Amendment104th Congress
Amendment in the nature of a substitute sought to express the sense of Congress that the Labor Department should apply the same fiduciary standards to economically targeted investments as are applicable to pension plan investments generally under ERISA and eliminate the ETI clearinghouse.
- Amendment Number
- 778
- Description
- Amendment in the nature of a substitute sought to express the sense of Congress that the Labor Department should apply the same fiduciary standards to economically targeted investments as are applicable to pension plan investments generally under ERISA and eliminate the ETI clearinghouse.
- Purpose
- An amendment in the nature of a substitute that would eliminate all provisions of the bill except the provisions which eliminate the economically targeted investment (ETI) clearinghouse. The substitute would express that it is the sense of the Congress that the Labor Department should apply the same fiduciary standards to ETIs as are applicable to pension plan investments generally under the Employee Retirement Income Security Act. The amendment would also void the Labor Department's interpretive bulletin 94-1 to the extent that it is construed as authorizing investments which are in violation of ERISA.
- Congress
- 104
- Type
- HAMDT
- Latest Action Date
- Sep 12, 1995
- Latest Action Text
- On agreeing to the Andrews amendment (A008) Failed by recorded vote: 178 - 232 (Roll no. 651).
- Latest Action Time
- 19:04:03
- Submitted Date
- Sep 12, 1995
- Chamber
- House of Representatives
- Update Date
- Aug 15, 2021