401(k) Pension Protection Act of 1997

Summary

401(k) Pension Protection Act of 1997 - Amends the Employee Retirement Income Protection Act of 1974 with respect to the exemption of an eligible individual account plan from the limitations on investment of 401(k) pension plans in employer securities and employer real property. Prohibits an employer from requiring that more than ten percent of employee contributions (elective salary deferrals) to the 401(k) plan be invested in such employer securities and real property. Exempts from the ten percent limit any plan that permits participating employees to determine whether to be invested in such employer securities and real property (thus leaving such employees free to assume the risk of undiversified investment in their employer). Provides for protection of employees assuming such risk by the application of the same prohibited transaction rules that apply to traditional defined benefit pension plans.

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

Timeline

1. 25 February 1997

   Introduced

   Referred to the House Committee on Education and the Workforce.

   Source: IntroReferral

2. 25 February 1997

   Introduced

   Sponsor introductory remarks on measure. (CR E314)

   Source: IntroReferral

3. 25 February 1997

   Introduced

   Introduced in House

   Source: IntroReferral

4. 25 February 1997

   Introduced

   Introduced in House

   Source: IntroReferral

5. 7 March 1997

   Referred

   Referred to the Subcommittee on Employer-Employee Relations.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 25 February 1997 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 25 February 1997

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 25 February 1997

  ViewDownloadOpen at official source

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  Vertaal document

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• Introduced in House

  summary · EN · 25 February 1997

  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. Condit, Gary A. [D-CA-18] · D · Sponsor
• Rep. McDermott, Jim [D-WA-7] · D · Sponsor
• Rep. Foglietta, Thomas M. [D-PA-1] · D · Sponsor
• Rep. Kucinich, Dennis J. [D-OH-10] · D · Cosponsor
• Rep. Kilpatrick, Carolyn C. [D-MI-13] · D · Cosponsor
• · hsed00 · Standing

Related records

• related to ← 401(k) Pension Protection Act of 1997