HR 9515 · 117th Congress · Labor and Employment

General Accounts Product Clarifications Act

Introduced 2022-12-13· Sponsored by Rep. Morelle, Joseph D. [D-NY-25]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Education and Labor.(2022-12-13)

Plain Language Summary

[AI summary unavailable — showing source text] General Accounts Product Clarifications Act This bill specifies requirements for the application of the Employee Retirement Income Security Act of 1974 (ERISA) to general account policies that receive contributions from employee benefit plans. A general account policy is an insurance policy or contract to the extent that the policy or contract allocates amounts to the insurer's general account, including any surplus in a separate account but excluding any other portion of a separate account.…

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