,i  #aag? ,,congress  #b;d ,session  ,h4
 ,r4 #ieae  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,decemb] #ac1         
#bjbb,mr4 ,morelle introduc$ ! foll[+   
bill2 :i* 0 ref]r$ to ! ,committee on   
,education & ,labor  ,a ,,bill  ,to am5d
 ! ,employee ,retirem5t ,income         
,security ,act ( #aigd4  #a4 ,%ort title
 ,?is ,act may be cit$ z ! ,g5]al       
,acc\nts ,product ,cl>ifications ,act4  
#b4 ,application ( ,,erisa to insurance 
company g5]al acc\nts & g5]al acc\nt    
contracts  7a7 ,section #c7ba7 ( !      
,employee ,retirem5t ,income ,security  
,act ( #aigd 7#bi ,u4,s4,c4 #ajjb7ba77  
is am5d$--  7#a7 9 subp>agraph 7,a71 by 
/rik+ subp>agraph 7,b7 & ins]t+         
subp>agraphs 7,b7 & 7,c72 &  7#b7 by    
add+ ! foll[+ new subp>agraph 7,c73     
7,c7 ,if any money or o!r prop]ty ( an  
employee b5efit plan is contribut$ to a 
g5]al acc\nt policy 7z def9$ 9 section  
#dja7;b77#b77;,b77 (f]$ by an insur]1   
su* contribution %all n by itself cause 
su* insur] to be deem$ to be a fiduci>y 

or a p>ty 9 int]e/ z ^? t]ms are def9$ 9
 ?is title1 except ins(> z su* insur]   
acts 9 connection ) an employee b5efit  
plan cov]+ employees ( ! insur]4 ,no?+  
conta9$ 9 ?is subp>agraph %all limit !  
duties impos$ on su* insur] by any o!r  
law4  4  7b7 ,section #dja ( ! ,employee
 ,retirem5t ,income ,security ,act (    
#aigd 7#bi ,u4,s4,c4 #aaja7 is am5d$--  
7#a7 by am5d+ subsection 7b77#b7 to read
 z foll[s3  7#b7 ,9 ! case ( a plan :i* 
contributes to a g5]al acc\nt policy    
(f]$ by an insur]1 ! assets ( su* plan  
%all be deem$ to include ! insurance    
promises & gu>antees grant$ to ! plan "u
 su* policy1 subject to any res]v$      
rights ( ! insur]1 b %all n be deem$ to 
include ! g5]al acc\nt policy1 any      
contractual rights res]v$ to ! insur] "u
 su* policy1 or any o!r assets ( !      
insur]4 ,= purposes ( ?is p>agraph3     
7,a7 ,! t]m insur] means an insurance   
company1 insurance s]vice1 or insurance 
organization1 qualifi$ to d bus9ess 9 a 
,/ate4  7,b7 ,! t]m g5]al acc\nt policy 

means an insurance policy or contract   
(f]$ by an insur] to ! ext5t t su*      
policy or contract allocates am\nts to !
 insur]'s g5]al acc\nt1 includ+ any     
surplus 9 a sep>ate acc\nt b exclud+ any
 o!r portion ( a sep>ate acc\nt4  2 &   
7#b7 by /rik+ subsection 7c74  7c7      
,effective date ,! am5dm5ts made by ?is 
section %all be giv5 retroactive effect 
& %all apply effective z ( ! date t is  
six ye>s prior to ! date ( enactm5t4