Requires those engaging in direct or indirect sales of such securities, if they are plan fiduciaries or are required to report such trading to the Securities and Exchange Commission under the Securities Exchange Act of 1934, to report such transactions to the plan administrator not later than one business day after the transaction. Requires the plan administrator to notify plan participants and beneficiaries as soon as practicable, but no later than three business days after receiving notice, if the proceeds from any such transaction or series of transactions exceed in the aggregate $100,000.
Introduced in House
Introduced in House
Sponsor introductory remarks on measure. (CR E255-256)
Referred to the House Committee on Education and the Workforce.
Referred to the Subcommittee on Employer-Employee Relations.
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