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HR 7026 115th Congress House Labor and Employment Civil actions and liability Consumer affairs Crime victims Crimes against women Domestic violence and child abuse Employee benefits and pensions Family relationships Financial literacy Financial services and investments Government information and archives Separation, divorce, custody, support Temporary and part-time employment Women's employment

Women's Pension Protection Act of 2018

Introduced: October 2, 2018 Introduced by: Schakowsky, Janice D. Democratic · Illinois See on congress.gov
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 2, 2018
Referred to the Committee on Education and the Workforce, and in addition to the Committee on Financial Services, 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.
Oct 2, 2018
Introduced in House
 Plain-English summary Congressional Research Service

Women's Pension Protection Act of 2018

This bill amends the Employee Retirement Income Security Act of 1974 (ERISA) to: (1) extend spousal consent requirements that currently apply to defined benefit pension plans to defined contribution pension plans, and (2) allow certain long-term part-time workers to participate in pension plans that include either a qualified cash or deferred arrangement or a salary reduction agreement.

Financial product or service providers who sell retirement financial products or services must provide purchasers of their products or services an easily accessible link to the website of the Consumer Financial Protection Bureau to obtain information relating to retirement planning or later life economic security.

The Women's Bureau of the Department of Labor shall award grants to certain community-based organizations to: (1) improve the financial literacy of women who are working age or in retirement, and (2) assist low-income women and victims of domestic violence in obtaining qualified domestic relations orders and the benefits they are entitled to through the orders.

What's happening now October 2, 2018

Referred to the Committee on Education and the Workforce, and in addition to the Committee on Financial Services, 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.

 Committees of jurisdiction 2