Welcome to IQexpress!
 Where the Hill Meets the Web
ACS Desktop Solutions Inc
Home Agencies Congress Economy Local Issues Press Schedule Web
Select links for
home page

New reports from top sources.

Council of Economic Advisers:
  • The Economic Report of the President, January 2001
    Office of Mgt and Budget (OMB):
  • FY 2002 ECONOMIC OUTLOOK AND FY 2002 BASELINE PROJECTIONS, 1/16/01 [pdf format]
  • Mid-session Budget Review, 6/26/00 [pdf format]
    Health & Human Services:
  • 1999 Welfare to Work Participation Rates, 8/22/00
  • Deaths: Final Data for 1998 - Gun Deaths Among Children and Teens Drop Sharply, 7/24/00
    Federal R&D:
  • Federal Research and Development Activities in the Fifty States (Rand, June 2000)
  • Global Trends 2015: A Dialogue About the Future (CIA, 12/18/2000)
  • Climate Change Impacts on the U.S. (6/12/2000)
    Commerce Dept:
  • Digital Economy 2000
    Trustees Reports:
  • Social Security
  • Medicare
  • Federal Spending by State (1999 CFFR)
    Dept. of Education:
  • Third International Mathematics and Science Study, 12/2000
  • A Back to School Special Report on the Baby Boom Enrollment Echo, 8/21/2000
  • The Education Record, 1993-2000
  • Budgeting for Defense: Maintaining Today's Forces (9/14)
  • The Budget and Economic Outlook: An Update (7/18)
  • Monthly Budget Review (5/12)
  • Analysis of the Administration's Prescription Drug Proposal (5/11)
  • Economic Analysis of the Taxpayer Relief Act of 1997
  • An Analysis of the President's Budgetary Proposals for Fiscal Year 2001 (4/10/00)
  • Budget Options (March 2000)
    GAO: [PDF format]
  • Performance and Accountability Series and High Risk Update, 2001 (1/17/01)
  • Financial Management: Improper Agency Payments Reported in Fiscal Year 1999
  • Campaign Finance Task Force: Problems and Disagreements Initially Hampered Justice's Investigation. GGD-00-101BR. (5/31)
  • Budget Issues: Budget Enforcement Compliance Report. AIMD-00-174. (5/31)
  • Financial Report of the US Government.
    Joint Econ. Comm:
  • High Tech. & the US Economy (June 2000)
  • US Economy and China's Admission to WTO [pdf]
    Think Tanks, etc.:
  • Government Performance Project 2001 -- Grading the States (Governing, 2/1/2001)
  • Center for Responsive Politics: Who's Paying for this Election, October 2000
  • Center on Budget and Policy Priorities: Expanding state Medicaid Programs to Low-Income Parents, 9/5
  • National Trust for Historic Preservation 2000 List of America's 11 Most Endangered Historic Places
  • Columbia University Death Penalty Study (June)
  • Governors: R&D and Growing State Economies (6/7)
  • American Legacy Foundation analysis of pre-and post-MSA tobacco industry advertising
  • Families USA: Drug Price Increases for Seniors, 1999-2000
  • Sierra Club Sprawl Report 2000
  •  Searches

    Legislation, news and member searches.

    IQexpress Web Search

    Bill Search
    By Number:
    Members of Congress
    by ZIP Code:

    News Search

    FirstGov Search

    HomeElected OfficialsIssues and ActionElection and CandidatesMedia Guide
    Congressional Legislation
    Employee Pension Freedom Act of 2002
    H.R. 3657
    Bill # H.R.3657

    Original Sponsor:
    George Miller (D-CA 7th)

    Cosponsor Total: 20
    (last sponsor added 04/15/2002)
      20 Democrats
    About This Legislation:
    Employee Pension Freedom Act of 2002 - Amends the Employee Retirement Income Security Act of 1974 (ERISA) to set forth requirements for disclosure, diversification, account access, and accountability under defined contribution plans that are individual account plans (401(k) and similar plans).
    Requires pension plan administrators to provide certain benefit information to participants or beneficiaries periodically. Requires plan sponsors (employers) and plan administrators to provide all material investment information to participants and beneficiaries, in an accurate form, as required to be disclosed to investors under applicable securities laws, and treats misleading investment information as a violation.
    Requires individual account plans that permit participants or beneficiaries to exercise control over their account assets to grant them the right to allocate all their nonforfeitable accrued benefits which are readily tradable employer securities to any investment option provided under the plan.
    Reduces, from three years to one year, the maximum vesting period for individual account plans (so that an employee who has completed at least one year of service has a nonforfeitable right to all of the employee's accrued benefit derived from employer contributions). Requires individual account plan fiduciaries to give 30 days notice to plan participants and beneficiaries before a lockdown limiting their control over their account assets, and limits the maximum duration of any such lockdown to ten business days.
    Requires each fiduciary of an individual account plan to be bonded or insured in an amount sufficient to ensure coverage of financial losses due to failures to meet certain ERISA requirements. Requires joint boards of trustees, representing interests of employers and those of employee participants and beneficiaries, to hold in trust the assets of single-employer plans which are individual account plans with some or all assets derived from employee contributions. Makes liable anyone who participates in or conceals certain breaches of fiduciary duty. Provides that rights or claims under ERISA may not be waived, with specified exceptions. Establishes an Office of Pension Participant Advocacy in the Department of Labor. Directs the Pension Benefit Guaranty Corporation to study and report to specified congressional committees on the feasibility of and options for developing an insurance system for individual account plans.
    Detailed, up-to-date bill status information on H.R.3657.
    Co-sponsorship Search:
    Who Are:
    powered by CQ Roll Call ©2019
    IQ Express is a service of ACS Desktop Solutions 2000. Read our privacy statement.