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S 1400 104th Congress Senate 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: November 7, 1995 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
Jun 26, 1996
Committee on Labor and Human Resources. Ordered to be reported with an amendment in the nature of a substitute favorably.
Nov 7, 1995
Read twice and referred to the Committee on Labor and Human Resources.
Nov 7, 1995
Sponsor introductory remarks on measure. (CR S16756)
Nov 7, 1995
Introduced in Senate
 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 June 26, 1996

Committee on Labor and Human Resources. Ordered to be reported with an amendment in the nature of a substitute favorably.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1