H.Con.Res. 54 · 109th Congress
Expressing the sense of the Congress that comprehensive fiduciary standards should be included in any…
Full title
Expressing the sense of the Congress that comprehensive fiduciary standards should be included in any legislation providing for individual accounts as part of, or supplemental to, Social Security.
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Never voted on. It didn't reach a floor vote before the 109th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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ClaySponsorNo cosponsors.
Expresses the sense of the Congress that any legislation establishing individual accounts as part of, or supplemental to, Social Security which is favorably considered by the Congress should: (1) specify fiduciary responsibilities for the account managers and other fiduciaries in connection with such accounts; and (2) provide for liability and penalties for…
What it does: CRS summary · Introduced in House · Feb 10, 2005
Expresses the sense of the Congress that any legislation establishing individual accounts as part of, or supplemental to, Social Security which is favorably considered by the Congress should: (1) specify fiduciary responsibilities for the account managers and other fiduciaries in connection with such accounts; and (2) provide for liability and penalties for failure to meet such responsibilities.
Expresses the sense of the Congress that any legislation specifying such fiscal responsibilities, and providing for such liability and penalties, should be at least as comprehensive in relation to such individual accounts as are requirements of certain Federal civil service law in relation to accounts maintained for Members of Congress and Federal employees under the Thrift Savings Plan.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Expressing the sense of the Congress that comprehensive fiduciary standards should be included in any legislation providing for individual accounts as part of, or supplemental to, Social Security.
Latest action (Feb 25, 2005): Referred to the Subcommittee on Social Security.
Policy area: Social Welfare · Origin: House · Introduced: Feb 10, 2005
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.