,,ii #aah? ,,congress #b;d ,session ,s4 #dcbh ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,may #ad1 #bjbd,mr4 ,cassidy introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,heal?1 ,education1 ,labor1 & ,p5sions ,a ,,bill ,to require any labor organization t is or w\ld be ! collective b>ga9+ repres5tative = any employees to provide in=mation reg>d+ ! am\nt ( funds 9 any def9$ b5efit plan ( ! labor organization be=e any labor organization election1 & = o!r purposes4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,mak+ ,all ,fund ,in=mation ,available ,act4 #b4 ,requirem5t = labor organizations to provide in=mation reg>d+ def9$ b5efit plans be=e any labor organization election 7a7 ,def9itions ,9 ?is ,act3 7#a7 ,b5efici>y ,! t]m b5efici>y has ! mean+ giv5 ! t]m 9 section #c ( ! ,employee ,retirem5t ,income ,security ,act ( #aigd 7#bi ,u4,s4,c4 #ajjb74 7#b7 ,def9$ b5efit plan ,! t]m def9$ b5efit plan has ! mean+ giv5 ! t]m 9 su* section ( su* ,act 7#bi ,u4,s4,c4 #ajjb74 7#c7 ,employee1 employ] ,! t]ms employee & employ] h ! mean+s giv5 su* t]ms 9 section #b ( ! ,national ,labor ,relations ,act 7#bi ,u4,s4,c4 #aeb74 7#d7 ,labor organization ,! t]m labor organization has ! mean+ giv5 ! t]m 9 su* section ( su* ,act 7#bi ,u4,s4,c4 #aeb74 7#e7 ,labor organization election ,! t]m labor organization election means any election describ$ 9 section #i ( ! ,national ,labor ,relations ,act 7#bi ,u4,s4,c4 #aei71 includ+ an election = dec]tification describ$ 9 subsection 7e7 ( su* section4 7#f7 ,p>ticipant ,! t]m p>ticipant has ! mean+ giv5 ! t]m 9 section #c ( ! ,employee ,retirem5t ,income ,security ,act ( #aigd 7#bi ,u4,s4,c4 #ajjb74 7b7 ,requirem5t ,to provide c]ta9 in=mation reg>d+ a def9$ b5efit plan 7#a7 ,9 g5]al ,a labor organization t is ! repres5tative ( employees ( an employ] = purposes ( collective b>ga9+ 9 accordance ) section #i7;a7 ( ! ,national ,labor ,relations ,act 7#bi ,u4,s4,c4 #aei7;a77 dur+ a labor organization election1 or t w\ld become su* a repres5tative ( su* employees aft] a labor organization election1 %all-- 7,a7 n few] ?an #c days be=e ! date ( su* labor organization election1 provide to su* employees ! notice describ$ 9 p>agraph 7#b7 reg>d+ any def9$ b5efit plan t is or w\ld be available = enrollm5t by ! employees because ( repres5tation by ! labor organization = purposes ( collective b>ga9+2 & 7,b7 9 ! case ( su* a def9$ b5efit plan t has a p]c5tage ( plan liabilities describ$ 9 p>agraph 7#b77;,a77i7 t is less ?an #ajj p]c5t1 provide to su* employees access to a f9ancial exp]t 7describ$ 9 p>agraph 7#c77 :o is1 = ! #c days imm$iately prec$+ ! date ( su* labor organization election1 able to answ] que/ions reg>d+ su* def9$ b5efit plan4 7#b7 ,notice 7,a7 ,9 g5]al ,! notice describ$ 9 ?is p>agraph is a /atem5t t1 ) respect to a def9$ b5efit plan describ$ 9 p>agraph 7#a77;,a71 provides-- 7i7 ! p]c5tage ( plan liabilities fund$1 calculat$ z ! ratio betwe5 ! value ( ! plan's assets & liabilities1 z ( ! end ( ! mo/ rec5tly complet$ plan ye>2 7ii7 9 ! case ( an employee :o is n a p>ticipant 9 a def9$ b5efit plan describ$ 9 p>agraph 7#a77;,a71 ! p]c5tage ( ea* doll> ( contribution by ! employee1 if ! employee enrolls 9 su* a plan1 t-- 7,i7 w\ld be us$ to provide b5efits to ! employee 7or a b5efici>y ( ! employee72 & 7,,ii7 w\ld be us$ to provide b5efits to p>ticipants ( ! def9$ b5efit plan 7or _! b5efici>ies7 :o are enroll$ z ( ! date on :i* ! labor organization election describ$ 9 p>agraph 7#a7 occurs2 & 7iii7 9 ! case ( a p]c5tage ( plan liabilities describ$ 9 clause 7i7 t is less ?an #ajj p]c5t-- 7,i7 ! ratio betwe5 ! e/imat$ mon?ly b5efit t a p>ticipant or b5efici>y w\ld receive at normal retirem5t age "u ! def9$ b5efit plan & ! e/imat$ mon?ly b5efit t a p>ticipant or b5efici>y w\ld receive at normal retirem5t age "u ! def9$ b5efit plan if su* p]c5tage ( plan liabilities 0 #ajj p]c5t2 & 7,,ii7 ! e/imat$ am\nt ( ! mon?ly b5efit am\nt t w\ld be paid by ! ,p5sion ,b5efit ,gu>anty ,corporation if ! plan is t]m9at$ ) insuffici5t assets to pay b5efits4 7,b7 ,in=mation provid$ 9 an annual report ,! notice describ$ 9 subp>agraph 7,a7 may quote1 9 pla9 language1 f ! mo/ rec5tly fil$ annual report provid$ to ! ,secret>y ( ,labor or ! ,p5sion ,b5efit ,gu>anty ,corporation "u section #ajd or #djfe ( ! ,employee ,retirem5t ,income ,security ,act ( #aigd 7#bi ,u4,s4,c4 #ajbd1 #acfe7 ) respect to ! def9$ b5efit plan describ$ 9 p>agraph 7#a77;,a74 7#c7 ,f9ancial exp]t ,a f9ancial exp]t provid$ by a labor organization 9 accordance ) p>agraph 7#a77;,b7-- 7,a7 %all be-- 7i7 indep5d5t f ! def9$ b5efit plan describ$ 9 p>agraph 7#a77;,a7 & ! labor organization2 & 7ii7 provid$ at no co/ to ! employees2 7,b7 may n be comp5sat$ us+ any assets ( ! def9$ b5efit plan4 7#d7 ,availability ( mat]ials aft] election 7,a7 ,9 g5]al ,n lat] ?an #cj days aft] a labor organization election describ$ 9 p>agraph 7#a71 a labor organization %all provide to ! ,(fice ( ,labor-,managem5t ,/&>ds all writt5 mat]ials 7includ+ ! notice provid$ "u p>agraph 7#a77;,a771 in/ructions1 or h&\ts provid$ to employees ) respect to ! requirem5ts ( ?is ,act4 7,b7 ,public availability ,n lat] ?an #cj days aft] receiv+ any writt5 mat]ials1 in/ructions1 or h&\ts "u subp>agraph 7,a71 ! ,(fice ( ,labor-,managem5t ,/&>ds %all make su* mat]ials1 in/ructions1 or h&\ts publicly available on ! website ( ! ,(fice ( ,labor-,managem5t ,/&>ds4 7c7 ,en=cem5t 7#a7 ,crim9al p5alties = mislead+ or false /atem5ts 7,a7 ,(f5se ,x %all be unlawful = any p]son to lie to or mislead an employee 9 any notice provid$ "u subsection 7b77#a77;,a7 or ) respect to any answ]s provid$ "u subsection 7b77#a77;,b74 7,b7 ,p5alty ,any p]son :o violates subp>agraph 7,a7 %all be f9$ "u title #ah1 ,unit$ ,/ates ,code1 imprison$ = n m ?an #e ye>s1 or bo?4 7#b7 ,private "r ( action ,any employee :o is adv]sely affect$ by an alleg$ violation ( subsection 7b7 may comm5ce a civil action aga9/ any p]son t violates su* section 9 any c\rt ( compet5t jurisdiction = actual damages4 ,! c\rt may aw>d co/s & exp5ses1 includ+ attorney's fees1 to an employee 9 a prevail+ action "u ?is p>agraph4 7#c7 ,ref]ral ,if ! ,assi/ant ,secret>y ( ,labor = ,employee ,b5efits ,security obta9s evid5ce t any p]son has engag$ 9 conduct t may con/itute a violation ( p>agraph 7#a77;,a71 ! ,assi/ant ,secret>y %all-- 7,a7 ref] ! matt] to ! ,attorney ,g5]al = prosecution "u su* p>agraph2 & 7,b7 provide su* evid5ce to ! ,national ,labor ,relations ,bo>d4 7#d7 ,en=cem5t by ! ,,nlrb ,section #i ( ! ,national ,labor ,relations ,act 7#bi ,u4,s4,c4 #aei7 is am5d$ by add+ at ! end ! foll[+3 7f7 ,9 any case 9 :i* ! ,bo>d det]m9es t ! results ( an election "u ?is section 7 influ5c$ by conduct t may con/itute a violation ( section #b7;c77#a77;,a7 ( ! ,mak+ ,all ,fund ,in=mation ,available ,act or t a labor organization t is1 or w\ld become1 ! repres5tative ( employees aft] su* an election violat$ section #b7;b77#a7 ( su* ,act-- 7#a7 ! election %all be invalid2 7#b7 ! ,bo>d %all set aside ! results ( su* election2 & 7#c7 a new election may n be held unless ! ,assi/ant ,secret>y ( ,labor = ,employee ,b5efits ,security det]m9es t ! labor organization has fulfill$ ! requirem5ts ( section #b7;b77#a7 ( su* ,act4 4