H.R.198: To amend the Employee Retirement Income Security Act of 1974 to require an independent audit of standards prepared by certain financial institutions with respect to assets of employee benefit plans.

About This Bill

  • This bill was introduced in the 103rd Congress
  • This bill is primarily about labor and employment
  • Introduced Jan. 5, 1993
  • Latest Major Action Jan. 28, 1993

Bill Summary

Amends the Employee Retirement Income Security Act of 1974 (ERISA) to eliminate the exemption for banks (or similar institutions) or insurance carriers from the requirement for an independent audit of certain financial statements regarding employee benefit plan assets.

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the House Committee on Education and Labor.
Referred to the Subcommittee on Labor-Management Relations.
Jan. 5, 1993

Introduced in the House by William J. Hughes (D-N.J.)

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