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H.R. 2367: Lifetime Income Disclosure Act

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About the bill

Would seeing your estimated monthly retirement benefits cause you to make better financial decisions, such as how long to keep working?

Context and what the bill does

Since 1989, the federal government has required Social Security annual statements to beneficiaries, which include an estimate of the recipient’s monthly earnings under the program. There is no equivalent requirement for private sector retirement programs, such as for 401(k) plans.

The Lifetime Income Disclosure Act would require certain private sector retirement plans like 401(k) to include on their statements an ...

Sponsor and status

Mark Pocan

Sponsor. Representative for Wisconsin's 2nd congressional district. Democrat.

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Last Updated: Apr 25, 2019
Length: 7 pages
Introduced
Apr 25, 2019
Status

Introduced on Apr 25, 2019

This bill is in the first stage of the legislative process. It was introduced into Congress on April 25, 2019. It will typically be considered by committee next before it is possibly sent on to the House or Senate as a whole.

Prognosis
3% chance of being enacted according to Skopos Labs (details)
Source

History

Apr 25, 2019
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

If this bill has further action, the following steps may occur next:
 
Passed Committee

 
Passed House

 
Passed Senate

 
Signed by the President

H.R. 2367 is a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

How to cite this information.

We recommend the following MLA-formatted citation when using the information you see here in academic work:

“H.R. 2367 — 116th Congress: Lifetime Income Disclosure Act.” www.GovTrack.us. 2019. September 15, 2019 <https://www.govtrack.us/congress/bills/116/hr2367>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.