A bill to amend the Employee Retirement Income Security Act of 1974 to allow interests in publicly traded partnerships to be treated as qualifying employer securities.

openUnited States· United States Congress· EN

Introduced

19 April 1989

Last action

—

Status

Committee on Labor and Human Resources requested executive comment from the Department of Labor.

Summary

Amends the Employee Retirement Income Security Act of 1974 (ERISA) to include any interest in Master Limited Partnerships within the definition of "qualifying employer security," thereby exempting the interests from limitations with respect to the acquisition and holding of securities by certain employee plans. Applies this treatment retroactively to interests acquired before, on, or after January 1, 1987.

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Versions

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Documents

2 official files

Introduced in Senate (text)
Introduced in Senate · EN
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Introduced in Senate
summary · EN · 19 April 1989
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/101st-congress/senate-bill/868
Open data entity: https://api.congress.gov/v3/bill/101/s/868