Amends the Employee Retirement Income Security Act of 1974 to include under the definition of qualifying employer security (in addition to a stock or a marketable obligation) an interest in an existing publicly traded partnership. Requires such an interest to satisfy certain requirements as to maximum percentage held by plan and minimum percentage held by persons independent of the plan, in the case of a plan other than an eligible individual account plan.
Introduced in House
Introduced in House
Referred to the House Committee on Education and Labor.
Committee on Education and Labor discharged.
Committee on Education and Labor discharged.
Considered by unanimous consent.
Mr. Clay asked unanimous consent to discharge from committee and consider.
Passed/agreed to in House: On passage Passed without objection.
On passage Passed without objection.
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate, read twice.
Passed/agreed to in Senate: Passed Senate without amendment by Voice Vote.
Passed Senate without amendment by Voice Vote.
Measure Signed in Senate.
Presented to President.
Presented to President.
Signed by President.
Signed by President.
Became Public Law No: 101-540.
Became Public Law No: 101-540.
Enacted as Public Law 101-540
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