legislation: 104-hr-3688

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
104-hr-3688 104 hr 3688 401(k) Pension Protection Act of 1996 Labor and Employment 1996-06-20 1996-07-23 Sponsor introductory remarks on measure. (CR E1345) House Rep. Condit, Gary A. [D-CA-18] CA D C000670 8 401(k) Pension Protection Act of 1996 - Amends the Employee Retirement Income Protection Act of 1974 (ERISA) to require that (Internal Revenue Code section) 401(k)-type pension plans be subject to the same prohibited transaction rules that apply to traditional defined benefit pension plans under ERISA. Requires 401(k)-type plans (by extending such ERISA protections to them) to have diversified investments, and prohibits them from investing more than ten percent of their assets in securities and real property of the sponsoring employer. 2026-03-23T12:41:21Z  

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