PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the Subcommittee on Labor-Management Relations.
Congressional Research Service
Version 00 · Introduced in House · Oct 6, 1994
ERISA Audit Improvement Act of 1994 - Amends the Employee Retirement Income Security Act of 1974 (ERISA) to revise provisions relating to auditing of employee benefit plans. Eliminates provisions which allow certain limited scope audits by banks, similar institutions, or insurance carriers to fulfill the requirement for an audit by an independent public accountant as part of an employee benefit plan's annual report. Requires external quality control review of qualified public accountants for such ERISA audits. Requires notifications of certain events by plan administrators and accountants. Authorizes assessment of a civil penalty against any plan administrator or accountant who fails to provide the Secretary of Labor with any such required notification.
People & committees
Rep. Mink, Patsy T. [D-HI-2] · D–HI
Legislative record
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Referred to the Subcommittee on Labor-Management Relations.
Referred to the House Committee on Education and Labor.
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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