HR 5338 United States House · 118th Congress

No Discrimination in My Benefits Act

This bill amends ERISA (the Employee Retirement Income Security Act) to require retirement plan fiduciaries to select, monitor, and retain service providers (like investment advisors or administrators) without considering race, color, religion, sex, or national origin. It directly affects retirement plan managers and administrators who choose third-party service providers for employer-sponsored plans like 401(k)s. The key provision adds a new requirement to ERISA’s existing rules, mandating that these selection decisions must comply with non-discrimination standards under federal civil rights law. The bill does not change benefit amounts or eligibility but ensures the process for choosing plan service providers is inclusive. This is a procedural update to existing retirement plan rules, not a new benefit or policy.
Bill status in committee 1 of 4 stages cleared
Introduction
Sep 2023
Committee Review
Floor Vote
President
Introduced Sep 5, 2023 Last action Sep 26, 2023
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
6
Key actions
2
Committee
3
Amendments
1
Sep 26, 2023
Lower · Passed
Reported (Amended) by the Committee on Education and the Workforce. H. Rept. 118-226.
lower
Sep 14, 2023
Introduced
Ordered to be Reported (Amended) by the Yeas and Nays: 23 - 19.
lower
Sep 14, 2023
Lower · Passed
Committee Consideration and Mark-up Session Held
lower
Sep 5, 2023
Committee
Referred to the House Committee on Education and the Workforce.
lower
Sep 5, 2023
Introduced
Introduced in House
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Bob Good
Bob Good
RRepublican
VA
5