Amendment in the nature of a substitute sought to replace the language of the bill with provisions intended to ensure that the Labor Department remains neutral with respect to economically targeted investments (ETIs); specify that the Department of Labor's Interpretive Bulletin 94-1 should be construed as neither advocating nor discouraging economically targeted investments; prohibit the Labor Department from issuing any rule, regulation, or interpretive bulletin which would promote or discourage ETIs as a specified class of investment; and prohibit any employee of the Labor Department from travelling, lecturing, or otherwise expending resources available to the Department for the purpose of promoting or discouraging ETIs.

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Amendment Number
777
Description
Amendment in the nature of a substitute sought to replace the language of the bill with provisions intended to ensure that the Labor Department remains neutral with respect to economically targeted investments (ETIs); specify that the Department of Labor's Interpretive Bulletin 94-1 should be construed as neither advocating nor discouraging economically targeted investments; prohibit the Labor Department from issuing any rule, regulation, or interpretive bulletin which would promote or discourage ETIs as a specified class of investment; and prohibit any employee of the Labor Department from travelling, lecturing, or otherwise expending resources available to the Department for the purpose of promoting or discouraging ETIs.
Purpose
An amendment in the nature of a substitute to replace the language of the bill with provisions intended to ensure that the Labor Department remains neutral with respect to economically targeted investments (ETIs). The amendment would specify that the Department of Labor's Interpretive Bulletin 94-1 should be construed as neither advocating nor discouraging economically targeted investments. The substitute would also prohibit the Labor Department from issuing any rule, regulation, or interpretive bulletin which would promote or discourage ETIs as a specified class of investment. The amendment prohibits any employee of the Labor Department from travelling, lecturing, or otherwise expending resources available to the Department for the purpose of promoting or discouraging ETIs.
Congress
104
Type
HAMDT
Latest Action Date
Sep 12, 1995
Latest Action Text
On agreeing to the Martinez amendment (A007) Failed by voice vote.
Latest Action Time
18:13:37
Submitted Date
Sep 12, 1995
Chamber
House of Representatives
Update Date
Aug 15, 2021
Amendment 777 — Informed