PlainBillCongress, translated.Legislation. Context. Public interest.Received in the Senate and read twice and referred to the Committee on Labor and Human Resources.
Congressional Research Service
Version 00 · Introduced in House · May 9, 1995
Expresses the sense of the Congress that economically targeted investments violate specified provisions of the Employee Retirement Income Security Act of 1974 (ERISA) relating to a fiduciary's responsibility to serve the interests of employee benefit plan participants and beneficiaries exclusively. Requires that the application of such ERISA provisions to employee benefit plan asset investments be determined without regard to a specified Department of Labor (DOL) interpretive bulletin or any other similar directive regarding economically targeted investments. Prohibits DOL officers or employees from traveling, lecturing, or otherwise expending DOL resources to promote, directly or indirectly, economically targeted investments. Amends ERISA to prohibit Federal agencies or instrumentalities from establishing or maintaining any clearinghouse or other database relating to economically targeted investments for employee benefit plans. Directs Federal agencies and instrumentalities to immediately terminate contracts or other arrangements which violate this Act.
People & committees
Rep. Saxton, Jim [R-NJ-3] · R–NJ
Legislative record
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Received in the Senate and read twice and referred to the Committee on Labor and Human Resources.
Motion to reconsider laid on the table Agreed to without objection.
On passage Passed by recorded vote: 239 - 179 (Roll no. 652).
House roll call 652 · Individual votesPassed/agreed to in House: On passage Passed by recorded vote: 239 - 179 (Roll no. 652).
House roll call 652 · Individual votesThe House adopted the amendment in the nature of a substitute as agreed to by the Committee of the Whole House on the state of the Union.
The previous question was ordered pursuant to the rule.
The House rose from the Committee of the Whole House on the state of the Union to report H.R. 1594.
Pursuant to the earlier unanimous consent agreement, the Chair announced that proceedings would now resume on those amendmnts on which further proceedings were postponed, in the order in which they were initially considered.
At the conclusion of debate, the Chair put the question on the Andrews amendment and announced that, by voice vote, the amendment was not agreed to. Mr. Andrews demanded a recorded vote and made a point of order that a quorum was not present. Pursuant to the previous unanimous consent agreement, further proceedings were postponed and the point of order was withdrawn.
At the conclusion of debate, the Chair put the question on the Hinchey amendment and announced that, by voice vote, the amendment was not agreed to. Mr. Hinchey demanded a recorded vote and made a point of order that a quorum was not present. Pursuant to the previous unanimous consent agreement, further proceedings were postponed and the point of order was withdrawn.
GENERAL DEBATE - Pursuant to the provisions of H. Res. 215, the Committee of the Whole proceeded with two hours of general debate.
The Speaker designated the Honorable Bill Emerson to act as Chairman of the Committee.
House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 215 and Rule XXIII.
Mr. Fawell asked unanimous consent that the Chairman of the Committee of the Whole be granted permission to postpone until a time later during consideration of the bill the request for a recorded vote on any amendment. Further, the Chairman of the Committee of the Whole be granted permission to reduce to a period of not less than five minutes the time for a recorded vote, provided that the first in any series of questions shall be not less than 15 minutes. Agreed to without objection.
Rule provides for consideration of H.R. 1594 with 2 hours of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be read by section. Bill is open to amendments. It shall be in order to consider as an original bill for the purpose of amendment under the five-minute rule the amendment in the nature of a substitute recommended by the Committee on Economic and Educational Opportunites now printed in the bill.
Considered under the provisions of rule H. Res. 215. (consideration: CR H8740-8776)
Rule H. Res. 215 passed House.
Rules Committee Resolution H. Res. 215 Reported to House. Rule provides for consideration of H.R. 1594 with 2 hours of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be read by section. Bill is open to amendments. It shall be in order to consider as an original bill for the purpose of amendment under the five-minute rule the amendment in the nature of a substitute recommended by the Committee on Economic and Educational Opportunites now printed in the bill.
Placed on the Union Calendar, Calendar No. 129.
Reported (Amended) by the Committee on Economic and Educational. H. Rept. 104-238.
Reported (Amended) by the Committee on Economic and Educational. H. Rept. 104-238.
Mr. Goodling asked unanimous consent that the Committee on Economic and Educational have until 12:00 p.m. on Sept. 1 to file a report on H.R. 1594. Agreed to without objection.
Ordered to be Reported (Amended) by the Yeas and Nays: 23 - 15.
Committee Consideration and Mark-up Session Held.
Forwarded by Subcommittee to Full Committee (Amended) by the Yeas and Nays: 8 - 5.
Subcommittee Consideration and Mark-up Session Held.
Subcommittee Hearings Held.
Referred to the Subcommittee on Employer-Employee Relations.
Referred to the House Committee on Economic and Educational Opportunities.
Sponsor introductory remarks on measure. (CR H4551, E959)
Introduced in House
Introduced in House
Primary sources
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Source last updated: Mar 23, 2026. Consult Congress.gov for the current record.
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Analyze H.R.1594 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.
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