HR 1594 104th Congress House

To place restrictions on the promotion by the Department of Labor and other Federal agencies and instrumentalities of economically targeted investments in connection with employee benefit plans.

Introduced: June 8, 1995 See on congress.gov

Labor and Employment Administrative procedureData banksDebarment of government contractorsDepartment of Labor

More subjectsShow fewer subjects

Economics and Public FinanceEmployee benefit plansFederal employeesFederal officialsFinance and Financial SectorGovernment Operations and PoliticsGovernment publicationsInformation servicesInvestmentsLawPension fundsScience, Technology, CommunicationsTrusts and trustees

Everywhere this bill has been 29 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Sep 14, 1995

Received in the Senate and read twice and referred to the Committee on Labor and Human Resources.

Sep 12, 1995

Motion to reconsider laid on the table Agreed to without objection.

Sep 12, 1995

On passage Passed by recorded vote: 239 - 179 (Roll no. 652).

Sep 12, 1995

The House adopted the amendment in the nature of a substitute as agreed to by the Committee of the Whole House on the state of the Union.

Sep 12, 1995

The previous question was ordered pursuant to the rule.

Sep 12, 1995

The House rose from the Committee of the Whole House on the state of the Union to report H.R. 1594.

Sep 12, 1995

Pursuant to the earlier unanimous consent agreement, the Chair announced that proceedings would now resume on those amendmnts on which further proceedings were postponed, in the order in which they were initially considered.

Sep 12, 1995

At the conclusion of debate, the Chair put the question on the Andrews amendment and announced that, by voice vote, the amendment was not agreed to. Mr. Andrews demanded a recorded vote and made a point of order that a quorum was not present. Pursuant to the previous unanimous consent agreement, further proceedings were postponed and the point of order was withdrawn.

Sep 12, 1995

At the conclusion of debate, the Chair put the question on the Hinchey amendment and announced that, by voice vote, the amendment was not agreed to. Mr. Hinchey demanded a recorded vote and made a point of order that a quorum was not present. Pursuant to the previous unanimous consent agreement, further proceedings were postponed and the point of order was withdrawn.

Sep 12, 1995

GENERAL DEBATE - Pursuant to the provisions of H. Res. 215, the Committee of the Whole proceeded with two hours of general debate.

Sep 12, 1995

The Speaker designated the Honorable Bill Emerson to act as Chairman of the Committee.

Sep 12, 1995

House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 215 and Rule XXIII.

Sep 12, 1995

Mr. Fawell asked unanimous consent that the Chairman of the Committee of the Whole be granted permission to postpone until a time later during consideration of the bill the request for a recorded vote on any amendment. Further, the Chairman of the Committee of the Whole be granted permission to reduce to a period of not less than five minutes the time for a recorded vote, provided that the first in any series of questions shall be not less than 15 minutes. Agreed to without objection.

Sep 12, 1995

Rule provides for consideration of H.R. 1594 with 2 hours of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be read by section. Bill is open to amendments. It shall be in order to consider as an original bill for the purpose of amendment under the five-minute rule the amendment in the nature of a substitute recommended by the Committee on Economic and Educational Opportunites now printed in the bill.

Sep 12, 1995

Considered under the provisions of rule H. Res. 215. (consideration: CR H8740-8776)

Sep 12, 1995

Rule H. Res. 215 passed House.

Sep 7, 1995

Rules Committee Resolution H. Res. 215 Reported to House. Rule provides for consideration of H.R. 1594 with 2 hours of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be read by section. Bill is open to amendments. It shall be in order to consider as an original bill for the purpose of amendment under the five-minute rule the amendment in the nature of a substitute recommended by the Committee on Economic and Educational Opportunites now printed in the bill.

Sep 1, 1995

Placed on the Union Calendar, Calendar No. 129.

Sep 1, 1995

Reported (Amended) by the Committee on Economic and Educational. H. Rept. 104-238.

Aug 4, 1995

Mr. Goodling asked unanimous consent that the Committee on Economic and Educational have until 12:00 p.m. on Sept. 1 to file a report on H.R. 1594. Agreed to without objection.

Jul 20, 1995

Ordered to be Reported (Amended) by the Yeas and Nays: 23 - 15.

Jul 20, 1995

Committee Consideration and Mark-up Session Held.

Jul 13, 1995

Forwarded by Subcommittee to Full Committee (Amended) by the Yeas and Nays: 8 - 5.

Jul 13, 1995

Subcommittee Consideration and Mark-up Session Held.

Jun 15, 1995

Subcommittee Hearings Held.

May 19, 1995

Referred to the Subcommittee on Employer-Employee Relations.

May 9, 1995

Referred to the House Committee on Economic and Educational Opportunities.

May 9, 1995

Sponsor introductory remarks on measure. (CR H4551, E959)

May 9, 1995

Introduced in House

Votes taken on this bill 1

Date	Chamber	What was voted on	Result	Yes–No
Sep 12, 1995	House · vote #652	On Passage	Passed	239–179	See who voted →

Amendments to this bill 8

Amendments propose changes to this bill. Members vote on amendments separately before the final bill vote. An agreed amendment becomes part of the bill; a failed amendment does not.

1 agreed to 5 failed 2 pending / other

Amendment	Sponsor	Purpose	Status	Latest action
HAMDT 778	–	An amendment in the nature of a substitute that would eliminate all provisions of the bill except the provisi…	Failed	Sep 12, 1995
HAMDT 777	–	An amendment in the nature of a substitute to replace the language of the bill with provisions intended to en…	Failed	Sep 12, 1995
HAMDT 776	–	An amendment stating to clarify that nothing in the bill shall be construed as prohibiting investment by an e…	Failed	Sep 12, 1995
HAMDT 775	–	An amendment stating that nothing in this Act is intended to affect the ability of the Department of Labor to…	Agreed to	Sep 12, 1995
HAMDT 774	–	An amendment stating that nothing in this Act shall be construed as prohibiting the Department of Labor from …	Withdrawn	Sep 12, 1995
HAMDT 773	–	An amendment stating that nothing in this Act shall be construed as prohibiting the Department of Labor from …	Withdrawn	Sep 12, 1995
HAMDT 772	–	An amendment stating that nothing in this Act shall be construed as prohibiting the investment by an employee…	Failed	Sep 12, 1995
HAMDT 771	–	An amendment, printed as amendment No. 1 in the Congressional Record of September 8, 1995, to clarify that no…	Failed	Sep 12, 1995

Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

Latest action September 14, 1995

Received in the Senate and read twice and referred to the Committee on Labor and Human Resources.

Plain-English summary Congressional Research Service

Expresses the sense of the Congress that economically targeted investments violate specified provisions of the Employee Retirement Income Security Act of 1974 (ERISA) relating to a fiduciary's responsibility to serve the interests of employee benefit plan participants and beneficiaries exclusively.

Requires that the application of such ERISA provisions to employee benefit plan asset investments be determined without regard to a specified Department of Labor (DOL) interpretive bulletin or any other similar directive regarding economically targeted investments. Prohibits DOL officers or employees from traveling, lecturing, or otherwise expending DOL resources to promote, directly or indirectly, economically targeted investments.

Amends ERISA to prohibit Federal agencies or instrumentalities from establishing or maintaining any clearinghouse or other database relating to economically targeted investments for employee benefit plans.

Directs Federal agencies and instrumentalities to immediately terminate contracts or other arrangements which violate this Act.

Related & companion bills 3

Bill text 4 versions

Engrossed in House Formatted Text PDF
Introduced in House Formatted Text PDF
Referred in Senate Formatted Text PDF
Reported in House Formatted Text PDF

Source documents hosted by congress.gov.

Committees of jurisdiction 3

Education and Workforce Committee
House of Representatives
Health, Employment, Labor, and Pensions Subcommittee
House of Representatives · subcommittee of Education and Workforce Committee
Health, Education, Labor, and Pensions Committee
Senate

Cosponsors 4

Calvert, Ken

California · Jul 31, 1995

Cite this page click to expand

APA

U.S. Congress. (2026). H.R. 1594: To place restrictions on the promotion by the Department of Labor and other Federal agencies and instrumentalities of economically targeted investments in connection with employee benefit plans.. 104th Congress. Open America. https://openamerica.io/bill/104-HR-1594/

MLA

"H.R. 1594: To place restrictions on the promotion by the Department of Labor and other Federal agencies and instrumentalities of economically targeted investments in connection with employee benefit plans.." 104th Congress, 2026, Open America, https://openamerica.io/bill/104-HR-1594/.

Bluebook (legal)

H.R. 1594, 104th Cong. (2026), https://openamerica.io/bill/104-HR-1594/.

Markdown link

[H.R. 1594: To place restrictions on the promotion by the Department of Labor and other Federal agencies and instrumentalities of economically targeted investments in connection with employee benefit plans.](https://openamerica.io/bill/104-HR-1594/)