Savings Are Vital to Everyone's Retirement Act of 1997 - Amends the Employee Retirement Income Security Act of 1974 to direct the Secretary of Labor to maintain an ongoing program of outreach to the public to effectively promote retirement income savings by workers through: (1) public service announcements; (2) public meetings; (3) educational materials; and (4) a permanent site on the Internet. Includes among the information to be disseminated through such program: (1) a description of the common types of retirement income savings arrangements available to both individuals and employers, including small businesses; (2) a means for individuals to calculate their estimated retirement savings needs; and (3) an explanation for employers of how to establish and maintain different retirement savings arrangements for their workers.
Directs the President to convene a National Summit on Retirement Income Savings, no later than July 15, 1998, and again in September 2001 and September 2005. Authorizes appropriations. Limits the Department of Labor's FY 1998 obligation for the National Summit to one-half its costs, or $250,000, whichever is less, with the balance to be made up by an organization of private sector businesses and associations partnered with Government entities to promote long-term financial security in retirement through savings.
Received in the Senate and read twice and referred to the Committee on Labor and Human Resources.
Senate Committee on Labor and Human Resources discharged by Unanimous Consent.
Senate Committee on Labor and Human Resources discharged by Unanimous Consent.
Measure laid before Senate by unanimous consent. (consideration: CR S12058-12059)
Amendment SP 1612 proposed by Senator Lott for Senator Grassley.
Amendment SP 1612 agreed to in Senate by Unanimous Consent.
Passed/agreed to in Senate: Passed Senate with an amendment by Unanimous Consent.
Passed Senate with an amendment by Unanimous Consent.
Message on Senate action sent to the House.
Mr. Fawell moved that the House suspend the rules and agree to the Senate amendment.
DEBATE - The House proceeded with forty minutes of debate.
Resolving differences -- House actions: On motion that the House suspend the rules and agree to the Senate amendment Agreed to by voice vote.(consideration: CR H10548)
On motion that the House suspend the rules and agree to the Senate amendment Agreed to by voice vote. (consideration: CR H10548)
Motion to reconsider laid on the table Agreed to without objection.
Presented to President.
Presented to President.
Signed by President.
Signed by President.
Became Public Law No: 105-92.
Became Public Law No: 105-92.
Enacted as Public Law 105-92
Llama 3.2 · runs locally in your browser
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line