H.R. 1508 · 109th Congress
401(k) Automatic Enrollment Act of 2005
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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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EmanuelSponsor14 cosponsors · 14 D
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Becerra
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Cooper
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Harman
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Van Hollen
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Wasserman Schultz
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Davis
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Moore
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Tierney
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Carnahan
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Higgins
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DeLauro
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McCarthy
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Bishop
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Bean5 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
401(k) Automatic Enrollment Act of 2005 - Amends the Internal Revenue Code and the Employee Retirement Income Security Act (ERISA) to permit 401(k) pension plans to include an automatic enrollment arrangement.
What it does: CRS summary · Introduced in House · Apr 6, 2005
401(k) Automatic Enrollment Act of 2005 - Amends the Internal Revenue Code and the Employee Retirement Income Security Act (ERISA) to permit 401(k) pension plans to include an automatic enrollment arrangement.
Preempts State laws that would preclude automatic enrollments or automatic rollovers in tax-exempt pension plans.
Limits the duties and liabilities of fiduciaries with respect to automatic rollovers of 401(k) pension plan assets.
Requires notice applicable to alternative methods of meeting nondiscrimination requirements for matching contributions to 401(k) plans semiannually (currently, annually).
Directs the Secretaries of the Treasury and of Labor to report jointly to Congress on low-cost individual retirement plans.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: 401(k) Automatic Enrollment Act of 2005
Latest action (Jul 20, 2005): Sponsor introductory remarks on measure. (CR H6179-6180)
Policy area: Labor and Employment · Origin: House · Introduced: Apr 6, 2005
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.