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H.R.3114 / 104th Congress

ERISA Clarification Act of 1995

Referred to the Subcommittee on Employer-Employee Relations.

Official summary

Version 00 · Introduced in House · Mar 19, 1996

ERISA Clarification Act of 1995 - Directs the Secretary of Labor to issue guidance on the application of the Employee Retirement Income Security Act of 1974 (ERISA) to insurance company general accounts. Requires such guidance to: (1) be for purposes of determining, in cases where an insurer issues one or more policies to or for the benefit of an employee benefit plan, which assets of the insurer (other than plan assets held in its separate accounts) constitute assets of the plan for purposes of specified provisions of ERISA and the Internal Revenue Code; and (2) provide that assets not treated as plan assets under certain provisions not be treated as plan assets under other provisions. Authorizes the Secretary to exclude any assets of the insurer with respect to its operations, products, or services from treatment as plan assets.

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Who introduced it

Rep. Roukema, Marge [R-NJ-5] · R–NJ

Committees

  • Education and Workforce Committee
  • Ways and Means Committee
41 cosponsorship records, including any withdrawals

Actions

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  1. Referred to the Subcommittee on Employer-Employee Relations.

  2. Sponsor introductory remarks on measure. (CR E389)

  3. Referred to the Committee on Economic and Educational Opportunities, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

  4. Referred to the Committee on Economic and Educational Opportunities, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

  5. Referred to the Committee on Economic and Educational Opportunities, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

  6. Introduced in House

  7. Introduced in House

Bill text & related measures

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Related bills identified by Congress.gov

Source last updated: Mar 23, 2026. Consult Congress.gov for the current record.

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Objective

Analyze H.R.3114 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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Fairness and public impact

Progressive lens

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Institutions and government scope

Conservative lens

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Individual rights and government power

Liberty lens

Examine H.R.3114 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.

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