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H.R. 8990

BillFederalHouseIn Committee
To amend the Employee Retirement Income Security Act of 1974 to permit default investment arrangements in annuities, and for other purposes.
About This Bill
Committee
Latest Action · December 16, 2020
Referred to the House Committee on Education and Labor.
Congress
116th (2019–2021)
Introduced
December 16, 2020
Cosponsors (1)
0D 1R
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Summary

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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.

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