HR 9515
117th Congress
House
Labor and Employment
General Accounts Product Clarifications Act
Introduced: December 13, 2022
Introduced by:
Morelle, Joseph D.
Democratic
· New York
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 13, 2022
Referred to the House Committee on Education and Labor.
Dec 13, 2022
Introduced in House
Plain-English summary
General Accounts Product Clarifications Act
This bill specifies requirements for the application of the Employee Retirement Income Security Act of 1974 (ERISA) to general account policies that receive contributions from employee benefit plans. A general account policy is an insurance policy or contract to the extent that the policy or contract allocates amounts to the insurer's general account, including any surplus in a separate account but excluding any other portion of a separate account.
What's happening now
Referred to the House Committee on Education and Labor.
Committees of jurisdiction
1