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Savings Are Vital to Everyone's Retirement Act of 1997

Introduced: May 16, 1997 Introduced by: Grassley, Chuck Republican · Iowa See on congress.gov
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 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 16, 1997
Read twice and referred to the Committee on Labor and Human Resources.
May 16, 1997
Sponsor introductory remarks on measure. (CR S4658)
May 16, 1997
Introduced in Senate
 Plain-English summary Congressional Research Service

Savings Are Vital to Everyone's Retirement Act of 1997 - Amends the Employee Retirement Income Security Act of 1974 to direct the Secretary of Labor to maintain an ongoing public outreach program to effectively promote retirement income savings by workers through: (1) public service announcements; (2) public meetings; (3) educational materials; and (4) a permanent site on the Internet. Requires such program to disseminate information including: (1) a description of the common types of retirement income savings arrangements available to both individuals and employers, including small businesses; (2) a means for individuals to calculate their estimated retirement savings needs; and (3) an explanation for employers of how to establish and maintain different retirement savings arrangements for their workers.

Directs the President to convene a National Summit on Retirement Savings no later than June 1, 1998, and again in September 2001 and September 2005. Authorizes appropriations.

What's happening now May 16, 1997

Read twice and referred to the Committee on Labor and Human Resources.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1