WASHINGTON, Dec. 29 -- The House Education and the Workforce Committee issued a report (H.Rpt. 118-226) on the No Discrimination in My Benefits Act (H.R. 5338), which aims to amend the Employee Retirement Income Security Act of 1974 to establish that fiduciaries must act with prudence and loyalty when selecting service providers for pension plans. The report was advanced by Rep. Virginia Foxx, R-North Carolina, on Sept. 26, 2023. Here are excerpts: * * * Purpose Employee benefit plans have o  more

WASHINGTON, Dec. 29 -- The House Education and the Workforce Committee issued a report (H.Rpt. 118-224) on the Providing Complete Information to Retirement Investors Act (H.R. 5340), which aims to amend the Employee Retirement Income Security Act of 1974 to ensure that pension plans provide notice to participants and beneficiaries on risks associated with certain investments. The report was advanced by Rep. Virginia Foxx, R-North Carolina, on Sept. 26, 2023. Here are excerpts: * * * Purpose   more

WASHINGTON, Dec. 29 -- The House Education and the Workforce Committee issued a report (H.Rpt. 118-227) on the Retirement Proxy Protection Act (H.R. 5337), which aims to amend the Employee Retirement Income Security Act of 1974 to clarify the application of prudence and exclusive purpose duties to the exercise of shareholder rights. The report was advanced by Rep. Virginia Foxx, R-North Carolina, on Sept. 26, 2023. Here are excerpts: * * * Purpose Employee benefit plans have one purpose: to   more

WASHINGTON, Dec. 29 -- The House Education and the Workforce Committee issued a report (H.Rpt. 118-225) on the Roll Back ESG to Increase Retirement Earnings Act (H.R. 5339), which aims to amend the Employee Retirement Income Security Act of 1974 to specify requirements concerning the consideration of pecuniary and non-pecuniary factors. The report was advanced by Rep. Virginia Foxx, R-North Carolina, on Sept. 26, 2023. Here are excerpts: * * * Purpose Employee benefit plans have one purpose:  more

WASHINGTON, Dec. 29 -- The House Rules Committee issued a report (H.Rpt. 118-228) on a resolution (H.Res. 730) that provides for the consideration of three appropriations bills (H.R. 5692, H.R. 4365 and H.R. 4367). The report was advanced by Rep. Tom Cole, R-Oklahoma, on Sept. 28, 2023. Here are excerpts: * * * Providing for consideration of the bill (H.R. 5692) making supplemental appropriations for the fiscal year ending September 30, 2024, and for other purposes; providing for further cons  more

WASHINGTON, Dec. 29 -- The House Transportation and Infrastructure Committee issued a report (H.Rpt. 118-229) on the Eliminating Barriers to Rural Internet Development Grant Eligibility Act (H.R. 1752), which aims to amend the Public Works and Economic Development Act of 1965 to provide for a high-speed broadband deployment initiative. The report was advanced by Rep. Sam Graves, R-Missouri, on Sept. 28, 2023. Here are excerpts: * * * Purpose of Legislation The purpose of H.R. 1752, as amende  more

WASHINGTON, Dec. 28 -- The Senate Appropriations Committee issued a report (S.Rpt. 118-69) on further revised allocation to subcommittees of budget totals for fiscal 2024 set forth in Senate Report 118-45. The report was advanced by Sen. Patty Murray, D-Washington, on July 19, 2023. Here are excerpts: * * * The Committee on Appropriations submits the following report further revising the allocations to its subcommittees for fiscal year 2024 set forth in Senate Report 118-45 (June 22, 2023) an  more