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Women's Retirement Protection Act

USA117th CongressHR-4678| House 
| Updated: 7/22/2021
Lauren Underwood

Lauren Underwood

Democratic Representative

Illinois

Cosponsors (4)
Donald Norcross (Democratic)Ann M. Kuster (Democratic)Janice D. Schakowsky (Democratic)Suzanne Bonamici (Democratic)

Ways and Means Committee, Financial Services Committee, Education and Workforce Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Women's Retirement Protection Act This bill modifies the requirements for employer-sponsored pension plans to (1) extend spousal consent requirements that currently apply to defined benefit pension plans to defined contribution pension plans; and (2) allow certain long-term, part-time workers to participate in pension plans that include either a qualified cash or deferred arrangement or a salary reduction agreement. Financial product or service providers who sell retirement financial products or services must provide purchasers of their products or services an easily accessible link to the website of the Consumer Financial Protection Bureau to obtain information relating to retirement planning or later life economic security. The Women's Bureau of the Department of Labor shall award grants to certain community-based organizations to (1) improve the financial literacy of women who are working age or in retirement, and (2) assist low-income women and survivors of domestic violence in obtaining qualified domestic relations orders and the benefits they are entitled to through the orders.
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Timeline

Bill from Previous Congress

HR 116-2005
Women’s Retirement Protection Act of 2019
Jul 22, 2021

Latest Companion Bill Action

S 117-2446
Introduced in Senate
Jul 22, 2021
Introduced in House
Jul 22, 2021
Referred to the Committee on Education and Labor, and in addition to the Committees on Ways and Means, and Financial Services, 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.
  • Bill from Previous Congress

    HR 116-2005
    Women’s Retirement Protection Act of 2019


  • July 22, 2021

    Latest Companion Bill Action

    S 117-2446
    Introduced in Senate


  • July 22, 2021
    Introduced in House


  • July 22, 2021
    Referred to the Committee on Education and Labor, and in addition to the Committees on Ways and Means, and Financial Services, 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.

Labor and Employment

Related Bills

  • S 117-3751: A bill to amend the Employee Retirement Income Security Act of 1964 and the Internal Revenue Code of 1986 to improve retirement plan coverage for part-time workers.
  • HR 117-5873: Improving Part-Time Workers Access to Retirement Act of 2021
  • S 117-2446: Women's Retirement Protection Act
Civil actions and liabilityConsumer affairsCrimes against womenCrime victimsDomestic violence and child abuseEmployee benefits and pensionsFamily relationshipsFinancial literacyFinancial services and investmentsGovernment information and archivesSeparation, divorce, custody, supportTemporary and part-time employmentWomen's employment

Women's Retirement Protection Act

USA117th CongressHR-4678| House 
| Updated: 7/22/2021
Women's Retirement Protection Act This bill modifies the requirements for employer-sponsored pension plans to (1) extend spousal consent requirements that currently apply to defined benefit pension plans to defined contribution pension plans; and (2) allow certain long-term, part-time workers to participate in pension plans that include either a qualified cash or deferred arrangement or a salary reduction agreement. Financial product or service providers who sell retirement financial products or services must provide purchasers of their products or services an easily accessible link to the website of the Consumer Financial Protection Bureau to obtain information relating to retirement planning or later life economic security. The Women's Bureau of the Department of Labor shall award grants to certain community-based organizations to (1) improve the financial literacy of women who are working age or in retirement, and (2) assist low-income women and survivors of domestic violence in obtaining qualified domestic relations orders and the benefits they are entitled to through the orders.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

HR 116-2005
Women’s Retirement Protection Act of 2019
Jul 22, 2021

Latest Companion Bill Action

S 117-2446
Introduced in Senate
Jul 22, 2021
Introduced in House
Jul 22, 2021
Referred to the Committee on Education and Labor, and in addition to the Committees on Ways and Means, and Financial Services, 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.
  • Bill from Previous Congress

    HR 116-2005
    Women’s Retirement Protection Act of 2019


  • July 22, 2021

    Latest Companion Bill Action

    S 117-2446
    Introduced in Senate


  • July 22, 2021
    Introduced in House


  • July 22, 2021
    Referred to the Committee on Education and Labor, and in addition to the Committees on Ways and Means, and Financial Services, 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.
Lauren Underwood

Lauren Underwood

Democratic Representative

Illinois

Cosponsors (4)
Donald Norcross (Democratic)Ann M. Kuster (Democratic)Janice D. Schakowsky (Democratic)Suzanne Bonamici (Democratic)

Ways and Means Committee, Financial Services Committee, Education and Workforce Committee

Labor and Employment

Related Bills

  • S 117-3751: A bill to amend the Employee Retirement Income Security Act of 1964 and the Internal Revenue Code of 1986 to improve retirement plan coverage for part-time workers.
  • HR 117-5873: Improving Part-Time Workers Access to Retirement Act of 2021
  • S 117-2446: Women's Retirement Protection Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Civil actions and liabilityConsumer affairsCrimes against womenCrime victimsDomestic violence and child abuseEmployee benefits and pensionsFamily relationshipsFinancial literacyFinancial services and investmentsGovernment information and archivesSeparation, divorce, custody, supportTemporary and part-time employmentWomen's employment