S. 1227 (105th): A bill to amend title I of the Employee Retirement Income Security Act of 1974 to clarify treatment of investment managers under such title.

Introduced:
Sep 26, 1997 (105th Congress, 1997–1998)
Sponsor:
Sen. James “Jim” Jeffords [R-VT]
Status:
Signed by the President

The bill’s title was written by the bill’s sponsor. S. stands for Senate bill.

(About Ads | Go Ad-Free for $5)
Status

This bill was enacted after being signed by the President on November 10, 1997.

Progress
Introduced Sep 26, 1997
Passed Senate Sep 26, 1997
Passed House Oct 28, 1997
Signed by the President Nov 10, 1997
Cosponsors
7 cosponsors (4D, 3R) (show)
Summary

No summaries available.

Text

Read Bill Text »

Last updated Jan 01, 1998.
2 pages

Primary Source

View on THOMAS (The Library of Congress)

GovTrack gets most information from THOMAS, which is updated generally one day after events occur. Activity since the last update may not be reflected here.

Citation

Click a format for a citation suggestion:

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

9/26/1997--Introduced.
Amends the Employee Retirement Income Security Act of 1974 (ERISA) to provide that investment managers under ERISA shall include fiduciaries registered solely under State law only if Federal registration is prohibited under the Investment Advisors Act of 1940. Treats a fiduciary as meeting certain ERISA filing requirements if the information is available to the Secretary of Labor from a centralized electronic or other record-keeping database.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.

No summary available.

House Democratic Caucus Summary

The House Democratic Caucus does not provide summaries of bills.

So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.

We’ll be looking for a source of summaries from the other side in the meanwhile.

The bill contains the following citations to other parts of U.S. law:

United States Code

The United States Code is the compilation of permanent laws enacted by Congress. Temporary and other non-permanent laws do not appear in the United States Code. (About half of the United States Code is the law itself, called positive law. The other half is merely a compilation of the laws but has no legal significance.)

  • Title 29: LABOR
  • Chapter 18: EMPLOYEE RETIREMENT INCOME SECURITY PROGRAM
  • Subchapter I: PROTECTION OF EMPLOYEE BENEFIT RIGHTS
  • Subtitle A: General Provisions
  • Section 1002: Definitions