Increasing Access to a Secure Retirement Act of 2019

Summary

Increasing Access to a Secure Retirement Act of 2019 This bill specifies optional measures that a fiduciary for a pension plan may take in selecting an insurer for a guaranteed retirement income contract to assure that the fiduciary meets the prudent man standard of care required under the Employee Retirement Income Security Act of 1974 (ERISA). A "guaranteed retirement income contract" is an annuity contract for a fixed term or a contract (or provision or feature thereof) which provides guaranteed benefits annually (or more frequently) for at least the remainder of the life of the participant or joint lives of the participant and the participant's designated beneficiary as part of a defined contribution plan.

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Timeline

1. 28 February 2019

   Introduced

   Referred to the House Committee on Education and Labor.

   Source: IntroReferral

2. 28 February 2019

   Introduced

   Introduced in House

   Source: IntroReferral

3. 28 February 2019

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 28 February 2019 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 28 February 2019

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 28 February 2019

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 28 February 2019

  Open at official source

Sponsors

• Rep. Walberg, Tim [R-MI-5] · R · Sponsor
• Sen. Blunt Rochester, Lisa [D-DE] · D · Sponsor
• David Roe · R · Sponsor
• Rep. Sewell, Terri A. [D-AL-7] · D · Sponsor
• David Loebsack · D · Sponsor
• Paul Mitchell · R · Sponsor
• Joseph Morelle · D · Cosponsor
• Ron Wright · R · Cosponsor
• · hsed00 · Standing

Related records

• related to → Retirement Enhancement and Savings Act of 2019
• related to → Family Savings Act of 2019
• related to ← Further Consolidated Appropriations Act, 2020
• related to ← Setting Every Community Up for Retirement Enhancement Act of 2019
• related to ← Increasing Access to a Secure Retirement Act of 2017