HR 4748 · 106th Congress · Labor and Employment

Comprehensive ERISA Modernization Act of 2000

Introduced 2000-06-26· Sponsored by Rep. Boehner, John A. [R-OH-8]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the Subcommittee on Employer-Employee Relations.(2000-08-22)

Plain Language Summary

[AI summary unavailable — showing source text] Comprehensive ERISA Modernization Act of 2000 - Amends the Employee Retirement Income Security Act of 1974 (ERISA) and the Internal Revenue Code (IRC) to exempt from prohibited transactions coverage: (1) certain arm's length transactions; and (2) the provision of investment advice by a fiduciary. Redefines party in interest under specified ERISA and related IRC provisions. Sets forth standards for the Secretary of Labor's issuing certain exemptive relief under ERISA. Directs the Secretary to issue regulations relating to definition of plan assets under specified ERISA and related IRC provisions.…

Summarized by Claude AI · Non-partisan · For informational purposes only