Employer-Owned Life Insurance Limitation Act

Summary

Employer-Owned Life Insurance Limitation Act - Makes it unlawful for any employer to carry an employer-owned life insurance policy on any employee whose salary is less than $1 million per year. Makes it also unlawful for any employer to carry an employer-owned life insurance policy not prohibited by this Act for an employee (earning $1 million or more per year) more than 30 days after that employee terminates employment with the employer. Requirers an employer to notify an employee who is the subject of a non-prohibited employer-owned life insurance policy within 30 days after purchasing it. Authorizes any employee who is the subject of a prohibited employer-owned life insurance policy (or the employee's spouse or next of kin if the employee is deceased) to commence a civil action in an appropriate U.S. district court to: (1) enjoin the employer from carrying such a policy; and (2) obtain specified damages. Directs the Comptroller General to study and report to Congress on the incidence of employers carrying employer-owned life insurance policies on their employees, and related matters. Prescribes criminal penalties for violation of this Act.

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

Timeline

1. 29 September 2009

   Introduced

   Introduced in House

   Source: IntroReferral

2. 29 September 2009

   Introduced

   Referred to the House Committee on Education and Labor.

   Source: IntroReferral

3. 29 September 2009

   Introduced

   Sponsor introductory remarks on measure. (CR E2396)

   Source: IntroReferral

4. 29 September 2009

   Introduced

   Introduced in House

   Source: IntroReferral

5. 30 September 2009

   Introduced

   Sponsor introductory remarks on measure. (CR H10073)

   Source: IntroReferral

6. 16 November 2009

   Referred

   Referred to the Subcommittee on Health, Employment, Labor, and Pensions.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 29 September 2009 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 29 September 2009

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 29 September 2009

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 29 September 2009

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  Vertaal document

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

Sponsors

• Rep. Gutierrez, Luis V. [D-IL-4] · D · Sponsor
• Rep. Kaptur, Marcy [D-OH-9] · D · Cosponsor
• Rep. Miller, George [D-CA-11] · D · Cosponsor
• Rep. Filner, Bob [D-CA-51] · D · Cosponsor
• Rep. Hare, Phil [D-IL-17] · D · Cosponsor
• Rep. Grijalva, Raúl M. [D-AZ-7] · D · Cosponsor
• Rep. Courtney, Joe [D-CT-2] · D · Cosponsor
• · hsed00 · Standing

Related records

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