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United States · Bill · HR

H.R. 4111 (100th)

Employer Reversion Moratorium Act of 1988

referredUnited States· United States Congress· EN

Introduced

9 March 1988

Last action

22 March 1988 · Referred

Status

Referred to Subcommittee on Labor-Management Relations.

Sponsors

Rep. Clay, William (Bill) [D-MO-1], Rep. Pepper, Claude [D-FL-18], Rep. Roybal, Edward R. [D-CA-25], Rep. Rinaldo, Matthew J. [R-NJ-7], Rep. Ackerman, Gary L. [D-NY-5], Rep. Alexander, Bill [D-AR-1], Rep. Biaggi, Mario [D-NY-19], Sen. Boxer, Barbara [D-CA], Rep. Bustamante, Albert G. [D-TX-23], Rep. Collins, Cardiss [D-IL-7], Rep. Davis, Robert W. [R-MI-11], Rep. Davis, Jack [R-IL-4], Del. de Lugo, Ron [D-VI-At Large], Rep. Dellums, Ronald V. [D-CA-9], Rep. Dymally, Mervyn M. [D-CA-31], Rep. Eckart, Dennis E. [D-OH-11], Del. Fauntroy, Walter E. [D-DC-At Large], Rep. Florio, James J. [D-NJ-1], Rep. Foglietta, Thomas M. [D-PA-1], Rep. Ford, Harold E. [D-TN-9], Rep. Ford, William D. [D-MI-13], Rep. Garcia, Robert [D-NY-18], Rep. Hayes, Charles A. [D-IL-1], Rep. Howard, James J. [D-NJ-3], Rep. Jontz, Jim [D-IN-5], Rep. Kildee, Dale E. [D-MI-5], Rep. Kolter, Joseph P. [D-PA-4], Rep. Lowry, Mike [D-WA-7], Rep. Manton, Thomas J. [D-NY-7], Rep. Martinez, Matthew G. [D-CA-31], Rep. McCloskey, Frank [D-IN-8], Rep. Mfume, Kweisi [D-MD-7], Rep. Murphy, Austin J. [D-PA-20], Rep. Oberstar, James L. [D-MN-8], Rep. Owens, Major R. [D-NY-11], Rep. Penny, Timothy J. [D-MN-1], Rep. Perkins, Carl C. [D-KY-7], Rep. Rangel, Charles B. [D-NY-15], Rep. Staggers, Harley O., Jr. [D-WV-2], Rep. Stokes, Louis [D-OH-11], Rep. Towns, Edolphus [D-NY-10], Rep. Traficant, James A., Jr. [D-OH-17], Rep. Udall, Morris K. [D-AZ-2], Rep. Visclosky, Peter J. [D-IN-1], Rep. Williams, Pat [D-MT-At Large], Rep. Wilson, Charles [D-TX-2], Rep. Wise, Robert E., Jr. [D-WV-2], Rep. Wolpe, Howard E. [D-MI-3]

Subjects

Discovery layer

Source updated

23 March 2026

Official sourceView documentsShare

Summary

Employer Reversion Moratorium Act of 1988 - Amends the Employee Retirement Income Security Act of 1974 to prohibit distributions to an employer, before October 1, 1989, of plan assets in connection with any single-employer defined benefit plan termination announced on or after March 9, 1988. Makes plan fiduciaries jointly and severally liable for breach of fiduciary duty unless assets distributed upon plan termination are either distributed to plan participants and beneficiaries or paid into a trust whose terms provide for final disposition in accordance with applicable law in effect on October 1, 1989. Requires the dissolution of such a trust and the distribution of its assets during the month of October 1989.

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

Timeline

  1. 9 March 1988

    Introduced

    Introduced in House

    Source: IntroReferral

  2. 9 March 1988

    Introduced

    Referred to House Committee on Education and Labor.

    Source: IntroReferral

  3. 9 March 1988

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 22 March 1988

    Referred

    Referred to Subcommittee on Labor-Management Relations.

    Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

Leesvertaling

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Sponsors

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Sources

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