3.0.0 3045 2023-01-11T13:22:20Z 2023-01-11T13:22:20Z House H HR 2011-09-23 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. CANSECO:H.R. 3045.Congress has the power to enact this legislation pursuantto the following:This bill is enacted pursuant to the power granted toCongress under Article I, Section 8, Clause 3 of the UnitedStates Constitution.[Page H6456]]]> hsed00 Education and the Workforce Committee House Standing hsed02 Health, Employment, Labor, and Pensions Subcommittee Referred to 2011-11-18T17:20:50Z Referred to 2011-09-23T13:02:35Z hsba00 Financial Services Committee House Standing hsba16 Capital Markets Subcommittee Reported by 2011-11-15T14:42:05Z Markup by 2011-11-15T14:41:33Z Referred to 2011-10-21T21:33:03Z Hearings by 2011-10-14T21:34:17Z Referred to 2011-09-23T13:02:40Z hsag00 Agriculture Committee House Standing hsag16 General Farm Commodities, Risk Management, and Credit Subcommittee Referred to 2011-10-04T18:13:27Z Referred to 2011-09-23T13:02:30Z 2011-11-18 hsed02 Health, Employment, Labor, and Pensions Subcommittee 1 House committee actions Referred to the Subcommittee on Health, Employment, Labor, and Pensions. Committee 2011-11-15 hsba16 Capital Markets Subcommittee 1 House committee actions Forwarded by Subcommittee to Full Committee by the Yeas and Nays: 19 - 14 . Committee 2011-11-15 hsba16 Capital Markets Subcommittee 1 House committee actions Subcommittee Consideration and Mark-up Session Held. Committee 2011-10-21 hsba16 Capital Markets Subcommittee 1 House committee actions Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises. Committee 2011-10-14 hsba16 Capital Markets Subcommittee 1 House committee actions Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral. Committee 2011-10-04 hsag16 General Farm Commodities, Risk Management, and Credit Subcommittee 1 House committee actions Referred to the Subcommittee on General Farm Commodities and Risk Management. Committee 2011-09-23 Referred to the Committee on Agriculture, and in addition to the Committees on Education and the Workforce, and 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. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2011-09-23 Referred to the Committee on Agriculture, and in addition to the Committees on Education and the Workforce, and 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. IntroReferral H11100 2 House floor actions hsed00 Education and the Workforce Committee 2011-09-23 Referred to the Committee on Agriculture, and in addition to the Committees on Education and the Workforce, and 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. IntroReferral H11100 2 House floor actions hsag00 Agriculture Committee 2011-09-23 Introduced in House IntroReferral Intro-H 9 Library of Congress 2011-09-23 Introduced in House IntroReferral 1000 9 Library of Congress C001082 Rep. Canseco, Francisco "Quico" [R-TX-23] Francisco Canseco R TX Quico 23 N G000548 Rep. Garrett, Scott [R-NJ-5] Scott Garrett R NJ 5 2011-09-23 True Finance and Financial Sector Commodities markets Employee benefits and pensions Financial services and investments Securities Finance and Financial Sector 00 2011-09-23 Introduced in House 2012-02-08T16:35:43Z Retirement Income Protection Act of 2011 - Amends the Employee Retirement Income Security Act of 1974 (ERISA) to declare that no person shall be considered a fiduciary to an employee benefit plan (special entity) by reason of that person's performing any service, act, or duty as a swap dealer, major swap participant, security-based swap dealer, or major security-based swap participant with respect to such entity.

Amends the Commodity Exchange Act (CEA) and the Securities Exchange Act of 1934 to redefine "special entity" to exclude from its meaning as well as from certain business conduct standards: (1) employee benefit plans, and (2) any collective investment vehicle in which one or more special entities invest.

Declares that no swap dealer shall be treated as an advisor to a Special Entity (and thus subject to specified duties and restrictions related to fraudulent, deceptive, or manipulative behavior) if: (1) the Special Entity represents in writing that it will not rely on recommendations of the swap dealer, but will rely on advice from an independent representative; and (2) the swap dealer discloses to the Special Entity that it is not undertaking to act in the Special Entity 's best interests. Declares further that no swap dealer shall be considered to act as an advisor to a Special Entity solely by reason of providing information to an independent representative of a Special Entity.

Prescribes criteria for considering a representative of a Special Entity to be independent of a swap dealer.

]]> Retirement Income Protection Act of 2011 Display Title Retirement Income Protection Act of 2011 Official Title as Introduced To amend the Employee Retirement Income Security Act of 1974, the Commodity Exchange Act, and the Securities Exchange Act of 1934 to ensure that pension plans can use swaps to hedge risks, and for other purposes. Introduced in House IH Short Titles as Introduced Retirement Income Protection Act of 2011 Introduced in House 2011-09-23T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr3045ih/xml/BILLS-112hr3045ih.xml 2011-11-18 Referred to the Subcommittee on Health, Employment, Labor, and Pensions. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.