,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #hffj  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,octob] #bc1 #bjbj,mr4
 ,evans introduc$ ! foll[+ bill2 :i* 0  
ref]r$ to ! ,committee on ,education &  
,labor  ,a ,,bill  ,to direct !         
,secret>y ( ,labor to modify regulations
 to all[ ! use ( p]=mance b5*m>ks 9 !   
case ( designat$ inve/m5t alt]natives1 &
 = o!r purposes4  #a4 ,p]=mance b5*m>ks 
= asset allocation funds  7a7 ,9 g5]al  
,n lat] ?an #f mon?s aft] ! date ( !    
enactm5t ( ?is ,act1 ! ,secret>y (      
,labor 7or ! ,secret>y's delegate7 %all 
modify ! regulations "u section #djd ( !
 ,employee ,retirem5t ,income ,security 
,act ( #aigd 7#bi ,u4,s4,c4 #aajd7 to   
provide t1 9 ! case ( a designat$       
inve/m5t alt]native :i* conta9s a mix ( 
asset classes1 a plan adm9i/rator may1 b
 is n requir$ to1 use a b5*m>k :i* is a 
bl5d ( diff]5t broad-bas$ securities    
m>ket indices if-- 7#a7 ! bl5d is       
reasonably repres5tative ( ! asset class
 hold+s ( ! designat$ inve/m5t          

alt]native2  7#b7 = purposes ( det]m9+ !
 bl5d's returns = #a-1 #e-1 &           
#aj-;cal5d>-ye> p]iods 7or = ! life ( ! 
alt]native1 if %ort]71 ! bl5d is modifi$
 at lea/ once p] ye> to reflect *anges 9
 ! asset class hold+s ( ! designat$     
inve/m5t alt]native2  7#c7 ! bl5d is    
furni%$ to p>ticipants & b5efici>ies 9 a
 mann] t is reasonably design$ to be    
und]/&able & helpful2 &  7#d7 ea*       
securities m>ket index :i* is us$ = an  
associat$ asset class w\ld sep>ately    
satisfy ! requirem5ts ( su* regulations 
= su* asset class4  7b7 ,/udy ,n lat]   
?an ,decemb] #ca1 #bjba1 ! ,secret>y (  
,labor 7or ! ,secret>y's delegate7 %all 
deliv] a report to ! ,committees on     
,ways & ,means & ,education & ,labor ( !
 ,h\se ( ,repres5tatives & ! ,committees
 on ,f9ance & ,heal?1 ,education1       
,labor1 & ,p5sions ( ! ,s5ate reg>d+ !  
effectiv5ess ( ! b5*m>k+ requirem5ts "u 
section #beej4djd;a-#e ( title #bi1     
,code ( ,f$]al ,regulations4