United States 115th Congress Status: In Committee 41 R cosponsors

HR 355 — Protecting American Families' Retirement Advice Act

Last action — Referred to the Committee on Education and the Workforce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 115th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there are no live odds of enactment. It would have to be reintroduced in the current session to move again.

Summary

Protecting American Families' Retirement Advice Act This bill delays for two years the effective date of the Department of Labor rule published on April 8, 2016, relating to the definition of the term "fiduciary" and the conflict of interest rule with respect to retirement investment advice. (The rule defines who is a fiduciary with respect to pension and retirement plans. Under current law, a person who provides investment advice has a fiduciary obligation that requires the person to provide advice in the sole interest of plan participants and beneficiaries. The rule changes the definition of "investment advice" to treat people who provide investment advice to pension and retirement plans for a fee or other compensation as fiduciaries in a wider array of advice relationships.)

Bill Text

Action History

  1. Introduced in House

  2. Introduced in House

  3. Referred to the Committee on Education and the Workforce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

  4. Referred to the Committee on Education and the Workforce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

  5. Referred to the Committee on Education and the Workforce, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Sponsors

Sponsorship breakdown

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1 sponsors · 40 co-sponsors · 506 not signed on

Sponsors (1)

Co-sponsors (40)

Not signed on (506)

506 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance labor
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Frequently asked questions

What does HR 355 do?
Protecting American Families' Retirement Advice Act This bill delays for two years the effective date of the Department of Labor rule published on April 8, 2016, relating to the definition of the term "fiduciary" and the conflict of interest rule with respect to retirement investment advice. (The rule defines who is a fiduciary with respect to pension and retirement plans. Under current law, a person who provides investment advice has a fiduciary obligation that requires the person to provide advice in the sole interest of plan participants and beneficiaries. The rule changes the definition of "investment advice" to treat people who provide investment advice to pension and retirement plans for a fee or other compensation as fiduciaries in a wider array of advice relationships.)
Who sponsors HR 355?
HR 355 is sponsored by Wilson, Joe (Republican), Love, Mia B. (Republican), Meadows, Mark (Republican), Bridenstine, Jim (Republican), Crawford, Eric A. "Rick" (Republican), Thompson, Glenn (Republican), Gohmert, Louie (Republican), Cole, Tom (Republican), Latta, Robert E. (Republican), Long, Billy (Republican), Smith, Lamar (Republican), Kelly, Mike (Republican), Gibbs, Bob (Republican), Grothman, Glenn (Republican), Rouzer, David (Republican), Poliquin, Bruce (Republican), Flores, Bill (Republican), Hultgren, Randy (Republican), LaHood, Darin (Republican), Posey, Bill (Republican), LaMalfa, Doug (Republican), Jenkins, Evan H. (Republican), Griffith, H. Morgan (Republican), Gowdy, Trey (Republican), Duncan, Jeff (Republican), Walorski, Jackie (Republican), Black, Diane (Republican), Allen, Rick W. (Republican), Gosar, Paul A. (Republican), DeSantis, Ron (Republican), Yoho, Ted S. (Republican), Thornberry, Mac (Republican), King, Peter T. (Republican), Marino, Tom (Republican), Goodlatte, Bob (Republican), Bishop, Mike (Republican), Ferguson, A. Drew (Republican), Marchant, Kenny (Republican), Abraham, Ralph Lee (Republican), Frelinghuysen, Rodney P. (Republican), and Budd, Ted (Republican).
What is the current status of HR 355?
This bill died with 115th Congress. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HR 355?
Track HR 355 free on One Click Politics — get push/email alerts when it moves.

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