S.Amdt. 165
What it does: Adds SEC. ___. DEFICIT-NEUTRAL RESERVE FUND TO PROHIBIT THE DEPARTMENT OF LABOR FROM IMPLEMENTING A PROPOSAL TO EXPAND THE DEFINITION OF "FIDUCIARY" UNDER THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 TO INCLUDE APPRAISALS OF EMPLOYEE STOCK OWNERSHIP PLANS at the end of title III
Sen. Kelly Ayotte (R-NH)What it changes
1 change to S.Con.Res. 8 · shown in the resolution's text
Adds SEC. ___. DEFICIT-NEUTRAL RESERVE FUND TO PROHIBIT THE DEPARTMENT OF LABOR FROM IMPLEMENTING A PROPOSAL TO EXPAND THE DEFINITION OF "FIDUCIARY" UNDER THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 TO INCLUDE APPRAISALS OF EMPLOYEE STOCK OWNERSHIP PLANS at the end of title III
Adds a sectionIn S.Con.Res. 8 · Placed on Calendar Senate
The Chairman of the Committee on the Budget of the Senate may revise the allocations of a committee or committees, aggregates, and other appropriate levels in this resolution for one or more bills, joint resolutions, amendments, motions, or conference reports that would reduce inefficient overlap, improve access, and enhance outcomes with Federal workforce development, job training, and reemployment programs, by the amounts provided in such legislation for those purposes, provided that such legislation would not increase the deficit over either the period of the total of fiscal years 2013 through 2018 or the period of the total of fiscal years 2013 through 2023.
Inserted: SEC. ___. DEFICIT-NEUTRAL RESERVE FUND TO PROHIBIT THE DEPARTMENT OF LABOR FROM IMPLEMENTING A PROPOSAL TO EXPAND THE DEFINITION OF "FIDUCIARY" UNDER THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 TO INCLUDE APPRAISALS OF EMPLOYEE STOCK OWNERSHIP PLANS.
Inserted: The Chairman of the Committee on the Budget of the Senate may revise the allocations of a committee or committees, aggregates, and other appropriate levels in this resolution for one or more bills, joint resolutions, amendments, motions, or conference reports that may prohibit the Department of Labor from expanding the definition of "fiduciary" under the Employee Retirement Income Security Act of 1974 (ERISA) to include appraisals of employee stock ownership plans without raising new revenue, by the amounts provided in such legislation for those purposes, provided that such legislation would not increase the deficit over either the period of the total of fiscal years 2013 through 2018 or the period of the total of fiscal years 2013 through 2023.
Original wording
At the end of title III, add the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 165. Ms. AYOTTE submitted an amendment intended to be proposed by her to the concurrent resolution S. Con. Res. 8, setting forth the congressional budget for the United States Government for fiscal year 2014, revising the appropriate budgetary levels for fiscal year 2013, and setting forth the appropriate budgetary levels for fiscal years 2015 through 2023; which was ordered to lie on the table; as follows:
At the end of title III, add the following:
SEC. ___. DEFICIT-NEUTRAL RESERVE FUND TO PROHIBIT THE DEPARTMENT OF LABOR FROM IMPLEMENTING A PROPOSAL TO EXPAND THE DEFINITION OF “FIDUCIARY” UNDER THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 TO INCLUDE APPRAISALS OF EMPLOYEE STOCK OWNERSHIP PLANS.
The Chairman of the Committee on the Budget of the Senate may revise the allocations of a committee or committees, aggregates, and other appropriate levels in this resolution for one or more bills, joint resolutions, amendments, motions, or conference reports that may prohibit the Department of Labor from expanding the definition of “fiduciary” under the Employee Retirement Income Security Act of 1974 (ERISA) to include appraisals of employee stock ownership plans without raising new revenue, by the amounts provided in such legislation for those purposes, provided that such legislation would not increase the deficit over either the period of the total of fiscal years 2013 through 2018 or the period of the total of fiscal years 2013 through 2023.
Legislative Activity
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Senate amendment submitted
March 20, 2013