EMPOWERS Act

Summary

Official

Encouraging More Proxy voting by Organized Workers, Employees, and Retirement Savers Act or the EMPOWERS Act This bill modifies the requirements for single-employer retirement plans with respect to the fiduciaries and proxy voting procedures for such plans. Specifically, it requires the assets of such plans to be held in trust by a joint board of trustees that...

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Bill Progress

Bill has been introduced and assigned a number

Introduced(5/18/21)

Committee

Passed House

Passed Senate

President

Law

Sponsor

Ms. Baldwin

Senate (D) Wisconsin

Cosponsors (6)

Merkley

Senate (D) Oregon

Markey

Senate (D) Massachusetts

Booker

Senate (D) New Jersey

Blumenthal

Senate (D) Connecticut

Warren

Senate (D) Massachusetts

Sanders

Senate (I) Vermont

Topics

Government Spending & Operations

Business & Finance

Employment

Latest Action

Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

May 18, 2021