To amend the Employee Retirement Income Security Act of 1974 to provide that persons are fiduciaries with respect to the provision of retirement investment advice.
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Summary
Based on the bill's title, this measure would amend the Employee Retirement Income Security Act of 1974 (ERISA) to establish that persons providing retirement investment advice are fiduciaries. This would impose heightened legal duties and responsibilities on advisors who give retirement investment guidance. The bill was referred to the House Committee on Education and Workforce but the full text is not available.
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