IV

House Calendar No. 136

107TH CONGRESS

2D SESSION H. RES. 386

[Report No. 107–396]

Providing for consideration of the bill (H.R. 3762) to amend title I of

the Employee Retirement Income Security Act of 1974 and the Internal

Revenue Code of 1986 to provide additional protections to participants

and beneficiaries in individual account plans from excessive investment

in employer securities and to promote the provision of retirement investment advice to workers managing their retirement income assets, and

to amend the Securities Exchange Act of 1934 to prohibit insider trades

during any suspension of the ability of plan participants or beneficiaries

to direct investment away from equity securities of the plan sponsor.

IN THE HOUSE OF REPRESENTATIVES

APRIL 10, 2002

Mr. SESSIONS, from the Committee on Rules, reported the following resolution; which was referred to the House Calendar and ordered to be printed

RESOLUTION

Providing for consideration of the bill (H.R. 3762) to amend

title I of the Employee Retirement Income Security Act

of 1974 and the Internal Revenue Code of 1986 to

provide additional protections to participants and beneficiaries in individual account plans from excessive investment in employer securities and to promote the provision

of retirement investment advice to workers managing

their retirement income assets, and to amend the Securi-
2

HRES 386 RH

ties Exchange Act of 1934 to prohibit insider trades

during any suspension of the ability of plan participants

or beneficiaries to direct investment away from equity

securities of the plan sponsor.

1 Resolved, That upon the adoption of this resolution

2 it shall be in order without intervention of any point of

3 order to consider in the House the bill (H.R. 3762) to

4 amend title I of the Employee Retirement Income Security

5 Act of 1974 and the Internal Revenue Code of 1986 to

6 provide additional protections to participants and bene7 ficiaries in individual account plans from excessive invest8 ment in employer securities and to promote the provision

9 of retirement investment advice to workers managing their

10 retirement income assets, and to amend the Securities Ex11 change Act of 1934 to prohibit insider trades during any

12 suspension of the ability of plan participants or bene13 ficiaries to direct investment away from equity securities

14 of the plan sponsor. The bill shall be considered as read

15 for amendment. In lieu of the amendment recommended

16 by the Committee on Education and the Workforce now

17 printed in the bill, the amendment in the nature of a sub18 stitute printed in part A of the report of the Committee

19 on Rules accompanying this resolution shall be considered

20 as adopted. All points of order against the bill, as amend21 ed, are waived. The previous question shall be considered

22 as ordered on the bill, as amended, and on any further
3

HRES 386 RH

1 amendment thereto to final passage without intervening

2 motion except: (1) two hours of debate on the bill, as

3 amended, equally divided among and controlled by the

4 chairmen and ranking minority members of the Commit5 tees on Education and the Workforce and Ways and

6 Means; (2) the further amendment printed in part B of

7 the report of the Committee on Rules, if offered by Rep8 resentative George Miller of California or Representative

9 Rangel of New York or a designee, which shall be in order

10 without intervention of any point of order, shall be consid11 ered as read, and shall be separately debatable for one

12 hour equally divided and controlled by the proponent and

13 an opponent; and (3) one motion to recommit with or

14 without instructions.
House Calendar No. 136

107TH CONGRESS

2D SESSION H. RES. 386

[Report No. 107–396]

RESOLUTION

Providing for consideration of the bill (H.R. 3762)

to amend title I of the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code of 1986 to provide additional protections to participants and beneficiaries in individual account plans from excessive investment inemployer securities and to promote the provisionof retirement investment advice to workers managing their retirement income assets, and toamend the Securities Exchange Act of 1934 toprohibit insider trades during any suspension ofthe ability of plan participants or beneficiaries todirect investment away from equity securities ofthe plan sponsor.

APRIL 10, 2002

Referred to the House Calendar and ordered to be

printed