```

[Journal of the House of Representatives, 1995]
[Tuesday, September 12, 1995 (113), Para 113.22 Recorded Vote]
[Pages 1325-1326]
[From the U.S. Government Publishing Office, www.gpo.gov]

para.113.22  recorded vote

  A recorded vote by electronic device was ordered in the Committee of 
the Whole on the following amendment in the nature of substitute 
submitted by Mr. ANDREWS:

       Strike all after the enacting clause and insert the 
     following:

     SECTION 1. SENATE OF THE CONGRESS.

       It is the sense of the Congress that the Department of 
     Labor should apply the same fiduciary standards to 
     economically targeted investments (as defined in Interpretive 
     Bulletin 94-1, issued by the Secretary of Labor on June 23, 
     1994 (59 Fed. Reg. 32606, 29 C.F.R. 2509.94-1)) as are 
     applicable to investments by pension plans generally under 
     the Employee Retirement Income Security Act of 1974.

     SEC.  2.  EFFECT  OF  INTERPRETIVE BULLETIN
                   94-1.

       Interpretive Bulletin 94-1 (referred to in section 1) shall 
     be null and void to the extend it is construed to authorize 
     investments which are in violation of the Employee Retirement 
     Income Security Act of 1974.

     SEC. 3. PROHIBITION ON FEDERAL AGENCIES AGAINST ESTABLISHING 
                   OR MAINTAINING ANY CLEARINGHOUSE OR OTHER 
                   DATABASE RELATING TO ECONOMICALLY TARGETED 
                   INVESTMENTS.

       (a) In General.--Part 5 of subtitle B of title I of the 
     Employee Retirement Income Security Act of 1974 (29 U.S.C. 
     1131 et seq.) is amended by adding at the end the following 
     new section:

 ``prohibition on federal agencies against establishing or maintaining 
 any clearinghouse or other database relating to economically targeted 
                              investments

       ``Sec. 516. (a) In General.--No agency or instrumentality 
     of the Federal Government may establish or maintain, or 
     contract with (or otherwise provide assistance to) any other 
     party to establish or maintain, any clearinghouse, database, 
     or other listing--
       ``(1) for the purpose of making available to employee 
     benefit plans information on economically targeted 
     investments,
       ``(2) for the purpose of encouraging, or providing 
     assistance to, employee benefit plans or any other party 
     related to an employee benefit plan to undertake or evaluate 
     economically targeted investments, or
       ``(3) for the purpose of identifying economically targeted 
     investments with respect to which such agency or 
     instrumentality will withhold from undertaking enforcement 
     actions relating to employee benefit plans under any 
     otherwise applicable authority of such agency or 
     instrumentality.
       ``(b) Economically Targeted Investment Defined.--For 
     purposes of this section, the term `economically targeted 
     investment' has the meaning given such term in Interpretive 
     Bulletin 94-1, as issued by the Secretary on June 23, 1994 
     (59 Fed. Reg. 32606; 29 C.F.R. 2509.94-01).''.
       (b) Clerical Amendment.--The table of contents in section 1 
     of such Act is amended by inserting at the end of the items 
     relating to part 5 of subtitle B of title I the following new 
     item.

``Sec. 516. Prohibition on Federal agencies against establishing or 
              maintaining any clearinghouse or other database relating 
              to economically targeted investments.''.

     SEC. 4. TERMINATION OF CONTRACTS.

       The head of each agency and instrumentality of the 
     Government of the United States shall immediately take such 
     actions as are necessary and appropriate to terminate any 
     contract or other arrangement entered into by such agency or 
     instrumentality which is in violation of the requirements of 
     the provisions of this Act or the amendments made thereby.

     SEC. 5. EFFECTIVE DATE.

       The preceding provisions of this Act (and the amendments 
     made thereby) shall take effect on the date of the enactment 
     of this Act.

[[Page 1326]]

It was decided in the

Yeas

178

negative

Nays

232
```