Contents
Pension Annuitants Protection Act of 1994
Pension Annuitants Protection Act of 1994
Act Details
Pension Annuitants Protection Act of 1994 was, as a bill, a proposal (now, a piece of legislation) introduced on 1993-07-29 in the House of Commons and Senate respectively of the 103 United States Congress by Howard Morton Metzenbaum in relation with: Actions and defenses, Annuities, Damages, Finance and financial sector, Fines (Penalties), Insurance, Interest, Labor and employment, Law, Pension funds, Trusts and trustees.
Pension Annuitants Protection Act of 1994 became law (1) in the United States on 1994-10-22. It was referred to the following Committee(s): (2)
Senate Labor and Human Resources (SSHR)
sub Subcommittee on Labor (sub 03)
House Education and Labor (HSED)
Sponsor
Howard Morton Metzenbaum, Democrat; Democrat, Senator from Ohio
The proposal had the following cosponsors:
Act Overview
- Number: 1312 (3)
- Official Title as Introduced: A bill to amend the Employee Retirement Income Security Act of 1974 in order to provide for the availability of remedies for certain former pension plan participants and beneficiaries (4)
- Short Title: Pension Annuitants Protection Act of 1994
- Date First Introduced: 1993-07-29
- Sponsor Name:
- Assignment Process: See Committe Assignments (5)
- Latest Major Activity/Action: Enacted
- Date Enacted (signed, in general (6), by President): 1994-10-22
- Type: s (7)
- Main Topic: Labor and employment
- Related Bills: (8)
hconres304-103, Reason: related, Type: bill
- Summary of Pension Annuitants Protection Act of 1994: Govtrack. Authored by the Congressional Research Service (CRS) of the Library of Congress.
- Primary Source: Congress Website
Text of the Pension Annuitants Protection Act of 1994
Pension Annuitants Protection Act of 1993 – Amends the Employee Retirement Income Security Act of 1974 (ERISA) to provide that in cases in which a pension plan fiduciary purchases insurance annuities in violation of ERISA a court may award appropriate relief including purchase of a back-up annuity.
Act Notes
- [Note 1] An Act (like Pension Annuitants Protection Act of 1994) or a resolution cannot become a law in the United States until it has been approved (passed) in identical form by both the House of Representatives and the Senate, as well as signed by the President (but see (5)). If the two bodys of the Congress versions of an Act are not identical, one of the bodies might decide to take a further vote to adopt the bill (see more about the Congress process here). An Act may be pass in identical form with or without amendments and with or without conference. (see more about Enrollment).
- [Note 2] Proposals are referred to committees for preliminary consideration, then debated, amended, and passed (or rejected) by the full House or Senate. To prevent endless shuttling of bills between the House and Senate, bills like Pension Annuitants Protection Act of 1994 are referred to joint committees made up of members of both houses.
- [Note 3] For more information regarding this legislative proposal, go to THOMAS, select “Bill Number,” search on (Pension Annuitants Protection Act of 1994)
- [Note 4] A bill to amend the Employee Retirement Income Security Act of 1974 in order to provide for the availability of remedies for certain former pension plan participants and beneficiaries. The current official title of a bill is always present, assigned at introduction (for example, in this case, on 1993-07-29) and can be revised any time. This type of titles are sentences.
- [Note 5] The Act is referred to the appropriate committee by the Speaker of any of the two Houses. Bills are placed on the calendar of the committee to which they have been assigned. See Assignment Process.
- [Note 6] Regarding exceptions to President´s approval, a bill that is not signed (returned unsigned) by the President can still become law if at lest two thirds of each of the two bodys of the Congress votes to pass it, which is an infrequent case. See also Presidential Veto.
- [Note 7] Legislative Proposal types can be: hr, hres, hjres, hconres, s, sres, sjres, sconres. A bill originating in the Senate is designated by the letter “S”, and a bill originating from the House of Representatives begins with “H.R.”, followed, in both cases, by its individual number which it retains throughout all its parliamentary process.
- [Note 8] For information regarding related bill/s to Pension Annuitants Protection Act of 1994, go to THOMAS.
Analysis
No analysis (criticism, advocacy, etc.) about Pension Annuitants Protection Act of 1994 submitted yet.
Actions and defenses
Annuities
Damages
Finance and financial sector
Fines (Penalties)
Insurance
Interest
Labor and employment
Law
Pension funds
Trusts and trustees
Further Reading
- “How our laws are made”, Edward F Willett; Jack Brooks, Washington, U.S. G.P.O.
- “To make all laws : the Congress of the United States, 1789-1989”, James H Hutson- Washington, Library of Congress.
- “Bills introduced and laws enacted: selected legislative statistics, 1947-1990”, Rozanne M Barry; Library of Congress. Congressional Research Service.