,,ib ,union ,cal5d> ,no4 #dcj #aai?     
,,congress  #b;d ,session  ,h4 ,r4 #bieh
 ,report ,no4 #aai-ejd ,,9 ,,! ,,h\se   
,,( ,,repres5tatives  ,april #ag1       
#bjbe,mr4 ,rulli introduc$ ! foll[+     
bill2 :i* 0 ref]r$ to ! ,committee on   
,education & ,work=ce  ,febru>y #bj1    
#bjbf;,additional sponsor3 ,mrs4        
,mc,clain  ,febru>y #bj1 #bjbf,report$ )
 an am5dm5t1 committ$ to ! ,committee ( 
! ,:ole ,h\se on ! ,/ate ( ! ,union1 &  
ord]$ to be printed,strike out all aft] 
! enact+ clause & ins]t ! "p pr9t$ 9    
italic,for text ( introduc$ bill1 see   
copy ( bill z introduc$ on ,april #ag1  
#bjbe  ,a ,,bill  ,to am5d ! ,employee  
,retirem5t ,income ,security ,act (     
#aigd to require t ! ,employee ,b5efit  
,security ,adm9i/ration submit an annual
 report to ,congress on adv]se int]e/   
agreem5ts1 & = o!r purposes4  #a4 ,%ort 
title ,?is ,act may be cit$ z ! ,balance
 ! ,scales ,act4  #b4 ,report on adv]se 
int]e/ agreem5ts  7a7 ,9 g5]al ,section 
#ejd ( ! ,employee ,retirem5t ,income   

,security ,act ( #aigd 7#bi ,u4,s4,c4   
#aacd7 is am5d$ by add+ at ! end !      
foll[+3  7f7 ,collaboration ) pla9tiff  
attorneys  7#a7 ,9 g5]al ,9 ! ev5t t !  
,secret>y provides adv]se assi/ance to  
an individual1 prior to provid+ ! adv]se
 assi/ance1 ! ,secret>y %all-- 7,a7 ent]
 into a writt5 agreem5t ) ! individual t
 details ! nature & scope ( su*         
assi/ance1 &  7,b7 provide a copy ( su* 
agreem5t to any employ]1 plan sponsor1  
or fiduci>y t may be directly & adv]sely
 impact$ by su* assi/ance4  7#b7 ,adv]se
 assi/ance def9$ ,= purposes ( ?is      
subsection1 ! t]m adv]se assi/ance means
 assi/ance or advice1 includ+ !         
disclosure ( in=mation z describ$ 9     
subsection 7a71 t is direct$            
specifically t[>d an attorney = pot5tial
 use 9 a civil action "u section        
#ejb7;a74  7#c7 ,report  7,a7 ,9 g5]al  
,n lat] ?an #fj days aft] ! date (      
enactm5t ( ?is subsection1 & by ,decemb]
 #ca ( ea* ye> t beg9s aft] su* date1 ! 
,secret>y %all submit to ,congress a    

report conta9+ in=mation on all         
agreem5ts to provide adv]se assi/ance 9 
effect = ! prec$+ fiscal ye>1 includ+1 9
 relation to ea* su* agreem5t-- 7i7 a   
copy ( ! agreem5t1 ) any in=mation      
describ$ 9 subp>agraph 7,b77ii7 r$act$2 
7ii7 ! date ! agreem5t 0 ent]$ into2    
7iii7 a detail$ description ( ! nature &
 scope ( ! assi/ance provid$ dur+ !     
fiscal ye>1 includ+-- 7,i7 ! in=mation  
%>$1 includ+ ! s\rce1 type1 & am\nt ( ! 
in=mation1 & ! date on :i* su* in=mation
 0 %>$2  7,,ii7 a log ( v]bal           
communications1 includ+-- 7aa7 ! date ( 
ea* communication2  7bb7 ! p>ties engag$
 9 su* communication2  7cc7 ! mode (    
communication2 &  7dd7 ! nature ( any   
in=mation %>$2 &  7,,iii7 a log (       
meet+s1 includ+-- 7aa7 ! date ( ea*     
meet+2  7bb7 ! p>ties pres5t at ! meet+2
  7cc7 mode ( ! meet+2 &  7dd7 ! purpose
 ( su* meet+ & ! nature ( any in=mation 
%>$2 &  7iv7 an explanation ( h[ su*    
agreem5t is consi/5t ) ! public policy (
 promot+ ! volunt>y sponsor%ip (        

employee b5efit plans subject to ?is    
,act4  7,b7 ,id5tify+ in=mation ,!      
report describ$ "u subp>agraph 7,a7--   
7i7 %all id5tify ! p>ties to ea*        
agreem5t2 &  7ii7 may n include any     
in=mation t may be us$ to id5tify any   
o!r p]son 7includ+ an employ]1 plan     
sponsor1 plan fiduci>y1 s]vice provid]1 
or any o!r pot5tial def5dant74  4  7b7  
,effective date  7#a7 ,9 g5]al ,subject 
to subsection 7b71 ! am5dm5ts made by   
?is section %all apply to any adv]se    
assi/ance provid$ on or aft] ! date (   
enactm5t ( ?is ,act4  7#b7 ,exi/+       
agreem5ts ,= ! purposes ( p>agraph 7#a7 
( section #ejd7;f7 7z add$ by ?is       
section7 ( ! ,employee ,retirem5t       
,income ,security ,act 7#bi ,u4,s4,c4   
#aacd7;f771 if1 n lat] ?an #fj days aft]
 ! date ( enactm5t ( ?is ,act1 !        
,secret>y ( ,labor takes ! actions      
requir$ 9 subp>agraphs 7,a7 & 7,b7 ( su*
 p>agraph 9 relation to an exi/+        
arrangem5t to provide adv]se assi/ance1 
! ,secret>y %all be deem$ to h tak5 su* 

actions prior to provid+ su* adv]se     
assi/ance4  #c4 ,private p5sion plans z 
integral to ! cont9u$ well-be+ &        
security ( employees & _! dep5dants     
,section #b ( ! ,employee ,retirem5t    
,income ,security ,act ( #aigd 7#bi     
,u4,s4,c4 #ajja7 is am5d$ by add+ at !  
end ! foll[+3  7d7 ,congress f9ds t !   
retirem5t security ( millions (         
employees & _! dep5d5ts is directly     
impact$ by ! volunt>y sponsor%ip &      
ma9t5ance ( p5sion plans4 ,x is h]eby   
decl>$ to be a policy ( ?is ,act to     
promote1 enc\rage1 & facilitate !       
volunt>y e/abli%m5t & ma9t5ance (1 &    
contribution to1 su* plans4  4  ,febru>y
 #bj1 #bjbf,report$ ) an am5dm5t1       
committ$ to ! ,committee ( ! ,:ole ,h\se
 on ! ,/ate ( ! ,union1 & ord]$ to be   
pr9t$