HB10703: Protecting Workers’ Benefits Act
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
To amend the Employee Retirement Income Security Act of 1974 to strengthen accountability and protect plan assets.
Plain-language summary
This bill would amend the Employee Retirement Income Security Act of 1974, a federal law that governs pension and retirement benefit plans. The changes aim to strengthen accountability and protect money in these plans from misuse or loss. The bill was introduced by Representative Robert Scott and is currently in the early legislative stage. Specifically, it would add new rules for companies and plan managers handling retirement savings.
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HB10703: Protecting Workers’ Benefits Act