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United States · Bill · HR

H.R. 355 (115th)

Protecting American Families' Retirement Advice Act

referredUnited States· United States Congress· EN

Introduced

6 January 2017

Last action

6 January 2017 · Introduced

Status

Referred to the Committee on Education and the Workforce, and in addition to the Committee on Ways and Means, 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.

Sponsors

Rep. Wilson, Joe [R-SC-2], Rep. Love, Mia B. [R-UT-4], Rep. Meadows, Mark [R-NC-11], Rep. Bridenstine, Jim [R-OK-1], Rep. Crawford, Eric A. "Rick" [R-AR-1], Rep. Thompson, Glenn [R-PA-15], Rep. Gohmert, Louie [R-TX-1], Rep. Cole, Tom [R-OK-4], Rep. Latta, Robert E. [R-OH-5], Rep. Long, Billy [R-MO-7], Rep. Smith, Lamar [R-TX-21], Rep. Kelly, Mike [R-PA-16], Rep. Gibbs, Bob [R-OH-7], Rep. Grothman, Glenn [R-WI-6], Rep. Rouzer, David [R-NC-7], Rep. Poliquin, Bruce [R-ME-2], Rep. Flores, Bill [R-TX-17], Rep. Hultgren, Randy [R-IL-14], Rep. LaHood, Darin [R-IL-16], Rep. Posey, Bill [R-FL-8], Rep. LaMalfa, Doug [R-CA-1], Rep. Jenkins, Evan H. [R-WV-3], Rep. Griffith, H. Morgan [R-VA-9], Rep. Gowdy, Trey [R-SC-4], Rep. Duncan, Jeff [R-SC-3], Rep. Walorski, Jackie [R-IN-2], Rep. Black, Diane [R-TN-6], Rep. Allen, Rick W. [R-GA-12], Rep. Gosar, Paul A. [R-AZ-9], Rep. DeSantis, Ron [R-FL-6], Rep. Yoho, Ted S. [R-FL-3], Rep. Thornberry, Mac [R-TX-13], Rep. King, Peter T. [R-NY-2], Rep. Marino, Tom [R-PA-10], Rep. Goodlatte, Bob [R-VA-6], Rep. Bishop, Mike [R-MI-8], Rep. Ferguson, A. Drew, IV [R-GA-3], Rep. Marchant, Kenny [R-TX-24], Rep. Abraham, Ralph Lee [R-LA-5], Rep. Frelinghuysen, Rodney P. [R-NJ-11], Sen. Budd, Ted [R-NC]

Subjects

Discovery layer

Source updated

11 August 2025

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Summary

Protecting American Families' Retirement Advice Act This bill delays for two years the effective date of the Department of Labor rule published on April 8, 2016, relating to the definition of the term "fiduciary" and the conflict of interest rule with respect to retirement investment advice. (The rule defines who is a fiduciary with respect to pension and retirement plans. Under current law, a person who provides investment advice has a fiduciary obligation that requires the person to provide advice in the sole interest of plan participants and beneficiaries. The rule changes the definition of "investment advice" to treat people who provide investment advice to pension and retirement plans for a fee or other compensation as fiduciaries in a wider array of advice relationships.)

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

Timeline

  1. 6 January 2017

    Introduced

    Referred to the Committee on Education and the Workforce, and in addition to the Committee on Ways and Means, 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.

    Source: IntroReferral

  2. 6 January 2017

    Introduced

    Referred to the Committee on Education and the Workforce, and in addition to the Committee on Ways and Means, 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.

    Source: IntroReferral

  3. 6 January 2017

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 6 January 2017

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

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Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 6 January 2017

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  • Introduced in House (PDF)

    Introduced in House · EN · 6 January 2017

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 6 January 2017

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Sponsors

Related records

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Sources

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