US Congress House Bill 2523 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 10-0)
Status: Introduced on May 18 2017 - 25% progression, died in committee
Action: 2017-05-18 - Referred to the House Committee on Education and the Workforce.
Pending: House Education And The Workforce Committee
Text: Latest bill text (Introduced) [PDF]

PROSPERS Act Preserve Rights Of States and Political subdivisions to Encourage Retirement Savings Act This bill amends the Employee Retirement Income Security Act of 1974 (ERISA) to specify that states and certain political subdivisions may establish and administer voluntary payroll deduction retirement savings programs for private sector employees that are not considered employee pension benefit plans or pension plans covered by ERISA if the plans meet certain requirements. The bill requires the plans to be established, implemented, and administered by states or political subdivisions. The plans must also be voluntary for employees and meet other specified requirements, including restrictions on the involvement of employers and obligations to enforce the rights of employees.

PROSPERS Act Preserve Rights Of States and Political subdivisions to Encourage Retirement Savings Act

Rep. Suzanne Bonamici [D-OR]	Rep. Joseph Crowley [D-NY]	Rep. Mark Takano [D-CA]	Rep. Joe Courtney [D-CT]
Rep. Barbara Lee [D-CA]	Rep. Robert Scott [D-VA]	Rep. Joseph Kennedy [D-MA]	Rep. Nanette Barragan [D-CA]
Rep. Janice Schakowsky [D-IL]	Rep. Jimmy Panetta [D-CA]

Date	Chamber	Action
2017-05-18	House	Referred to the House Committee on Education and the Workforce.
2017-05-18	House	Introduced in House

SB1035 (Same As) 2017-05-03 - Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/house-bill/2523/all-info
Text	https://www.congress.gov/115/bills/hr2523/BILLS-115hr2523ih.pdf