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    <number>3942</number>
    <updateDate>2025-07-21T19:44:15Z</updateDate>
    <updateDateIncludingText>2025-07-21T19:44:15Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <originChamberCode>H</originChamberCode>
    <type>HR</type>
    <introducedDate>2023-06-09</introducedDate>
    <congress>118</congress>
    <cdata>
      <constitutionalAuthorityStatementText>&lt;pre&gt;[Congressional Record Volume 169, Number 101 (Friday, June 9, 2023)][House]From the Congressional Record Online through the Government Publishing Office [&lt;a href="https://www.gpo.gov"&gt;www.gpo.gov&lt;/a&gt;]By Mr. NORCROSS:H.R. 3942.Congress has the power to enact this legislation pursuantto the following:Necessary and Proper Clause (Art. 1, Sec. 8, Cl 18)The single subject of this legislation is:Retirement Savings[Page H2789]&lt;/pre&gt;</constitutionalAuthorityStatementText>
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        <name>Education and Workforce Committee</name>
        <chamber>House</chamber>
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            <name>Referred To</name>
            <date>2023-06-09T13:05:20Z</date>
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        <actionDate>2023-06-09</actionDate>
        <text>Referred to the House Committee on Education and the Workforce.</text>
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        <text>Introduced in House</text>
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        <actionDate>2023-06-09</actionDate>
        <text>Introduced in House</text>
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    <sponsors>
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        <bioguideId>N000188</bioguideId>
        <fullName>Rep. Norcross, Donald [D-NJ-1]</fullName>
        <firstName>Donald</firstName>
        <lastName>Norcross</lastName>
        <party>D</party>
        <state>NJ</state>
        <district>1</district>
        <isByRequest>N</isByRequest>
      </item>
    </sponsors>
    <cosponsors>
      <item>
        <bioguideId>W000798</bioguideId>
        <fullName>Rep. Walberg, Tim [R-MI-5]</fullName>
        <firstName>Tim</firstName>
        <lastName>Walberg</lastName>
        <party>R</party>
        <state>MI</state>
        <district>5</district>
        <sponsorshipDate>2023-06-09</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
    </cosponsors>
    <policyArea>
      <name>Labor and Employment</name>
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    <subjects>
      <legislativeSubjects/>
      <policyArea>
        <name>Labor and Employment</name>
        <updateDate>2023-09-11T14:30:29Z</updateDate>
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        <actionDate>2023-06-09</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2024-01-19T20:01:36Z</updateDate>
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          <text>&lt;p&gt;&lt;b&gt;Lifetime Income For Employees Act&lt;/b&gt;&lt;br&gt; &lt;br&gt; 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.&lt;/p&gt;</text>
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    </summaries>
    <title>Lifetime Income For Employees Act</title>
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      <item>
        <titleType>Display Title</titleType>
        <titleTypeCode>45</titleTypeCode>
        <title>Lifetime Income For Employees Act</title>
        <updateDate>2024-07-24T15:21:40Z</updateDate>
      </item>
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        <titleType>Short Title(s) as Introduced</titleType>
        <titleTypeCode>101</titleTypeCode>
        <title>Lifetime Income For Employees Act</title>
        <updateDate>2024-05-24T13:38:56Z</updateDate>
        <billTextVersionName>Introduced in House</billTextVersionName>
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      <item>
        <titleType>Official Title as Introduced</titleType>
        <titleTypeCode>6</titleTypeCode>
        <title>To amend the Employee Retirement Income Security Act of 1974 to permit default investment arrangements in annuities, and for other purposes.</title>
        <updateDate>2024-03-18T20:58:23Z</updateDate>
        <billTextVersionName>Introduced in House</billTextVersionName>
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        <type>Introduced in House</type>
        <date>2023-06-09T04:00:00Z</date>
        <formats>
          <item>
            <url>https://www.govinfo.gov/content/pkg/BILLS-118hr3942ih/xml/BILLS-118hr3942ih.xml</url>
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    <latestAction>
      <actionDate>2023-06-09</actionDate>
      <text>Referred to the House Committee on Education and the Workforce.</text>
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    <dc:rights>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.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>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.</dc:description>
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