An amendment in the nature of a substitute that would eliminate all provisions of the bill except the provisions which eliminate the economically targeted investment (ETI) clearinghouse. The substitute would express that it is the sense of the Congress that the Labor Department should apply the same fiduciary standards to ETIs as are applicable to pension plan investments generally under the Employee Retirement Income Security Act. The amendment would also void the Labor Department's interpretive bulletin 94-1 to the extent that it is construed as authorizing investments which are in violation of ERISA.

failedUnited States· United States Congress· EN

Introduced

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Last action

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Status

On agreeing to the Andrews amendment (A008) Failed by recorded vote: 178 - 232 (Roll no. 651).

Records

Official amendment HAMDT 778 (104th) from United States at United States Congress. Status: On agreeing to the Andrews amendment (A008) Failed by recorded vote: 178 - 232 (Roll no. 651)..

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Related records

amends → To place restrictions on the promotion by the Department of Labor and other Federal agencies and instrumentalities of economically targeted investments in connection with employee benefit plans.

Sources

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Official source: https://www.congress.gov/amendment/104th-congress/hamdt-778
Open data entity: https://api.congress.gov/v3/amendment/104/hamdt/778
us · 104-hamdt-778 · source updated 15 August 2021