Women's Pension Protection Act of 2018
Latest action · Oct 2, 2018 Referred to the Committee on Education and the Workforce, 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.
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.
- IntroducedOct 2, 2018
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Women's Pension Protection Act of 2018
This bill amends 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 victims of domestic violence in obtaining qualified domestic relations orders and the benefits they are entitled to through the orders.
Cosponsors 2
Members who signed on, in the order they did. All signed on Oct 2, 2018.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-NJ | Donald Norcross | Original | Oct 2, 2018 |
| D-OR | Suzanne Bonamici | Original | Oct 2, 2018 |
Committees 2
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 Oct 2, 2018 |
| House | Financial Services Committee | Referred Oct 2, 2018 |
Actions 2
Everything that happened, newest first.
- Oct 2, 2018Introduced in House
- Oct 2, 2018Referred to the Committee on Education and the Workforce, 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.
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
The sponsor’s statement, as printed in the Congressional Record, vol. 164, no. 163, October 2, 2018, page H9415.
Related bills 1
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 3436 | Women's Pension Protection Act of 2018 | Identical bill | Sep 12, 2018 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Employee Retirement Income Security Act of 1974 to provide for greater spousal protection under defined contribution plans, and for other purposes.
- Short Titles as Introduced
- Women's Pension Protection Act of 2018
Subjects
Assigned by the Library of Congress. Policy area: Labor and Employment.
- Civil actions and liability
- Consumer affairs
- Crime victims
- Crimes against women
- Domestic violence and child abuse
- Employee benefits and pensions
- Family relationships
- Financial literacy
- Financial services and investments
- Government information and archives
- Labor and Employment
- Separation, divorce, custody, support
- Temporary and part-time employment
- Women's employment
Text 1
Each version as it was printed, newest first.
- Oct 2, 2018Introduced 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; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
