H.R. 4700 — To amend the Employee Retirement Income Security Act of 1974 to require an independent audit of statements prepared by certain financial institutions with respect to assets of employee benefit plans.

Summary

Amends the Employee Retirement Income Security Act of 1974 (ERISA) to eliminate the exemption for banks (or similar institutions) or insurance carriers from the requirement for an independent audit of certain financial statements regarding employee benefit plan assets.

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Legislative Actions

1992-03-30
Introduced in House
1992-03-30
Introduced in House
1992-03-30
Referred to the House Committee on Education and Labor.
1992-04-16
Referred to the Subcommittee on Labor-Management Relations.

To amend the Employee Retirement Income Security Act of 1974 to require an independent audit of statements prepared by certain financial institutions with respect to assets of employee benefit plans.

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