HR 1594
104th Congress
House
Labor and Employment
Administrative procedure
Data banks
Debarment of government contractors
Department of Labor
Economics and Public Finance
Employee benefit plans
Federal employees
Federal officials
Finance and Financial Sector
Government Operations and Politics
Government publications
Information services
Investments
Law
Pension funds
Science, Technology, Communications
Trusts and trustees
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: May 9, 1995
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Everywhere this bill has been
30 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
Passed/agreed to in House: 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 Pursuant to the previous unanimous consent agreement, further proceedings were postponed and the point of order was withdrawn.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 → |
Plain-English summary
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.
What's happening now
Received in the Senate and read twice and referred to the Committee on Labor and Human Resources.