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Pension Risk Transfer Accountability Act of 2021

12/29/2022, 10:18 PM

Congressional Summary of S 3746

Pension Risk Transfer Accountability Act of 2021

This bill requires the Department of Labor to (1) review the fiduciary standards that apply to the selection of an annuity provider for certain defined benefit pension plans, and (2) assess any risk to plan participants from such standards.

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Current Status of Bill S 3746

Bill S 3746 is currently in the status of Bill Introduced since March 3, 2022. Bill S 3746 was introduced during Congress 117 and was introduced to the Senate on March 3, 2022.  Bill S 3746's most recent activity was Read twice and referred to the Committee on Health, Education, Labor, and Pensions. as of March 3, 2022

Bipartisan Support of Bill S 3746

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 3746

Primary Policy Focus

Labor and Employment

Alternate Title(s) of Bill S 3746

Pension Risk Transfer Accountability Act of 2021
Pension Risk Transfer Accountability Act of 2021
A bill to require the Secretary of Labor to review certain provisions of the Code of Federal Regulations related to fiduciary standards under the Employee Retirement Income Security Act of 1974, and for other purposes.

Comments

Sponsors and Cosponsors of S 3746

Christopher Murphy
Christopher Murphy
ConnecticutDemocrat

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