The Fair Disclosure for Retirement Security Act of 2009 (H.R. 1984) would give the U.S. Department of Labor the authority to:
The bill would also require the Department of Labor to study the current reporting and disclosure requirements of the Employee Retirement Income Security Act of 1974. The Department would be required to submit a report to Congress with recommendations to improve the current reporting and disclosure requirements to ensure that understandable information is provided to participants and beneficiaries.
Read about the Department of Labor’s oversight in Section 4 of the Fair Disclosure for Retirement Security Act of 2009 (H.R. 1984).
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