H.R. 8660 — To direct the Secretary of Labor to modify regulations to allow the use of performance benchmarks in the case of designated investment alternatives, and for other purposes.

Summary

This bill permits administrators of employee health or retirement plans to use a blend of different broad-based stock indices (e.g., the Dow Jones Industrial Average) to meet the performance benchmarking requirements for designated investment alternatives if certain conditions are met.

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Related Legislation

S. 1431Retirement Security and Savings Act of 2019
2019-05-13Read twice and referred to the Committee on Finance.
Related
H.R. 8696Securing a Strong Retirement Act of 2020
2020-10-27Referred to the Committee on Ways and Means, and in addition to the Committees on Financial Services, and Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
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Legislative Actions

2020-10-23
Introduced in House
2020-10-23
Introduced in House
2020-10-23
Referred to the House Committee on Education and Labor.

To direct the Secretary of Labor to modify regulations to allow the use of performance benchmarks in the case of designated investment alternatives, and for other purposes.

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