H.R. 355 · 115th Congress
Protecting American Families' Retirement Advice Act
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Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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WilsonSponsor40 cosponsors · 40 R
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Bridenstine
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Crawford
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Love
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Meadows
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Thompson
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Cole
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Gohmert
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Kelly
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Latta
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Long
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Smith
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Flores
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Hultgren
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Jenkins
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Poliquin
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Rouzer
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Duncan
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Gowdy
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Walorski
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Black
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Allen
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DeSantis
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Yoho
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Thornberry
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King
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Marino
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Goodlatte
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Bishop
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Ferguson
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Marchant
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Abraham
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Budd0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill delays for two years the effective date of the Department of Labor rule published on April 8, 2016, relating to the definition of the term "fiduciary" and the conflict of interest rule with respect to retirement investment advice.
What it does: CRS summary · Introduced in House · Jan 6, 2017
Protecting American Families' Retirement Advice Act
This bill delays for two years the effective date of the Department of Labor rule published on April 8, 2016, relating to the definition of the term "fiduciary" and the conflict of interest rule with respect to retirement investment advice.
(The rule defines who is a fiduciary with respect to pension and retirement plans. Under current law, a person who provides investment advice has a fiduciary obligation that requires the person to provide advice in the sole interest of plan participants and beneficiaries. The rule changes the definition of "investment advice" to treat people who provide investment advice to pension and retirement plans for a fee or other compensation as fiduciaries in a wider array of advice relationships.)
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Protecting American Families' Retirement Advice Act
Latest action (Jan 6, 2017): Referred to the Committee on Education and the Workforce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Policy area: Labor and Employment · Origin: House · Introduced: Jan 6, 2017
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.