3.0.0 1035 2023-01-11T13:36:30Z 2023-01-11T13:36:30Z Senate S 2017-05-03 115 sshr00 Health, Education, Labor, and Pensions Committee Senate Standing Referred to 2017-05-03T22:41:59Z PROSPERS Act 115 2523 HR 2017-05-18 Referred to the House Committee on Education and the Workforce. Identical bill CRS 2017-05-03 sshr00 Health, Education, Labor, and Pensions Committee Senate Read twice and referred to the Committee on Health, Education, Labor, and Pensions. IntroReferral 2017-05-03 Introduced in Senate IntroReferral 10000 9 Library of Congress H001046 Sen. Heinrich, Martin [D-NM] Martin Heinrich D NM T. N M001169 Sen. Murphy, Christopher [D-CT] Christopher Murphy D CT S. 2017-05-03 True M001111 Sen. Murray, Patty [D-WA] Patty Murray D WA 2017-05-03 True W000779 Sen. Wyden, Ron [D-OR] Ron Wyden D OR 2017-05-03 True D000563 Sen. Durbin, Richard J. [D-IL] Richard Durbin D IL J. 2017-05-03 True V000128 Sen. Van Hollen, Chris [D-MD] Chris Van Hollen D MD 2017-05-03 True H001076 Sen. Hassan, Margaret Wood [D-NH] Maggie Hassan D NH 2017-05-03 True C000174 Sen. Carper, Thomas R. [D-DE] Thomas Carper D DE R. 2017-05-03 True F000062 Sen. Feinstein, Dianne [D-CA] Dianne Feinstein D CA 2017-05-03 True B001277 Sen. Blumenthal, Richard [D-CT] Richard Blumenthal D CT 2017-05-03 True S001181 Sen. Shaheen, Jeanne [D-NH] Jeanne Shaheen D NH 2017-05-03 True H001075 Sen. Harris, Kamala D. [D-CA] Kamala Harris D CA D. 2017-05-03 True B001267 Sen. Bennet, Michael F. [D-CO] Michael Bennet D CO 2017-05-03 True W000802 Sen. Whitehouse, Sheldon [D-RI] Sheldon Whitehouse D RI 2017-05-03 True M001176 Sen. Merkley, Jeff [D-OR] Jeff Merkley D OR 2017-05-03 True D000622 Sen. Duckworth, Tammy [D-IL] Tammy Duckworth D IL 2017-05-03 True B001288 Sen. Booker, Cory A. [D-NJ] Cory Booker D NJ 2017-05-03 True C000141 Sen. Cardin, Benjamin L. [D-MD] Ben Cardin D MD 2017-05-03 True W000817 Sen. Warren, Elizabeth [D-MA] Elizabeth Warren D MA A. 2017-05-04 False B001230 Sen. Baldwin, Tammy [D-WI] Tammy Baldwin D WI 2017-05-08 False K000384 Sen. Kaine, Tim [D-VA] Timothy Kaine D VA M. 2017-05-25 False Labor and Employment Employee benefits and pensions Financial services and investments State and local government operations Labor and Employment 00 2017-05-03 Introduced in Senate 2017-09-19T14:22:09Z Preserve Rights Of States and Political subdivisions to Encourage Retirement Savings Act or the PROSPERS Act

This bill amends the Employee Retirement Income Security Act of 1974 (ERISA) to specify that states and certain political subdivisions may establish and administer voluntary payroll deduction retirement savings programs for private sector employees that are not considered employee pension benefit plans or pension plans covered by ERISA if the plans meet certain requirements.

The bill requires the plans to be established, implemented, and administered by states or political subdivisions. The plans must also be voluntary for employees and meet other specified requirements, including restrictions on the involvement of employers and obligations to enforce the rights of employees.

]]> PROSPERS Act Display Title PROSPERS Act Official Title as Introduced A bill to amend the Employee Retirement Income Security Act of 1974 with respect to the scope of employee pension benefit plans. Introduced in Senate IS Short Titles as Introduced PROSPERS Act Short Titles as Introduced Preserve Rights Of States and Political subdivisions to Encourage Retirement Savings Act Introduced in Senate 2017-05-03T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-115s1035is/xml/BILLS-115s1035is.xml 2017-05-03 Read twice and referred to the Committee on Health, Education, 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.