[Congressional Bills 107th Congress]
[From the U.S. Government Publishing Office]
[H. Res. 386 Reported in House (RH)]






                                                 House Calendar No. 136
107th CONGRESS
  2d Session
H. RES. 386

                          [Report No. 107-396]

Providing for consideration of the bill (H.R. 3762) to amend title I of 
 the Employee Retirement Income Security Act of 1974 and the Internal 
Revenue Code of 1986 to provide additional protections to participants 
and beneficiaries in individual account plans from excessive investment 
   in employer securities and to promote the provision of retirement 
 investment advice to workers managing their retirement income assets, 
 and to amend the Securities Exchange Act of 1934 to prohibit insider 
  trades during any suspension of the ability of plan participants or 
 beneficiaries to direct investment away from equity securities of the 
                             plan sponsor.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             April 10, 2002

   Mr. Sessions, from the Committee on Rules, reported the following 
resolution; which was referred to the House Calendar and ordered to be 
                                printed

_______________________________________________________________________

                               RESOLUTION


 
Providing for consideration of the bill (H.R. 3762) to amend title I of 
 the Employee Retirement Income Security Act of 1974 and the Internal 
Revenue Code of 1986 to provide additional protections to participants 
and beneficiaries in individual account plans from excessive investment 
   in employer securities and to promote the provision of retirement 
 investment advice to workers managing their retirement income assets, 
 and to amend the Securities Exchange Act of 1934 to prohibit insider 
  trades during any suspension of the ability of plan participants or 
 beneficiaries to direct investment away from equity securities of the 
                             plan sponsor.

    Resolved, That upon the adoption of this resolution it shall be in 
order without intervention of any point of order to consider in the 
House the bill (H.R. 3762) to amend title I of the Employee Retirement 
Income Security Act of 1974 and the Internal Revenue Code of 1986 to 
provide additional protections to participants and beneficiaries in 
individual account plans from excessive investment in employer 
securities and to promote the provision of retirement investment advice 
to workers managing their retirement income assets, and to amend the 
Securities Exchange Act of 1934 to prohibit insider trades during any 
suspension of the ability of plan participants or beneficiaries to 
direct investment away from equity securities of the plan sponsor. The 
bill shall be considered as read for amendment. In lieu of the 
amendment recommended by the Committee on Education and the Workforce 
now printed in the bill, the amendment in the nature of a substitute 
printed in part A of the report of the Committee on Rules accompanying 
this resolution shall be considered as adopted. All points of order 
against the bill, as amended, are waived. The previous question shall 
be considered as ordered on the bill, as amended, and on any further 
amendment thereto to final passage without intervening motion except: 
(1) two hours of debate on the bill, as amended, equally divided among 
and controlled by the chairmen and ranking minority members of the 
Committees on Education and the Workforce and Ways and Means; (2) the 
further amendment printed in part B of the report of the Committee on 
Rules, if offered by Representative George Miller of California or 
Representative Rangel of New York or a designee, which shall be in 
order without intervention of any point of order, shall be considered 
as read, and shall be separately debatable for one hour equally divided 
and controlled by the proponent and an opponent; and (3) one motion to 
recommit with or without instructions.




                                                 House Calendar No. 136

107th CONGRESS

  2d Session

                              H. RES. 386

                          [Report No. 107-396]

_______________________________________________________________________

                               RESOLUTION

Providing for consideration of the bill (H.R. 3762) to amend title I of 
 the Employee Retirement Income Security Act of 1974 and the Internal 
Revenue Code of 1986 to provide additional protections to participants 
and beneficiaries in individual account plans from excessive investment 
   in employer securities and to promote the provision of retirement 
 investment advice to workers managing their retirement income assets, 
 and to amend the Securities Exchange Act of 1934 to prohibit insider 
  trades during any suspension of the ability of plan participants or 
 beneficiaries to direct investment away from equity securities of the 
                             plan sponsor.

_______________________________________________________________________

                             April 10, 2002

        Referred to the House Calendar and ordered to be printed