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HR 355 115th Congress House Labor and Employment Administrative law and regulatory procedures Congressional oversight Department of Labor Employee benefits and pensions Financial services and investments

Protecting American Families' Retirement Advice Act

Introduced: January 12, 2017 Introduced by: Wilson, Joe Republican · South Carolina See on congress.gov
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 6, 2017
Referred to the Committee on Education and the Workforce, 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.
Jan 6, 2017
Introduced in House
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 Plain-English summary Congressional Research Service

Protecting American Families' Retirement Advice Act

This bill delays for two years the effective date of the Department of Labor rule published on April 8, 2016, relating to the definition of the term "fiduciary" and the conflict of interest rule with respect to retirement investment advice.

(The rule defines who is a fiduciary with respect to pension and retirement plans. Under current law, a person who provides investment advice has a fiduciary obligation that requires the person to provide advice in the sole interest of plan participants and beneficiaries. The rule changes the definition of "investment advice" to treat people who provide investment advice to pension and retirement plans for a fee or other compensation as fiduciaries in a wider array of advice relationships.)

What's happening now January 6, 2017

Referred to the Committee on Education and the Workforce, 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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 26
All 26 Republican 12
R
Budd, Ted
North Carolina · Jun 12, 2017
FRELINGHUYSEN, RODNEY
· May 19, 2017
Abraham, Ralph
· Apr 27, 2017
Bishop, Mike
· Mar 16, 2017
GOODLATTE, ROBERT
· Mar 9, 2017
Marino, Tom
· Mar 1, 2017
THORNBERRY, WILLIAM
· Feb 15, 2017
DeSantis, Ron
· Feb 2, 2017
 R
Gosar, Paul A.
Arizona · Feb 2, 2017
 R
Allen, Rick W.
Georgia · Jan 30, 2017
Black, Diane
· Jan 23, 2017
Gowdy, Trey
· Jan 13, 2017
 R
Griffith, H. Morgan
Virginia · Jan 13, 2017
 R
Grothman, Glenn
Wisconsin · Jan 12, 2017
Jenkins, Evan
· Jan 12, 2017
 R
LaHood, Darin
Illinois · Jan 12, 2017
Poliquin, Bruce
· Jan 12, 2017
 R
Rouzer, David
North Carolina · Jan 12, 2017
 R
Cole, Tom
Oklahoma · Jan 10, 2017
 R
Kelly, Mike
Pennsylvania · Jan 10, 2017
 R
Latta, Robert E.
Ohio · Jan 10, 2017
SMITH, LAMAR
· Jan 10, 2017
Bridenstine, Jim
· Jan 9, 2017
 R
Crawford, Eric A. "Rick"
Arkansas · Jan 9, 2017
Love, Mia
· Jan 9, 2017
 R
Thompson, Glenn
Pennsylvania · Jan 9, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 355: Protecting American Families' Retirement Advice Act. 115th Congress. Open America. https://openamerica.io/bill/115-HR-355/
MLA
"H.R. 355: Protecting American Families' Retirement Advice Act." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-355/.
Bluebook (legal)
H.R. 355, 115th Cong. (2026), https://openamerica.io/bill/115-HR-355/.
Markdown link
[H.R. 355: Protecting American Families' Retirement Advice Act](https://openamerica.io/bill/115-HR-355/)
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