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H.R. 3669 107th Congress House

Employee Retirement Savings Bill of Rights

Official title: To amend the Internal Revenue Code of 1986 to empower employees to control their retirement savings accounts through new diversification rights, new disclosure… Show full official titleShow less

Official title: To amend the Internal Revenue Code of 1986 to empower employees to control their retirement savings accounts through new diversification rights, new disclosure requirements, and new tax incentives for retirement education.

Introduced: February 4, 2002 See on congress.gov
Labor and Employment Administrative procedureAnnuitiesCollective bargaining agreementsCommerce
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This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 8 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 9, 2002
Placed on the Union Calendar, Calendar No. 232.
Apr 9, 2002
Committee on Education and the Workforce discharged.
Mar 20, 2002
House Committee on Education and the Workforce Granted an extension for further consideration ending not later than April 9, 2002.
Mar 20, 2002
Reported (Amended) by the Committee on Ways and Means. H. Rept. 107-382, Part I.
Mar 14, 2002
Committee Consideration and Mark-up Session Held.
Mar 14, 2002
Ordered to be Reported (Amended) by Voice Vote.
Feb 4, 2002
Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, 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.
Feb 4, 2002
Introduced in House
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 Latest action April 9, 2002

Placed on the Union Calendar, Calendar No. 232.

 Plain-English summary Congressional Research Service
Employee Retirement Savings Bill of Rights - Amends the Internal Revenue Code to: (1) impose an excise tax on a pension plan failing to provide notice of generally accepted investment principles, including principles of risk management and diversification; (2) impose an excise tax on a pension plan failing to provide notice of any transaction restriction period to each applicable individual to whom the transaction restriction period applies (and to each employee organization representing such applicable individuals); and (3) set forth diversification requirements for plans, including requiring the provision of at least three investment options, other than employer securities, in amounts equivalent to the amounts invested in employer securities.
 Related & companion bills 2
  • HR 3762 Pension Security Act of 2002
  • HR 3769 Insider Trading Full Disclosure Act of 2002
 Bill text 2 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
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APA
U.S. Congress. (2026). H.R. 3669: Employee Retirement Savings Bill of Rights. 107th Congress. Open America. https://openamerica.io/bill/107-HR-3669/
MLA
"H.R. 3669: Employee Retirement Savings Bill of Rights." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-3669/.
Bluebook (legal)
H.R. 3669, 107th Cong. (2026), https://openamerica.io/bill/107-HR-3669/.
Markdown link
[H.R. 3669: Employee Retirement Savings Bill of Rights](https://openamerica.io/bill/107-HR-3669/)
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