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HR 3114 104th Congress House Labor and Employment Administrative procedure Department of Labor Employee benefit plans Excise tax Finance and Financial Sector Government Operations and Politics Insurance companies Law Pension funds Pension trust guaranty insurance Tax penalties Taxation Trusts and trustees

ERISA Clarification Act of 1995

Introduced: March 19, 1996 See on congress.gov
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 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 10, 1996
Referred to the Subcommittee on Employer-Employee Relations.
Mar 20, 1996
Sponsor introductory remarks on measure. (CR E389)
Mar 19, 1996
Referred to the Committee on Economic and Educational Opportunities, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Mar 19, 1996
Introduced in House
 Plain-English summary Congressional Research Service

ERISA Clarification Act of 1995 - Directs the Secretary of Labor to issue guidance on the application of the Employee Retirement Income Security Act of 1974 (ERISA) to insurance company general accounts.

Requires such guidance to: (1) be for purposes of determining, in cases where an insurer issues one or more policies to or for the benefit of an employee benefit plan, which assets of the insurer (other than plan assets held in its separate accounts) constitute assets of the plan for purposes of specified provisions of ERISA and the Internal Revenue Code; and (2) provide that assets not treated as plan assets under certain provisions not be treated as plan assets under other provisions. Authorizes the Secretary to exclude any assets of the insurer with respect to its operations, products, or services from treatment as plan assets.

What's happening now April 10, 1996

Referred to the Subcommittee on Employer-Employee Relations.

 Committees of jurisdiction 3
 Cosponsors 4
All 4 Democratic 3 Republican 1