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H.R. 3942 118th Congress House

Lifetime Income For Employees Act

Official title: To amend the Employee Retirement Income Security Act of 1974 to permit default investment arrangements in annuities, and for other purposes.

Introduced: June 9, 2023 Introduced by: Donald Norcross Democratic · New Jersey See on congress.gov
Labor and Employment
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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
Jun 9, 2023
Referred to the House Committee on Education and the Workforce.
Jun 9, 2023
Introduced in House
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 Latest action June 9, 2023

Referred to the House Committee on Education and the Workforce.

 Plain-English summary Congressional Research Service

Lifetime Income For Employees Act

This bill allows fiduciaries of pension plans to make default investment arrangements in annuity contracts upon providing certain notice to plan participants or beneficiaries and complying with certain prohibitions on liquidity restrictions.

 Related & companion bills 1
  • HR 6746 Reintroduction of Lifetime Income For Employees Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Lobbying activity 30

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

Bodies those filers lobbied

A filing lists the bills it worked on and the parts of government it contacted in separate sections, so these are the bodies those filers named anywhere in the filing, not a per-bill breakdown.

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 Cosponsors 1
All 1 Republican 1
R
Walberg, Tim
Michigan · Jun 9, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3942: Lifetime Income For Employees Act. 118th Congress. Open America. https://openamerica.io/bill/118-HR-3942/
MLA
"H.R. 3942: Lifetime Income For Employees Act." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-3942/.
Bluebook (legal)
H.R. 3942, 118th Cong. (2026), https://openamerica.io/bill/118-HR-3942/.
Markdown link
[H.R. 3942: Lifetime Income For Employees Act](https://openamerica.io/bill/118-HR-3942/)
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