,i  #aac? ,,congress  #a/ ,session  ,h4 
,r4 #bjda  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,may #ag1 #bjac ,mr4  
,gu?rie 7= himself1 ,mr4 ,loebsack1 &   
,ms4 ,j5k9s7 introduc$ ! foll[+ bill2   
:i* 0 ref]r$ to ! ,committee on         
,education & ! ,work=ce  ,a ,,bill  ,to 
modify ! def9ition ( fiduci>y "u !      
,employee ,retirem5t ,income ,security  
,act ( #aigd to exclude apprais]s (     
employee /ock own]%ip plans4  #a4       
,fiduci>y exclusion ,section #c7ba77;,a7
 ( ! ,employee ,retirem5t ,income &     
,security ,act ( #aigd 7#bi ,u4,s4,c4   
#ajjb7ba77;,a77 is am5d$ by ins]t+ &    
except to ! ext5t a p]son is provid+ an 
appraisal or fairness op9ion ) respect  
to qualify+ employ] securities 7z def9$ 
9 section #djg7;d77#e77 includ$ 9 an    
employee /ock own]%ip plan 7z def9$ 9   
section #djg7;d77#f771 aft] subp>agraph 
7,b714