Skip to main content
S 2424 108th Congress Senate Labor and Employment Administrative procedure Alien labor Aliens Alimony Annuities Assassination Black lung Civil service retirement Coal Collective bargaining Commerce Congress Congressional reporting requirements Corporate divestiture Corporate mergers Corporation taxes Cost of living adjustments Crime and Law Enforcement Defined benefit pension plans

National Employee Savings and Trust Equity Guarantee Act of 2004

Introduced: May 14, 2004 Introduced by: Grassley, Chuck Republican · Iowa See on congress.gov
Sign in to write a letter Sign in to watch
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 14, 2004
Placed on Senate Legislative Calendar under General Orders. Calendar No. 516.
May 14, 2004
Committee on Finance. Original measure reported to Senate by Senator Grassley. With written report No. 108-266. Additional views filed.
May 14, 2004
Introduced in Senate
 Plain-English summary Congressional Research Service

National Employee Savings and Trust Equity Guarantee Act of 2004 - Amends the Internal Revenue Code and the Employee Retirement Income Security Act of 1974 (ERISA) to require a defined contribution plan holding publicly traded securities to provide employees with: (1) the opportunity to divest employer securities; and (2) at least three investment options other than employer securities.

Revises requirements relating to: (1) information to assist pension plan participants; (2) protection of plan participants; (3) pension plan funding; (4) the interest rate of 30-year treasury securities; (5) portability and distribution rules; (6) executives and stock options; (7) women's pension protection, including spousal consent for distributions from defined contribution plans and division of pension benefits upon divorce; (8) railroad retirement; (9) joint and survivor annuity benefits; and (10) compensation and pensions of Tax Court judges.

What's happening now May 14, 2004

Placed on Senate Legislative Calendar under General Orders. Calendar No. 516.

 Committees of jurisdiction 1