ERISA Improvements Act

[AI summary unavailable — showing source text] ERISA Improvements Act - Directs the Secretary of the Treasury and the Secretary of Labor to submit to Congress within 90 days of the passage of this Act any changes in the Internal Revenue Code and the Employee Retirement Income Security Act of 1974 (ERISA) which are necessitated by the provisions of this Act. Title I: Consolidation of Federal Agency Responsibilities for Employee Benefit Plans - Creates two new positions, one within the Department of the Treasury and the other within the Department of Labor, entitled special liaison officer to the Employee Benefits Commission. Establishes the Employee Benefits Commission within the Executive branch to formulate policy with regard to Federal laws affecting employee benefit plans, to administer and enforce titles I and IV of (ERISA), and to administer and seek compliance with specified provisions of the Internal Revenue Code relating to qualification of employee benefit plans. Grants to the Commission specified powers to enable it to carry out its assigned duties, including the power toinitiate court actions to enforce titles I and IV of ERISA and to certify to the Secretary of the Treasury that an employee benefit plan does or does…