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.

Summary

Expresses the sense of the Congress that economically targeted investments violate specified provisions of the Employee Retirement Income Security Act of 1974 (ERISA) relating to a fiduciary's responsibility to serve the interests of employee benefit plan participants and beneficiaries exclusively. Requires that the application of such ERISA provisions to employee benefit plan asset investments be determined without regard to a specified Department of Labor (DOL) interpretive bulletin or any other similar directive regarding economically targeted investments. Prohibits DOL officers or employees from traveling, lecturing, or otherwise expending DOL resources to promote, directly or indirectly, economically targeted investments. Amends ERISA to prohibit Federal agencies or instrumentalities from establishing or maintaining any clearinghouse or other database relating to economically targeted investments for employee benefit plans. Directs Federal agencies and instrumentalities to immediately terminate contracts or other arrangements which violate this Act.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 9 May 1995

   Introduced

   Referred to the House Committee on Economic and Educational Opportunities.

   Source: IntroReferral

2. 9 May 1995

   Introduced

   Sponsor introductory remarks on measure. (CR H4551, E959)

   Source: IntroReferral

3. 9 May 1995

   Introduced

   Introduced in House

   Source: IntroReferral

4. 9 May 1995

   Introduced

   Introduced in House

   Source: IntroReferral

5. 19 May 1995

   Referred

   Referred to the Subcommittee on Employer-Employee Relations.

   Source: Committee

6. 15 June 1995

   Committee

   Subcommittee Hearings Held.

   Source: Committee

7. 13 July 1995

   Vote

   Forwarded by Subcommittee to Full Committee (Amended) by the Yeas and Nays: 8 - 5.

   Source: Committee

8. 13 July 1995

   Committee

   Subcommittee Consideration and Mark-up Session Held.

   Source: Committee

9. 20 July 1995

   Vote

   Ordered to be Reported (Amended) by the Yeas and Nays: 23 - 15.

   Source: Committee

10. 20 July 1995

    Committee

    Committee Consideration and Mark-up Session Held.

    Source: Committee

11. 4 August 1995

    Passed

    Mr. Goodling asked unanimous consent that the Committee on Economic and Educational have until 12:00 p.m. on Sept. 1 to file a report on H.R. 1594. Agreed to without objection.

    Source: Committee

12. 1 September 1995

    Calendars

    Placed on the Union Calendar, Calendar No. 129.

    Source: Calendars

13. 1 September 1995

    Reported

    Reported (Amended) by the Committee on Economic and Educational. H. Rept. 104-238.

    Source: Committee

14. 1 September 1995

    Reported

    Reported (Amended) by the Committee on Economic and Educational. H. Rept. 104-238.

    Source: Committee

15. 7 September 1995

    Reported

    Rules Committee Resolution H. Res. 215 Reported to House. Rule provides for consideration of H.R. 1594 with 2 hours of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be read by section. Bill is open to amendments. It shall be in order to consider as an original bill for the purpose of amendment under the five-minute rule the amendment in the nature of a substitute recommended by the Committee on Economic and Educational Opportunites now printed in the bill.

    Source: Floor

16. 12 September 1995

    Passed

    Motion to reconsider laid on the table Agreed to without objection.

    Source: Floor

17. 12 September 1995

    Vote

    On passage Passed by recorded vote: 239 - 179 (Roll no. 652).

    Source: Floor

18. 12 September 1995

    Vote

    Passed/agreed to in House: On passage Passed by recorded vote: 239 - 179 (Roll no. 652).

    Source: Floor

19. 12 September 1995

    Passed

    The House adopted the amendment in the nature of a substitute as agreed to by the Committee of the Whole House on the state of the Union.

    Source: Floor

20. 12 September 1995

    Floor

    The previous question was ordered pursuant to the rule.

    Source: Floor

21. 12 September 1995

    Floor

    The House rose from the Committee of the Whole House on the state of the Union to report H.R. 1594.

    Source: Floor

22. 12 September 1995

    Floor

    The Speaker designated the Honorable Bill Emerson to act as Chairman of the Committee.

    Source: Floor

23. 12 September 1995

    Floor

    House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 215 and Rule XXIII.

    Source: Floor

24. 12 September 1995

    Floor

    Rule provides for consideration of H.R. 1594 with 2 hours of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be read by section. Bill is open to amendments. It shall be in order to consider as an original bill for the purpose of amendment under the five-minute rule the amendment in the nature of a substitute recommended by the Committee on Economic and Educational Opportunites now printed in the bill.

    Source: Floor

25. 12 September 1995

    Floor

    Considered under the provisions of rule H. Res. 215. (consideration: CR H8740-8776)

    Source: Floor

26. 12 September 1995

    Passed

    Rule H. Res. 215 passed House.

    Source: Floor

27. 14 September 1995

    Introduced

    Received in the Senate and read twice and referred to the Committee on Labor and Human Resources.

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Referred in Senate · 14 September 1995 · Download file
• Engrossed in House · 12 September 1995 · Download file
• Reported in House · 1 September 1995 · Download file
• Introduced in House · 9 May 1995 · Download file

Documents

11 official files

• Referred in Senate (text)

  Referred in Senate · EN · 14 September 1995

  ViewDownloadOpen at official source

• Referred in Senate (PDF)

  Referred in Senate · EN · 14 September 1995

  ViewDownloadOpen at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

• Engrossed in House (text)

  Engrossed in House · EN · 12 September 1995

  ViewDownloadOpen at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

• Engrossed in House (PDF)

  Engrossed in House · EN · 12 September 1995

  ViewDownloadOpen at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

• Passed House amended

  summary · EN · 12 September 1995

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

• Reported in House (text)

  Reported in House · EN · 1 September 1995

  ViewDownloadOpen at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

• Reported in House (PDF)

  Reported in House · EN · 1 September 1995

  ViewDownloadOpen at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

• Reported to House with amendment(s)

  summary · EN · 1 September 1995

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

• Introduced in House (text)

  Introduced in House · EN · 9 May 1995

  ViewDownloadOpen at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

• Introduced in House (PDF)

  Introduced in House · EN · 9 May 1995

  ViewDownloadOpen at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

• Introduced in House

  summary · EN · 9 May 1995

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Saxton, Jim [R-NJ-3] · R · Sponsor
• Rep. Armey, Richard K. [R-TX-26] · R · Sponsor
• Rep. Hastert, J. Dennis [R-IL-14] · R · Sponsor
• Rep. Istook, Ernest J., Jr. [R-OK-5] · R · Sponsor
• Rep. Kelly, Sue W. [R-NY-19] · R · Sponsor
• Rep. Seastrand, Andrea H. [R-CA-22] · R · Sponsor
• Rep. Hastings, Doc [R-WA-4] · R · Sponsor
• Rep. Hoke, Martin R. [R-OH-10] · R · Sponsor
• Rep. Cox, Christopher [R-CA-48] · R · Sponsor
• Rep. Manzullo, Donald A. [R-IL-16] · R · Sponsor
• Rep. Ewing, Thomas W. [R-IL-15] · R · Sponsor
• Rep. Sanford, Mark [R-SC-1] · R · Sponsor
• Rep. LaHood, Ray [R-IL-18] · R · Sponsor
• Rep. Meyers, Jan [R-KS-3] · R · Sponsor
• Rep. Stump, Bob [R-AZ-3] · R · Sponsor
• Rep. Scarborough, Joe [R-FL-1] · R · Sponsor
• Rep. Upton, Fred [R-MI-6] · R · Sponsor
• Rep. Heineman, Frederick K. (Fred) [R-NC-4] · R · Sponsor
• Rep. Largent, Steve [R-OK-1] · R · Sponsor
• Rep. Smith, Lamar [R-TX-21] · R · Sponsor
• Rep. Thornberry, Mac [R-TX-13] · R · Sponsor
• Rep. Doolittle, John T. [R-CA-4] · R · Sponsor
• Rep. Ehrlich, Robert L., Jr. [R-MD-2] · R · Sponsor
• Rep. Rohrabacher, Dana [R-CA-48] · R · Sponsor
• Rep. Cunningham, Randy (Duke) [R-CA-50] · R · Sponsor
• Rep. Salmon, Matt [R-AZ-5] · R · Sponsor
• Rep. Bartlett, Roscoe G. [R-MD-6] · R · Sponsor
• Rep. Boehner, John A. [R-OH-8] · R · Sponsor
• Rep. Miller, Dan [R-FL-13] · R · Sponsor
• Rep. Chenoweth-Hage, Helen [R-ID-1] · R · Sponsor
• Rep. Herger, Wally [R-CA-2] · R · Sponsor
• Rep. Barton, Joe [R-TX-6] · R · Sponsor
• Rep. Latham, Tom [R-IA-3] · R · Sponsor
• Rep. Livingston, Bob [R-LA-1] · R · Sponsor
• Rep. Gekas, George W. [R-PA-17] · R · Sponsor
• Rep. Hilleary, Van [R-TN-4] · R · Sponsor
• Sen. Talent, Jim [R-MO] · R · Sponsor
• Rep. Walsh, James T. [R-NY-25] · R · Sponsor
• Rep. DeLay, Tom [R-TX-22] · R · Sponsor
• Rep. Ramstad, Jim [R-MN-3] · R · Cosponsor
• Rep. Solomon, Gerald B. H. [R-NY-22] · R · Cosponsor
• Rep. Christensen, Jon [R-NE-2] · R · Cosponsor
• Rep. Chabot, Steve [R-OH-1] · R · Cosponsor
• Rep. Foley, Mark [R-FL-16] · R · Cosponsor
• Rep. Ballenger, Cass [R-NC-10] · R · Cosponsor
• Rep. LoBiondo, Frank A. [R-NJ-2] · R · Cosponsor
• Rep. English, Phil [R-PA-3] · R · Cosponsor
• Rep. Knollenberg, Joe [R-MI-9] · R · Cosponsor

Showing 48 of 108 sponsors and actors.

Related records

• related to → To correct technical errors in the enrollment of the bill H.R. 1594.
• related to → Providing for the consideration of the bill (H.R. 1594) 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.
• related to ← A bill 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.
• amends ← An amendment stating that nothing in this Act shall be construed as prohibiting the investment by an employee benefit plan in infrastructure improvements.
• amends ← An amendment stating to clarify that nothing in the bill shall be construed as prohibiting investment by an employee benefit plan in domestic investments, as distinguished from foreign investments, and requires the Secretary of Labor to take actions to encourage domestic investments by pension plans.
• amends ← An amendment stating that nothing in this Act shall be construed as prohibiting the Department of Labor from issuing advisory opinions regarding the legality of investments in the construction or renovation of affordable housing units.
• amends ← An amendment stating that nothing in this Act shall be construed as prohibiting the Department of Labor from issuing advisory opinions regarding the legality of investments.
• amends ← An amendment, printed as amendment No. 1 in the Congressional Record of September 8, 1995, to clarify that nothing in the bill may be construed as prohibiting private pension plans from investing in domestic investments.
• amends ← An amendment in the nature of a substitute to replace the language of the bill with provisions intended to ensure that the Labor Department remains neutral with respect to economically targeted investments (ETIs). The amendment would specify that the Department of Labor's Interpretive Bulletin 94-1 should be construed as neither advocating nor discouraging economically targeted investments. The substitute would also prohibit the Labor Department from issuing any rule, regulation, or interpretive bulletin which would promote or discourage ETIs as a specified class of investment. The amendment prohibits any employee of the Labor Department from travelling, lecturing, or otherwise expending resources available to the Department for the purpose of promoting or discouraging ETIs.
• amends ← 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.

Showing 10 of 11 related records.