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- H.R.1594
H.R.1594: To place restrictions on the promotion by the Department of Labor and other Federal agencies and instrumentalities of economically targeted investments in connection with employee benefit plans.
About This Bill
- This bill was introduced in the 104th Congress
- This bill is primarily about law
- Introduced May 9, 1995
- Latest Major Action Sept. 14, 1995
Bill Sponsor
Bill Cosponsors
105 (All Republicans)
Bill Summary
Expresses the sense of the Congress that it is inappropriate for the Department of Labor (DOL), as the principal enforcer of fiduciary standards in connection with employee pension benefit plans and employee welfare plans, as defined under the Employee Retirement Income Security Act of 1974 (ERISA), to take any action to promote or otherwise encourage economically targeted investments. Requires that ERISA provisions be interpreted and enforced...
(Source: Library of Congress)
Bill Actions
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Sponsor introductory remarks on measure.
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Referred to the House Committee on Economic and Educational Opportunities.
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Referred to the Subcommittee on Employer-Employee Relations.
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Subcommittee Hearings Held.
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Subcommittee Consideration and Mark-up Session Held.
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Forwarded by Subcommittee to Full Committee (Amended) by the Yeas and Nays: 8 - 5.
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Committee Consideration and Mark-up Session Held.
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Ordered to be Reported (Amended) by the Yeas and Nays: 23 - 15.
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Mr. Goodling asked unanimous consent that the Committee on Economic and Educational have until 12:00 p.m. on Sept. 1 to file a report on H.R. 1594. Agreed to without objection.
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Reported (Amended) by the Committee on Economic and Educational. H. Rept. 104-238.
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Placed on the Union Calendar, Calendar No. 129.
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Rules Committee Resolution H. Res. 215 Reported to House. Rule provides for consideration of H.R. 1594 with 2 hours of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be read by section. Bill is open to amendments. It shall be in order to consider as an original bill for the purpose of amendment under the five-minute rule the amendment in the nature of a substitute recommended by the Committee on Economic and Educational Opportunites now printed in the bill.
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Rule H. Res. 215 passed House.
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Considered under the provisions of rule H. Res. 215.
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Rule provides for consideration of H.R. 1594 with 2 hours of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be read by section. Bill is open to amendments. It shall be in order to consider as an original bill for the purpose of amendment under the five-minute rule the amendment in the nature of a substitute recommended by the Committee on Economic and Educational Opportunites now printed in the bill.
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Mr. Fawell asked unanimous consent that the Chairman of the Committee of the Whole be granted permission to postpone until a time later during consideration of the bill the request for a recorded vote on any amendment. Further, the Chairman of the Committee of the Whole be granted permission to reduce to a period of not less than five minutes the time for a recorded vote, provided that the first in any series of questions shall be not less than 15 minutes. Agreed to without objection.
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House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 215 and Rule XXIII.
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The Speaker designated the Honorable Bill Emerson to act as Chairman of the Committee.
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GENERAL DEBATE - Pursuant to the provisions of H. Res. 215, the Committee of the Whole proceeded with two hours of general debate.
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At the conclusion of debate, the Chair put the question on the Hinchey amendment and announced that, by voice vote, the amendment was not agreed to. Mr. Hinchey demanded a recorded vote and made a point of order that a quorum was not present. Pursuant to the previous unanimous consent agreement, further proceedings were postponed and the point of order was withdrawn.
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At the conclusion of debate, the Chair put the question on the Andrews amendment and announced that, by voice vote, the amendment was not agreed to. Mr. Andrews demanded a recorded vote and made a point of order that a quorum was not present. Pursuant to the previous unanimous consent agreement, further proceedings were postponed and the point of order was withdrawn.
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Pursuant to the earlier unanimous consent agreement, the Chair announced that proceedings would now resume on those amendmnts on which further proceedings were postponed, in the order in which they were initially considered.
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The House rose from the Committee of the Whole House on the state of the Union to report H.R. 1594.
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The previous question was ordered pursuant to the rule.
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The House adopted the amendment in the nature of a substitute as agreed to by the Committee of the Whole House on the state of the Union.
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On passage Passed by recorded vote: 239 - 179 (Roll no. 652).
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Motion to reconsider laid on the table Agreed to without objection.
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Received in the Senate and read twice and referred to the Committee on Labor and Human Resources.
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| May 9, 1995 |
Introduced in the House by H. James Saxton (R-N.J.) |