General Accounts Product Clarifications Act
Summary
General Accounts Product Clarifications Act This bill specifies requirements for the application of the Employee Retirement Income Security Act of 1974 (ERISA) to general account policies that receive contributions from employee benefit plans. A general account policy is an insurance policy or contract to the extent that the policy or contract allocates amounts to the insurer's general account, including any surplus in a separate account but excluding any other portion of a separate account.
Bill status
in committee
1 of 4 stages cleared
Introduction
Dec 2022
Committee Review
Floor Vote
President
Introduced Dec 13, 2022
Last action Dec 13, 2022
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
Dec 13, 2022
House · Referred to committee
Referred to the House Committee on Education and Labor.
Dec 13, 2022
House · Introduced
Introduced in House
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Joseph D. Morelle
DDemocratic
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