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- S.1227
S.1227: A bill to amend title I of the Employee Retirement Income Security Act of 1974 to clarify treatment of investment managers under such title.
About This Bill
- This bill was introduced in the 105th Congress
- This bill is primarily about law
- Introduced Sept. 26, 1997
- Latest Major Action Nov. 10, 1997
Bill Sponsor
Bill Cosponsors
7 (4 Democrats, 4 Republicans)
Bill Summary
Amends the Employee Retirement Income Security Act of 1974 (ERISA) to provide that investment managers under ERISA shall include fiduciaries registered solely under State law only if Federal registration is prohibited under the Investment Advisors Act of 1940. Treats a fiduciary as meeting certain ERISA filing requirements if the information is available to the Secretary of Labor from a centralized electronic or other record-keeping database.
(Source: Library of Congress)
Bill Actions
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Introduced in the Senate, read twice, considered, read the third time, and passed without amendment by Unanimous Consent.
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Received in the House.
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Message on Senate action sent to the House.
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Held at the desk.
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Mr. Fawell moved to suspend the rules and pass the bill.
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Considered under suspension of the rules.
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DEBATE - The House proceeded with forty minutes of debate.
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On motion to suspend the rules and pass the bill Agreed to by voice vote.
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Motion to reconsider laid on the table Agreed to without objection.
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Cleared for White House.
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Presented to President.
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Signed by President.
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Became Public Law No: 105-72.
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| Sept. 26, 1997 |
Introduced in the Senate by James M. Jeffords (I-Vt.) |