,i #aaf? ,,congress #a/ ,session ,h4 ,r4 #bjje ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,april #a1 #bjai ,ms4 ,und]wood 7= h]self1 ,ms4 ,s*ak[sky1 ,mr4 ,norcross1 & ,ms4 ,bonamici7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,education & ,labor1 & 9 addition to ! ,committee on ,f9ancial ,s]vices1 = a p]iod to be subsequ5tly det]m9$ by ! ,speak]1 9 ea* case = consid]ation ( su* provisions z fall )9 ! jurisdiction ( ! committee conc]n$ ,a ,,bill ,to am5d ! ,employee ,retirem5t ,income ,security ,act ( #aigd to provide = great] sp\sal protection "u def9$ contribution plans1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,wom5's ,retirem5t ,protection ,act ( #bjai4 #b4 ,f9d+s ,congress f9ds ! foll[+3 7#a7 ,approximately #bi p]c5t ( h\seholds head$ by individuals ag$ #ee ?r\gh #gd h no def9$ b5efit plan or retirem5t sav+s1 accord+ to #bjaf data f ! ,survey ( ,consum] ,f9ances4 7#b7 ,j ov] "o-?ird ( ! private sector work=ce does n h access to a retirem5t plan at ! workplace1 & only half ( ! work=ce actually p>ticipates 9 a retirem5t plan4 7#c7 ,wom5's retirem5t prep>$ness (t5 lags significantly beh9d _! male c\nt]p>ts'1 result+ 9 ! m$ian retirem5t income = wom5 9 #bjaf be+ j #eh p]c5t ( m5's retirem5t income4 7#d7 ,wom5 are #a4e times z likely z m5 to live 9 pov]ty aft] age #fe4 7#e7 ,wom5 make up #b_/c ( l[-wage work]s1 ev5 ?\gh !y comprise less ?an half ( all work]s1 & l[-wage work]s are less likely ?an o!r work]s to p>ticipate 9 a retirem5t plan at "w4 7#f7 ,because ( ! pay gap1 wom5 work+ full-"t1 ye>-r\nd typically lose #djc1ddj ov] a #dj-ye> c>e] !reby requir+ ! av]age woman to "w almo/ a decade long] ?an h] male c\nt]p>t to make up t c>e] wage gap4 7#g7 ,due to ! l[] lifetime wages /emm+ f unequal pay & c>egiv+ duties1 ! av]age ,social ,security b5efit = a woman age #fe or old] is #ad1jdd a ye>1 :ile m5 ( ! same age receive #ah1agc a ye>1 on av]age4 7#h7 ,j #a 9 #e "p-"t work]s :o "w a full ye> are eligible = a retirem5t plan1 & wom5 are almo/ twice z likely to "w "p-"t z m54 7#i7 ,:ile traditional def9$ b5efit retirem5t plans h sp\sal protections1 def9$ contribution retirem5t plans1 :i* h become increas+ly common1 curr5tly provide no simil> sp\sal protections4 7#aj7 ,e ye>1 m ?an #a1bjj1jjj c\ples get divorc$ 9 ! ,unit$ ,/ates4 ,aft] ! family home1 retirem5t sav+s t5ds to be ! l>ge/ asset to be divid$ 9 a divorce4 7#aa7 ,:ile fees & exp5ses associat$ ) retirem5t plans h be5 9 decl9e1 p>ticipants h se5 direct *>ges = process+ qualifi$ dome/ic relations ord]s increase significantly4 #c4 ,increas+ sp\sal protection "u def9$ contribution plans 7a7 ,9 g5]al ,"p #b ( subtitle ,b ( title ,i ( ! ,employee ,retirem5t ,income ,security ,act ( #aigd 7#bi ,u4,s4,c4 #ajea et seq47 is am5d$ by ins]t+ aft] section #bje ! foll[+ new section3 #bje;,a4 ,additional sp\sal cons5t requirem5ts 7a7 ,9 g5]al ,ea* individual acc\nt plan to :i* section #bje does n apply %all provide t1 except z provid$ 9 subsections 7c7 & 7d71 no di/ribution may be made "u ! plan unless ! sp\sal cons5t requirem5ts ( subsection 7e7 are met4 7b7 ,coord9ation ) section #bje ,no?+ 9 ?is section %all be con/ru$ to exempt an individual acc\nt plan f ! requirem5ts ( p>agraph 7#a77;,c7 or 7#b7 ( section #bje7;b7 ) respect to any p>ticipant4 7c7 ,exceptions = c]ta9 di/ributions ,subsection 7a7 %all n apply to-- 7#a7 any di/ribution t is-- 7,a7 a m9imum requir$ di/ribution describ$ 9 section #digd7;b7 ( ! ,int]nal ,rev5ue ,code ( #aihf2 7,b7 a result ( ! use ( ! p>ticipant's accru$ b5efit z security = a loan1 includ+ any di/ribution requir$ by reason ( a failure to comply ) ! t]ms ( su* loan2 7,c7 made ^u h>d%ip ( ! p>ticipant2 or 7,d7 p]mitt$ "u section #bjc7;e77#a7 to be made )\t ! cons5t ( ! p>ticipant2 7#b7 any di/ribution 9 ! =m ( a qualifi$ jo9t & survivor annuity 7z def9$ 9 section #bje7;d77#a771 a qualifi$ optional survivor annuity 7z def9$ 9 section #bje7;d77#b771 a qualifi$ pr]etirem5t survivor annuity 7z def9$ 9 section #bje7;e771 or a s]ies ( sub/antially equal p]iodic paym5ts 7n less frequ5tly ?an annually7 made = ! jo9t lives 7or life expectancies7 ( ! p>ticipant & ! p>ticipant's sp\se2 or 7#c7 9 ! case ( a p>ticipant :o does n elect a =m ( b5efit describ$ 9 p>agraph 7#b7 "u ! plan or :o is p>ticipat+ 9 a plan t does n provide su* a =m ( b5efit1 any di/ribution ( ! p>ticipant's entire non=feitable accru$ b5efit if #ej p]c5t ( su* accru$ b5efit is transf]r$ to an individual retirem5t plan 7z def9$ 9 section #ggja7;a77#cg7 ( ! ,int]nal ,rev5ue ,code ( #aihf7 ( ! sp\se ( ! p>ticipant4 ,a transf] describ$ 9 p>agraph 7#c7 to an individual retirem5t plan %all be treat$ 9 ! same mann] z a transf] "u section #djh7;d77#f7 ( ! ,int]nal ,rev5ue ,code ( #aihf4 7d7 ,exceptions = c]ta9 rollov] contributions ,subsection 7a7 %all n apply to any di/ribution t is an eligible rollov] di/ribution 7z def9$ 9 section #djb7;f77#b77;,a7 ( ! ,int]nal ,rev5ue ,code ( #aihf7 made 9 ! =m ( a direct tru/ee-to-tru/ee transf] )9 ! mean+ ( section #dja7;a77#ca7 ( ! ,int]nal ,rev5ue ,code ( #aihf-- 7#a7 to a plan to :i* ?is section or section #bje applies2 or 7#b7 to an individual retirem5t plan 7z def9$ 9 section #ggja7;a77#cg7 ( ! ,int]nal ,rev5ue ,code ( #aihf7 if-- 7,a7 ! b5efici>y ( su* plan is ! sp\se ( ! p>ticipant1 or ! sp\sal cons5t requirem5ts ( subsection 7e7 are met ) respect to any designation ( #a or m o!r b5efici>ies2 & 7,b7 ! b5efici>y ( su* plan 7:e!r ! sp\se or o!r b5efici>y designat$ "u p>agraph 7#a77 may n be *ang$ unless-- 7i7 ! sp\sal cons5t requirem5ts ( subsection 7e7 are met ) respect to any su* *ange1 or 7ii7 ! sp\sal cons5t "u subp>agraph 7,a7 to ! designation ( a b5efici>y o!r ?an ! sp\se expressly p]mits su* designation to be *ang$ )\t ! fur!r cons5t ( ! sp\se4 7e7 ,sp\sal cons5t requirem5ts 7#a7 ,9 g5]al ,= purposes ( ?is section1 except z provid$ 9 p>agraph 7#b71 ! sp\sal cons5t requirem5ts ( ?is subsection are met ) respect to any di/ribution or any designation or *ange ( b5efici>y if-- 7,a7 ! plan provides to ea* p>ticipant1 )9 a reasonable p]iod ( "t be=e su* di/ribution or designation or *ange ( b5efici>y is made & consi/5t ) su* regulations z ! ,secret>y ( ! ,treasury may prescribe1 a writt5 explanation ( ! rights ( ! p>ticipant & ! p>ticipant's sp\se "u ?is section2 7,b7 ! sp\se ( ! p>ticipant cons5ts 9 writ+ to ! di/ribution or designation or *ange ( b5efici>y2 7,c7 9 ! case ( a di/ribution1 ! writt5 cons5t "u subp>agraph 7,b7 is made dur+ ! cons5t p]iod2 & 7,d7 ! writt5 cons5t "u subp>agraph 7,b7-- 7i7 ackn[l$ges ! effect ( su* di/ribution or designation or *ange ( b5efici>y2 & 7ii7 is witness$ by a plan repres5tative or a not>y public4 7#b7 ,exceptions "u section #bje7;c77#b77;,b7 to apply ,! requirem5ts ( p>agraph 7#a7 7o!r ?an subp>agraph 7,a7 !re(7 %all n apply ) respect to any di/ribution or designation or *ange ( b5efici>y if a p>ticipant e/abli%es to ! satisfaction ( ! plan adm9i/rator t-- 7,a7 !re is no sp\se2 7,b7 ! p>ticipant & ! p>ticipant's sp\se h n be5 m>ri$ ?r\gh\t ! #a-ye> p]iod end+ on ! date ( ! di/ribution or designation or *ange ( b5efici>y2 or 7,c7 su* cons5t _c be obta9$ because-- 7i7 ! sp\se _c be locat$2 7ii7 due to exceptional circum/ances1 requir+ ! p>ticipant to seek ! sp\se's cons5t w\ld be inappropriate2 or 7iii7 ( su* o!r circum/ances z ! ,secret>y ( ! ,treasury may by regulations prescribe4 7#c7 ,cons5t limit$ to sp\se & ev5t ,any writt5 cons5t by a sp\se "u p>agraph 7#a71 or ! e/abli%m5t by a p>ticipant t an exception "u p>agraph 7#b7 applies ) respect to a sp\se1 %all be effective only ) respect to t sp\se & to ! di/ribution or designation or *ange ( b5efici>y to :i* x relates4 7#d7 ,cons5t p]iod ,= purposes ( ?is subsection1 ! t]m cons5t p]iod means1 ) respect to any di/ribution-- 7,a7 ! #ij-;day p]iod imm$iately prec$+ ! date ( su* di/ribution2 or 7,b7 su* o!r p]iod z ! ,secret>y ( ! ,treasury may provide4 7f7 ,dis*>ge ( plan f liability ,rules simil> to ! rules ( section #bje7;c77#f7 %all apply = purposes ( ?is section4 4 7b7 ,cl]ical am5dm5t ,! table ( sections ( "p #b ( subtitle ,b ( title ,i ( ! ,employee ,retirem5t ,income ,security ,act ( #aigd is am5d$ by ins]t+ aft] ! item relat+ to section #bje ! foll[+ new item3 ,sec4 #bje;,a4 ,additional sp\sal cons5t requirem5ts4 4 7c7 ,"r ( action ,section #ejb7;a7 ( ! ,employee ,retirem5t ,income ,security ,act ( #aigd 7#bi ,u4,s4,c4 #aacb7 is am5d$ by /rik+ or at ! end ( p>agraph 7#aj71 by /rik+ ! p]iod at ! end ( p>agraph 7#aa7 & ins]t+ 2 or1 & by add+ at ! end ! foll[+ new p>agraph3 7#ab7 by an individual = appropriate relief 9 ! case ( a violation ( ! individual's rights "u section #bje;,a4 4 7d7 ,p>allel am5dm5t to section #bje ,section #bje7;c77#b77;,b7 ( ! ,employee ,retirem5t ,income ,security ,act ( #aigd 7#bi ,u4,s4,c4 #ajee7;c77#b77;,b77 is am5d$ by ins]t+ 1 because due to exceptional circum/ances requir+ ! p>ticipant to seek ! sp\se's cons5t w\ld be inappropriate aft] locat$4 #d4 ,improv+ cov]age = long-t]m "p-"t work]s 7a7 ,9 g5]al ,section #bjb ( ! ,employee ,retirem5t ,income ,security ,act ( #aigd 7#bi ,u4,s4,c4 #ajeb7 is am5d$ by add+ at ! end ! foll[+ new subsection3 7c7 ,special rule = c]ta9 "p-,"t employees 7#a7 ,9 g5]al ,a p5sion plan t includes ei!r a qualifi$ ca% or def]r$ arrangem5t 7z def9$ 9 section #dja7k7 ( ! ,int]nal ,rev5ue ,code ( #aihf7 or a sal>y r$uction agreem5t 7z describ$ 9 section #djc7;b7 ( su* ,code7 %all n require1 z a condition ( p>ticipation 9 ! arrangem5t or agreem5t1 t an employee complete a p]iod ( s]vice ) ! employ] 7or employ]s7 ma9ta9+ ! plan ext5d+ beyond ! close ( ! e>li] (-- 7,a7 ! p]iod p]mitt$ "u subsection 7a77#a7 7det]m9$ )\t reg>d to subp>agraph 7,b77i7 !re(7 & section #daj7;a77#a7 ( su* ,code 7det]m9$ )\t reg>d to subp>agraph 7,b77i7 !re(72 or 7,b7 ! fir/ #bd-mon? p]iod-- 7i7 consi/+ ( #b consecutive #ab-mon? p]iods dur+ ea* ( :i* ! employee has at lea/ #ejj h\rs ( s]vice2 & 7ii7 by ! close ( :i* ! employee has atta9$ ! age ( #ba4 7#b7 ,exception ,p>agraph 7#a77;,b7 %all n apply to employees :o are includ$ 9 a unit ( employees cov]$ by an agreem5t :i* ! ,secret>y f9ds to be a collective b>ga9+ agreem5t betwe5 employee repres5tatives & #a or m employ]s1 if !re is evid5ce t retirem5t b5efits 7 ! subject ( good fai? b>ga9+ betwe5 su* employee repres5tatives & su* employ] or employ]s4 7#c7 ,coord9ation ) o!r rules ,9 ! case ( employees :o are n highly comp5sat$ employees 7)9 ! mean+ ( section #dad7q7 ( ! ,int]nal ,rev5ue ,code ( #aihf7 & :o are eligible to p>ticipate 9 ! arrangem5t or agreem5t solely by reason ( p>agraph 7#a77;,b73 7,a7 ,exclusions ,an employ] may elect to exclude su* employees f ! det]m9ation ( :e!r ! plan t includes ! arrangem5t or agreem5t satisfies ! requirem5ts ( subsections 7a77#d71 7k77#c71 7k77#ab71 7k77#ac71 7m77#b71 7m77#aa71 & 7m77#ab7 ( section #dja ( su* ,code1 section #daj7;b7 ( su* ,code1 & section #daf ( su* ,code4 ,if ! employ] s excludes su* employees ) respect to ! requirem5ts ( any su* provision1 su* employees %all be exclud$ ) respect to ! requirem5ts ( all su* provisions4 ,?is subp>agraph %all cease to apply to any employee z ( ! fir/ plan ye> beg9n+ aft] ! plan ye> 9 :i* ! employee completes #a ye> ( s]vice 7)\t reg>d to p>agraph 7#a77;,b7 ( ?is subsection74 7,b7 ,"t ( p>ticipation ,! rules ( subsection 7a77#d7 & section #daj7;a77#d7 ( ! ,int]nal ,rev5ue ,code ( #aihf %all apply to su* employees4 7#d7 #ab-mon? p]iod ,= purposes ( ?is subsection1 #ab-mon? p]iods %all be det]m9$ 9 ! same mann] z "u ! la/ s5t5ce ( subsection 7a77#c77;,a71 except t #ab-mon? p]iods beg9n+ be=e ,janu>y #a1 #bjai1 %all n be tak5 into acc\nt4 4 7b7 ,ve/+ ,section #bjc7;b7 ( ! ,employee ,retirem5t ,income ,security ,act ( #aigd 7#bi ,u4,s4,c4 #ajec7;a77 is am5d$ by r$esignat+ p>agraph 7#d7 z p>agraph 7#e7 & by ins]t+ aft] p>agraph 7#c7 ! foll[+ new p>agraph3 7#d7 ,"p-"t employees ,= purposes ( det]m9+ :e!r an employee :o is eligible to p>ticipate 9 a qualifi$ ca% or def]r$ arrangem5t or a sal>y r$uction agreem5t "u a plan solely by reason ( section #bjb7;c77#a77;,b7 has a non=feitable "r to employ] contributions-- 7,a7 except z provid$ 9 subp>agraph 7,b71 ea* #ab-mon? p]iod = :i* ! employee has at lea/ #ejj h\rs ( s]vice %all be treat$ z a ye> ( s]vice2 & 7,b7 #ab-mon? p]iods occurr+ be=e ! #bd-mon? p]iod describ$ 9 section #bjb7;c77#a77;,b7 %all n be treat$ z ye>s ( s]vice4 ,= purposes ( ?is p>agraph1 #ab-mon? p]iods %all be det]m9$ 9 ! same mann] z "u ! la/ s5t5ce ( section #bjb7;a77#c77;,a71 except t #ab-mon? p]iods beg9n+ be=e ,janu>y #a1 #bjai1 %all n be tak5 into acc\nt4 4 7c7 ,p5alty ,section #ejb ( ! ,employee ,retirem5t ,income ,security ,act ( #aigd 7#bi ,u4,s4,c4 #aacb7 is am5d$ by add+ at ! end ! foll[+ new subsection3 7n7 ,requirem5ts relat+ to "p-,"t employees ,9 ! case ( a plan t fails to p]mit p>ticipation z requir$ by section #bjb7;c71 ! ,secret>y may assess a civil p5alty aga9/ ! plan sponsor 9 an am\nt equal to #aj1jjj p] ye> p] employee to :om su* failure relates4 ,! ,secret>y may1 9 ! ,secret>y's sole discretion1 waive or r$uce ! p5alty "u ?is subsection if ! ,secret>y det]m9es t ! plan sponsor act$ reasonably & 9 good fai?4 4 #e4 ,effective dates 7a7 ,increas+ sp\sal protection "u def9$ contribution plans ,except z provid$ 9 subsections 7c7 & 7d71 ! am5dm5ts made by section #b %all apply to di/ributions & rollov] contributions made 9 plan ye>s beg9n+ aft] ! date t is #f mon?s aft] ! date ( ! enactm5t ( ?is ,act4 7b7 ,ensur+ cov]age = long-,t]m "p-,"t work]s ,except z provid$ 9 subsections 7c7 & 7d71 ! am5dm5ts made by section #c %all apply to plan ye>s beg9n+ aft] ,decemb] #ca1 #bjai4 7c7 ,collective b>ga9+ agreem5ts ,9 ! case ( a plan ma9ta9$ pursuant to "o or m collective b>ga9+ agreem5ts betwe5 employee repres5tatives & "o or m employ]s ratifi$ be=e ! date ( ! enactm5t ( ?is ,act1 ! am5dm5ts made by sections #b & #c %all n apply to di/ributions or rollov] contributions on behalf ( employees cov]$ by any su* agreem5t = plan ye>s beg9n+ be=e ! e>li] (-- 7#a7 ! lat] (-- 7,a7 ! date on :i* ! la/ ( su* collective b>ga9+ agreem5ts t]m9ates 7det]m9$ )\t reg>d to any ext5sion !re( on or aft] su* date ( ! enactm5t72 or 7,b7 ! day aft] ! date specifi$ 9 subsection 7a7 or 7b71 :i*ev] is applicable2 or 7#b7 ! date t is #c ye>s aft] ! applicable day describ$ 9 p>agraph 7#a77;,b74 7d7 ,provisions relat+ to plan am5dm5ts 7#a7 ,9 g5]al ,if ?is p>agraph applies to any plan or contract am5dm5t1 su* plan or contract %all be treat$ z be+ op]at$ 9 accordance ) ! t]ms ( ! plan dur+ ! p]iod describ$ 9 p>agraph 7#b77;,c74 7#b7 ,am5dm5ts to :i* p>agraph 7#a7 applies 7,a7 ,9 g5]al ,p>agraph 7#a7 %all apply to any am5dm5t to any plan or annuity contract :i* is made-- 7i7 pursuant to ! am5dm5ts made by section #b or #c or pursuant to any regulation issu$ "u ei!r su* section2 & 7ii7 on or be=e ! la/ day ( ! fir/ plan ye> beg9n+ on or aft] ! date t is #c ye>s aft] ! applicable day describ$ 9 subsection 7c77#a77;,b74 ,9 ! case ( a gov]nm5tal plan 7z def9$ 9 section #dad7;d7 ( ! ,int]nal ,rev5ue ,code ( #aihf71 ?is subp>agraph %all be appli$ by sub/itut+ #e ye>s = #c ye>s 9 clause 7ii74 7,b7 ,conditions ,subp>agraph 7,a7 %all n apply to any am5dm5t unless-- 7i7 ! plan or contract is op]at$ z if su* plan or contract am5dm5t 7 9 effect = ! p]iod describ$ 9 subp>agraph 7,c72 & 7ii7 su* plan or contract am5dm5t applies retroactively = su* p]iod4 7,c7 ,p]iod describ$ ,! p]iod describ$ 9 ?is subp>agraph is ! p]iod-- 7i7 beg9n+ on ! effective date specifi$ by ! plan2 & 7ii7 end+ on ! date describ$ 9 subp>agraph 7,a77ii7 7or1 if e>li]1 ! date ! plan or contract am5dm5t is adopt$74 #f4 ,access to indep5d5t consum] in=mation & und]/&+ 7a7 ,def9itions ,z us$ 9 ?is section-- 7#a7 ! t]m consum] means any p]son :o pur*ases or acquires any goods1 products1 s]vices1 or cr$it relat$ to ! retirem5t or lat] life economic security ( ! consum]2 & 7#b7 ! t]m f9ancial product or s]vice provid] means any p]son :o engages 9 ! bus9ess ( provid+ any retirem5t f9ancial product or s]vice to any consum]4 7b7 ,requir$ l9k to consum] aw>5ess in=mation ,9 any (f] = ! sale1 ex*ange1 or o!r transf] ( a retirem5t f9ancial product or s]vice to a consum] c>ri$ out by a f9ancial product or s]vice provid]1 su* provid] %all provide1 9 a mann] consi/5t ) subsection 7c71 an easily accessible l9k to ! website ( ! ,bureau ( ,consum] ,f9ancial ,protection 7,,cfpb7 at :i* ! consum] may access in=mation1 lit]ature1 guides1 programs1 tools1 /rategies1 or any o!r res\rce produc$ by ! ,,cfpb or o!r ,f$]al ag5cy relat+ to retirem5t plann+ or lat] life economic security4 7c7 ,det]m9ation ,9 ord] to ensure t ! requirem5t "u subsection 7b7 is effectively c>ri$ out1 ! ,f9ancial ,lit]acy & ,education ,commission 7,,flec7 %all det]m9e & publi% on its website ! appropriate l9k to ! ,,cfpb's website = access to ! ,,cfpb's & o!r ,f$]al ag5cies' consum] education mat]ials1 ! pref]r$ =mat ( su* l9k1 & any accompany+ description ( ! ,,cfpb & ! consum] education mat]ials associat$ ) su* l9k4 #g4 ,grants to promote f9ancial lit]acy = wom5 7a7 ,au?orization ( grant aw>ds ,! ,secret>y ( ,labor1 act+ ?r\gh ! ,director ( ! ,wom5's ,bureau1 %all aw>d grants on a competitive basis to eligible entities to enable su* entities to improve ! f9ancial lit]acy ( wom5 :o are work+ age or 9 retirem5t1 to increase ! likelihood ( ! wom5 realiz+ a secure & /able retirem5t4 7b7 ,def9ition ( eligible entity ,9 ?is section1 ! t]m eligible entity means a community-bas$ organization ) prov5 exp]i5ce & exp]tise 9 s]v+ work+-age or retir$ wom54 7c7 ,application ,an eligible entity t desires to receive a grant "u ?is section %all submit an application to ! ,secret>y ( ,labor at su* "t1 9 su* mann]1 & accompani$ by su* in=mation z su* ,secret>y may require4 7d7 ,m9imum grant am\nt ,! ,secret>y ( ,labor %all aw>d grants "u ?is section 9 am\nts ( n less ?an #bej1jjj4 7e7 ,use ( funds ,an eligible entity t receives a grant "u ?is section %all use ! grant funds to develop & implem5t f9ancial lit]acy education1 & relat$ activities includ+ outrea*1 aw>5ess build+1 & c\nsel+ to increase wom5's k ( retirem5t plann+ & consum]1 economic1 & p]sonal f9ancial concepts4 7f7 ,au?orization ( appropriations ,!re is au?oriz$ to be appropriat$ to c>ry out ?is section #ajj1jjj1jjj = fiscal ye> #bjbj & ea* succe$+ fiscal ye>4 #h4 ,grants to assi/ l[-income wom5 & survivors ( dome/ic viol5ce 9 obta9+ qualifi$ dome/ic relations ord]s 7a7 ,au?orization ( grant aw>ds ,! ,secret>y ( ,labor1 act+ ?r\gh ! ,director ( ! ,wom5's ,bureau 9 conjunction ) ! ,assi/ant ,secret>y ( ! ,employee ,b5efits ,security ,adm9i/ration1 %all aw>d grants1 on a competitive basis1 to eligible entities to enable su* entities to assi/ l[-income wom5 & survivors ( dome/ic viol5ce 9 obta9+ qualifi$ dome/ic relations ord]s & ensur+ t ^? wom5 actually obta9 ! b5efits to :i* !y are entitl$ ?r\gh ^? ord]s4 7b7 ,def9ition ( eligible entity ,9 ?is section1 ! t]m 8eligible entity0 means a community-bas$ organization ) prov5 exp]i5ce & exp]tise 9 s]v+ wom5 & ! f9ancial & retirem5t ne$s ( wom54 7c7 ,application ,an eligible entity t desires to receive a grant "u ?is section %all submit an application to ! ,secret>y ( ,labor at su* "t1 9 su* mann]1 & accompani$ by su* in=mation z ! ,secret>y ( ,labor may require4 7d7 ,m9imum grant am\nt ,! ,secret>y ( ,labor %all aw>d grants "u ?is section 9 am\nts ( n less ?an #bej1jjj4 7e7 ,use ( funds ,an eligible entity t receives a grant "u ?is section %all use ! grant funds to develop programs to (f] help to l[-income wom5 or survivors ( dome/ic viol5ce :o ne$ assi/ance 9 prep>+1 obta9+1 & effectuat+ a qualifi$ dome/ic relations ord]4 7f7 ,au?orization ( appropriations ,!re is au?oriz$ to be appropriat$ to c>ry out ?is section #ajj1jjj1jjj = fiscal ye> #bjbj & ea* succe$+ fiscal ye>4