 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
D-FL	Patrick Murphy		Jul 31, 2013
R-CA	John Campbell		Aug 1, 2013
D-CA	Brad Sherman		Aug 2, 2013
D-NY	Carolyn McCarthy		Aug 2, 2013
D-CA	Mike Thompson		Aug 2, 2013
D-NY	Timothy H. Bishop		Aug 2, 2013
R-AR	Tom Cotton		Sep 16, 2013
R-IN	Todd Rokita		Sep 18, 2013
D-NY	Daniel B. Maffei		Sep 23, 2013
R-WV	Shelley Moore Capito		Sep 26, 2013
R-IL	Aaron Schock		Oct 23, 2013
R-PA	Glenn Thompson		Oct 28, 2013
D-DE	John C. Carney, Jr.		Oct 30, 2013
R-MI	Tim Walberg		Nov 13, 2013
D-CA	Juan Vargas		Dec 2, 2013
D-IL	Bradley Scott Schneider		Jan 13, 2014
R-GA	Austin Scott		Mar 25, 2014
R-AR	Eric A. "Rick" Crawford		Apr 4, 2014
D-NH	Ann M. Kuster		May 9, 2014
R-MN	Erik Paulsen		May 20, 2014
D-IA	Bruce L. Braley		May 27, 2014
R-ND	Kevin Cramer		May 29, 2014
R-NE	Adrian Smith		May 30, 2014
R-PA	Michael G. Fitzpatrick		Jun 23, 2014

Committees 1

Where it was sent and what each committee and subcommittee did with it, in order.

Chamber	Committee	What it did
House	Education and Workforce Committee	Referred May 17, 2013
	Health, Employment, Labor, and Pensions Subcommittee	Referred Jul 8, 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.

In the Congressional Record 1

Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.

Where	In the Record	Members	Date
House	Lists H2774H.R. 2041–5051	—	May 17, 2013

Research

What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.

Constitutional authority

[Pages H5347-H5349] From the Congressional Record Online through the Government Publishing Office [ www.gpo.gov ] By Mr. NEUGEBAUER: H.J. Res. 57. Congress has the power to enact this legislation pursuant to the following: Constitutional Amendments Article V The Congress, whenever two thirds of both Houses shall deem it necessary, shall propose Amendments to this Constitution, or, on the Application of the Legislatures of two thirds of the several States, shall call a Convention for proposing Amendments, which in either Case, shall be valid to all Intents and Purposes, as Part of this Constitution, when ratified by the Legislatures of three fourths of the several States or by Conventions in three fourths thereof, as the one or the other Mode of Ratification may be proposed by the Congress; Provided that no Amendment which may be made prior to the Year One thousand eight hundred and eight shall in any Manner affect the first and fourth Clauses in the Ninth Section of the first Article; and that no State without its Consent, shall be deprived of its equal Suffrage in the Senate. ADDITIONAL SPONSORS Under clause 7 of rule XII, sponsors were added to public bills and resolutions as follows: H.R. 60: Mr. Danny K. Davis of Illinois. H.R. 148: Mr. Enyart. H.R. 182: Mr. Sires. H.R. 183: Mr. Enyart. H.R. 262: Mr. Heck of Nevada and Mr. Schock. H.R. 279: Mr. Ruiz. H.R. 281: Ms. Kaptur. H.R. 292: Mr. George Miller of California. H.R. 301: Mr. Gardner and Mr. Wittman. H.R. 310: Mr. Kilmer. H.R. 362: Mr. George Miller of California. H.R. 363: Mr. George Miller of California. H.R. 366: Ms. Jenkins and Mr. Schneider. H.R. 419: Mr. Kelly of Pennsylvania. H.R. 460: Mr. Perlmutter. H.R. 474: Mr. Ellison. H.R. 485: Ms. Tsongas. H.R. 491: Mr. Sherman. H.R. 508: Mr. Quigley, Mr. Barber, and Mr. Gibson. H.R. 523: Mr. Smith of Missouri. H.R. 525: Mr. Ryan of Ohio. H.R. 533: Mr. Cartwright and Mr. DeFazio. H.R. 543: Mr. George Miller of California. H.R. 574: Mr. Clay. H.R. 578: Mr. Womack. H.R. 580: Mr. Cartwright. H.R. 620: Mr. Ellison. H.R. 621: Mr. Barletta. H.R. 647: Mr. Pascrell, Mrs. Miller of Michigan, Mr. Johnson of Georgia, Ms. Fudge, Mr. McDermott, and Mr. Neal. H.R. 679: Mr. Scott of Virginia. H.R. 685: Ms. Moore, Mr. Price of Georgia, Mr. Al Green of Texas, Mr. Kilmer, Mr. Neal, Mrs. Lowey, and Mr. Womack. H.R. 690: Mr. Barletta and Mr. Walden. H.R. 702: Mr. Cohen and Mr. Langevin. H.R. 720: Mr. Cartwright. H.R. 724: Mr. Swalwell of California. H.R. 755: Ms. Esty. H.R. 792: Mr. Gowdy. H.R. 795: Mr. Stockman. H.R. 846: Mr. Nunnelee, Mr. Courtney, Mr. Cohen, Mr. Kline, Mr. Sam Johnson of Texas, Ms. Fudge, Mr. Stutzman, and Mr. Pocan. H.R. 920: Mr. Gallego. H.R. 938: Mr. Thornberry. H.R. 961: Mr. Bera of California. H.R. 975: Mr. Price of North Carolina. H.R. 1001: Mr. Bishop of New York and Mr. Cole. H.R. 1014: Mr. Rothfus. H.R. 1015: Mr. Huffman, Mr. Bachus, and Mr. Barletta. H.R. 1020: Mr. Danny K. Davis of Illinois, Mr. Renacci, and Mr. Womack. H.R. 1024: Ms. Clarke, Mrs. Miller of Michigan, and Ms. Kuster. H.R. 1074: Ms. DeGette. H.R. 1091: Mr. Sam Johnson of Texas, Mr. Goodlatte, and Mr. Massie. H.R. 1094: Mr. Bera of California and Mr. Serrano. H.R. 1105: Mr. Matheson and Mr. Bachus. H.R. 1146: Mr. McHenry. H.R. 1175: Ms. Bass. H.R. 1176: Mr. Wittman. H.R. 1237: Mr. Stivers. H.R. 1249: Mr. Griffin of Arkansas. H.R. 1250: Mr. Courtney, Mrs. Miller of Michigan, and Ms. Esty. H.R. 1252: Mr. Cook, Mr. Runyan, and Mr. Pearce. H.R. 1276: Mrs. Miller of Michigan, Mr. Fortenberry, Ms. Duckworth, Mr. Farr, and Mrs. Capps. H.R. 1318: Ms. Sewell of Alabama, Mr. Neal, and Mr. Clay. H.R. 1327: Ms. McCollum. H.R. 1346: Mr. Lowenthal. H.R. 1354: Mr. Kilmer. H.R. 1389: Ms. Frankel of Florida and Ms. Esty. H.R. 1416: Mr. Israel and Mr. Wilson of South Carolina. H.R. 1428: Mr. Gerlach. H.R. 1476: Mr. Bentivolio. H.R. 1518: Ms. Pingree of Maine. H.R. 1526: Mr. Coffman. H.R. 1563: Ms. Wilson[...]

The sponsor’s statement, as printed in the page H5348.

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

Titles 1

Every title it has carried, official and short, at each stage.

Official Title as Introduced: 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.

May 17, 2013Introduced in House

Support LegiList

This page is free, carries no paywall, and is built and maintained by one person. If the record here is useful to you, a few dollars keeps it going.

$1 $5 $10

Processed by Stripe in a separate window. LegiList never sees card details.

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.