S. 1232 · 112th Congress
A bill to modify the definition of fiduciary under the Employee Retirement Income Security Act of 1974 to exclude appraisers of employee stock ownership plans.
- Stage
- In committee
- Sponsor
- Kelly Ayotte
- Introduced
- 2011-06-20
- Latest action
- 2011-06-20 · Introduced in Senate
Summary
Amends the Employee Retirement Income and Security Act of 1974 (ERISA) to exclude appraisers of employee stock ownership plans (ESOPs) from the the meaning of a fiduciary subject to ERISA.