House Bill 8990
116th Congress(2019-2020)
Lifetime Income For Employees Act
Introduced
Introduced in House on Dec 16, 2020
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
8990
Congress
116
Policy Area
Labor and Employment
Labor and Employment
Primary focus of measure is matters affecting hiring and composition of the workforce, wages and benefits, labor-management relations; occupational safety, personnel management, unemployment compensation. Measures concerning public-sector employment may fall under Government Operations and Politics policy area.
No House votes have been held for this bill.
Summary
Lifetime Income For Employees Act
This bill allows fiduciaries of pension plans to make default investment arrangements in annuity contracts upon providing certain notice to plan participants or beneficiaries and complying with certain prohibitions on liquidity restrictions.
December 16, 2020
12/16/2020
Referred to the House Committee on Education and Labor.
12/16/2020
Introduced in House
Public Record
Record Updated
Jan 11, 2023 1:43:58 PM