EMPLOYEE RETIREMENT INCOME SECURITY ACT (ERISA)

Amendments

SEC: protect retail customers from differing standards of conduct for brokers and investment advisers and confusion from rule changes (H.R. 2374), H6866 [29OC]

——— protect retail customers from differing standards of conduct for brokers and investment advisers and confusion from rule changes (H.R. 2374), consideration (H. Res. 391), H6848 [29OC]

Bills and resolutions

Dept. of HHS: exempt employers from taxes, penalties, or suits for failure to offer insurance coverage for certain women’s preventive services on the basis of religious belief or moral conviction (see H.R. 973), H982 [5MR]

Diseases: require group and individual health insurance coverage and group health plans to cover oral cancer drugs on terms no less favorable than for cancer medications administered by a health care provider (see S. 1879), S9052 [19DE] (see H.R. 1801), H2392 [26AP]

Employment: extend protections to part-time workers in the areas of employer-provided health insurance, family and medical leave, and pension plans (see H.R. 675), H501 [13FE]

House of Representatives: call for civil action in U.S. District Court for the District of Columbia for declaratory or injunctive relief to challenge certain executive branch actions (see H. Res. 442), H8109 [12DE]

Income: require a lifetime income disclosure (see S. 1145), S4405 [12JN] (see H.R. 2171), H2954 [23MY]

Insurance: ensure health care coverage value and transparency for dental benefits under group health plans (see H.R. 1798), H2392 [26AP]

——— exclude from the definition of health insurance coverage certain medical stop-loss insurance obtained by certain plan sponsors of group health plans (see S. 1735), S8186 [19NO] (see H.R. 3462), H7050 [13NO]

——— provide parity under group health plans and insurance coverage in the provision of benefits for prosthetics and custom orthotics and benefits for other medical and surgical services (see H.R. 3020), H5397 [2AU]

——— provide protection for company-provided retiree health benefits (see H.R. 2425), H3759 [18JN]

Investments: modify definition of fiduciary to exclude appraisers of employee stock ownership plans (see S. 273), S589 [11FE] (see H.R. 2041), H2773 [17MY]

Pension Benefit Guaranty Corp.: ensure maximum pension benefits for certain pilots forced to retire at age 60 by FAA regulations (see H.R. 2697), H4522 [16JY]

——— guarantee qualified preretirement survivor annuities under insolvent or terminated multiemployer pension plans (see H.R. 566), H412 [6FE]

Pensions: provide an election for funding parity for charity-sponsored pensions (see H.R. 2134), H2952 [23MY]

——— reform funding rules for cooperative associations and small charitable employers to ensure their ability to provide pension plans to employees (see S. 1302), S5708 [16JY]

SEC: protect retail customers from differing standards of conduct for brokers and investment advisers and confusion from rule changes (see H.R. 2374), H3652 [14JN]

——— protect retail customers from differing standards of conduct for brokers and investment advisers and confusion from rule changes (H.R. 2374), consideration (see H. Res. 391), H6827 [28OC]

Taxation: reform public and private pension plans and preserve access to professional investment advice (see S. 1270), S5567 [9JY]

Letters

Dept. of Labor proposal to modify definition of fiduciary under ERISA: several Congressional Black Caucus and Committee on Financial Services (House) members, S5570 [9JY]

——— several Representatives, S5571 [9JY]

Financial deregulation legislation: Barbara Roper, Consumer Federation of America, H7483 [4DE]

——— Mary Jo White, SEC, H7484 [4DE]

——— William Samuel, AFL–CIO, H7482 [4DE]

Retail Investor Protection Act: Brian H. Graff, National Association of Plan-Advisors, H6859 [29OC]

——— Charles Symington, Independent Insurance Agents & Brokers of America, Inc., H6860 [29OC]

——— David J. Stertzer, Association for Advanced Life Underwriting, H6859 [29OC]

——— R. Bruce Josten, U.S. Chamber of Commerce, H6858 [29OC]

——— several Senators, H6860 [29OC]

Secure Annuities for Employees (SAFE) Retirement Act: Brian H. Graff, American Society of Pension Professionals & Actuaries, S5572 [9JY]

——— Catherine J. Weatherford, Insured Retirement Institute, S5663 [11JY]

——— Gregory J. Burrows, Principal Life Insurance Co., S5750 [17JY]

——— Grover G. Norquist, Americans for Tax Reform (organization), S5572 [9JY]

——— James J. Donelon, National Association of Insurance Commissioners, S5751 [17JY]

——— Joseph F. McKeever, Davis & Harman LLP, S5662 [11JY]

——— Kim O’Brien, National Association for Fixed Annuities, S5663 [11JY]

——— Kirk D. Johnson, National Rural Electric Cooperative Association, S5750 [17JY]

——— Lynn D. Dudley, American Benefits Council, S5571 [9JY]

——— Malott W. Nyhart, Great American Life Insurance Co., S5662 [11JY]

——— Pamela D. Everhart, Fidelity Investments (business), S5750 [17JY]

——— Paul S. Stevens, Investment Company Institute, S5663 [11JY]

——— Paula Calimafde, Small Business Council of America, S5750 [17JY]

——— Peter G. Gallanis, National Organization of Life and Health Insurance Guaranty Associations, S5751 [17JY]

——— Peter Kunkel, Transamerica Corp., S5751 [17JY]

——— Peter R. Pastre, Metropolitan Life Insurance Co., S5663 [11JY]

——— R. Bruce Josten, U.S. Chamber of Commerce, S5751 [17JY]

——— Robert O. Smith, National Association of Insurance and Financial Advisors, S5664 [11JY]

——— Scott F. Betts, National Benefit Services, LLC, S5750 [17JY]

——— W. Jeffrey Zobell, Alliance Benefit Group-Rocky Mountain (company), S5571 [9JY]

——— Walter C. Welsh, American Council of Life Insurers, S5571 [9JY]

Lists

Groups opposed to H.R. 2374, Retail Investor Protection Act, H6865 [29OC]

Motions

SEC: protect retail customers from differing standards of conduct for brokers and investment advisers and confusion from rule changes (H.R. 2374), H6870 [29OC]

Remarks in House

Dept. of Labor: allow regulations to prevent fraud related to pensions and other retirement savings accounts, promote investment education and advice, and require financial service providers to disclose any fees, H6870 [29OC]

——— issue fiduciary duty rule to protect access to investment education and advice and assure reasonable financial compensation to financial service providers, H6866–H6869 [29OC]

——— proposal to modify definition of fiduciary under ERISA, H6844, H6845, H6857, H6858, H6860, H6861, H6863 [29OC]

Diseases: require group and individual health insurance coverage and group health plans to cover oral cancer drugs on terms no less favorable than for cancer medications administered by a health care provider (H.R. 1801), H2256 [24AP], H7199 [19NO]

Pension Benefit Guaranty Corp.: ensure maximum pension benefits for certain pilots forced to retire at age 60 by FAA regulations (H.R. 2697), E1068 [16JY]

——— guarantee qualified preretirement survivor annuities under insolvent or terminated multiemployer pension plans (H.R. 566), E105 [6FE]

SEC: protect retail customers from differing standards of conduct for brokers and investment advisers and confusion from rule changes (H.R. 2374), H6758 [23OC], H6855–H6872 [29OC], E1602 [30OC]

——— protect retail customers from differing standards of conduct for brokers and investment advisers and confusion from rule changes (H.R. 2374), consideration (H. Res. 391), H6841–H6850 [29OC]

——— protect retail customers from differing standards of conduct for brokers and investment advisers and confusion from rule changes (H.R. 2374), motion to recommit, H6870 [29OC]

Remarks in Senate

Insurance: exclude from the definition of health insurance coverage certain medical stop-loss insurance obtained by certain plan sponsors of group health plans (S. 1735), S8942 [18DE]

Taxation: reform public and private pension plans and preserve access to professional investment advice (S. 1270), S5569, S5572 [9JY], S5750, S5751 [17JY]

Reports filed

Consideration of H.R. 2374, Retail Investor Protection Act: Committee on Rules (House) (H. Res. 391) (H. Rept. 113–253), H6827 [28OC]

Cooperative and Small Employer Charity Pension Flexibility Act: Committee on Health, Education, Labor, and Pensions (Senate) (S. 1302), S7673 [30OC]

Retail Investor Protection Act: Committee on Financial Services (House) (H.R. 2374) (H. Rept. 113–228), H5832 [25SE], H6051 [30SE]

Statements

Retail Investor Protection Act: Executive Office of the President, H6860, H6865 [29OC]

Texts of

H. Res. 391, consideration of H.R. 992, Swaps Regulatory Improvement Act, H.R.2374, Retail Investor Protection Act, and H.J. Res. 99, disapprove President’s exercise of authority to suspend the debt ceiling, H6841 [29OC]

H.R. 2374, Retail Investor Protection Act, H6855 [29OC]