S. 267 - Lifetime Income Disclosure Act

Labor and employment. 112th Congress (2011-2012) View bill details
Sponsor:
Summary:
A bill to amend the Employee Retirement Income Security Act of 1974 to require a lifetime income disclosure. (by CRS) 
Status:
The bill has been introduced. 
There have been no votes on this bill.

Lifetime Income Disclosure Act

S. 267 — 112th Congress (2011–2012)

Summary
A bill to amend the Employee Retirement Income Security Act of 1974 to require a lifetime income disclosure. (by CRS)
Learn More
At OpenCongress
Title
A bill to amend the Employee Retirement Income Security Act of 1974 to require a lifetime income disclosure.
Other Titles
  • Lifetime Income Disclosure Act
Sponsor
Jeff Bingaman
Co-Sponsors
Subjects
  • Labor and employment
  • Administrative law and regulatory procedures
  • Department of Labor
  • Employee benefits and pensions
  • Government information and archives
Related Bills
Major Actions
Introduced2/03/2011
Referred to Committee
Bill History

There have been no votes on this bill.

ActionDateDescription
Introduced2/03/2011
2/03/2011Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
NumberSponsorDate OfferedStatus
scale for bar graph of contributions

Contributions

  1. January - February 2007 For $337,299 Against $133,350
  2. March - April 2007 For $639,864 Against $534,400
  3. May - June 2007 For $631,952 Against $606,994
  4. July - August 2007 For $305,254 Against $199,318
  5. September - October 2007 For $523,968 Against $542,931
  6. November - December 2007 For $629,161 Against $611,599
  7. January - February 2008 For $326,245 Against $227,160
  8. March - April 2008 For $592,563 Against $416,054
  9. May - June 2008 For $821,383 Against $653,527
  10. July - August 2008 For $566,326 Against $322,643
  11. September - October 2008 For $1,295,001 Against $659,061
  12. November - December 2008 For $270,743 Against $155,587
  13. January - February 2009 For $237,808 Against $182,170
  14. March - April 2009 For $437,430 Against $530,050
  15. May - June 2009 For $559,249 Against $769,556
  16. July - August 2009 For $274,275 Against $328,970
  17. September - October 2009 For $505,495 Against $748,460
  18. November - December 2009 For $416,390 Against $896,110
  19. January - February 2010 For $452,210 Against $609,822
  20. March - April 2010 For $810,313 Against $1,227,224
  21. May - June 2010 For $976,147 Against $872,260
  22. July - August 2010 For $732,818 Against $491,054
  23. September - October 2010 For $1,721,206 Against $1,576,368
  24. November - December 2010 For $272,840 Against $258,020
  25. January - February 2011 For $445,339 Against $303,780
  26. March - April 2011 For $966,535 Against $739,527
  27. May - June 2011 For $1,063,610 Against $730,629
  28. July - August 2011 For $430,486 Against $292,490
  29. September - October 2011 For $651,385 Against $562,885
  30. November - December 2011 For $654,229 Against $570,325
  31. January - February 2012 For $457,665 Against $431,439
  32. March - April 2012 For $796,113 Against $564,738
  33. May - June 2012 For $925,246 Against $692,670
  34. July - August 2012 For $762,144 Against $414,925
  35. September - October 2012 For $1,038,098 Against $751,877
  36. November - December 2012 For $208,144 Against $123,933

Votes

    5 Organizations Supported and 1 Opposed; See Which Ones

    Organizations that took a position on
    Lifetime Income Disclosure Act

    5 organizations supported this bill

    American Association of Retired Persons
    AARP (2011, April 1). AARP CEO, President Appear Before House Subcommittees. Retrieved July 8, 2011, from American Association of Retired Persons.
    American Council of Life Insurers
    ACLI (2011, April 11). ACLI Promotes Lifetime Income Disclosure Act During National Retirement Planning Week. Retrieved July 8, 2011, from American Council of Life Insurers.
    Insured Retirement Institute
    IRI (2011, February 3). IRI Offers Support for “Lifetime Income Disclosure Act”. Retrieved July 8, 2011, from Insured Retirement Institute.
    JPMorgan Chase
    JP Morgan (n.d.). Legislative and regulatory update: Retirement income a hot topic on "the Hill". Retrieved July 8, 2011, from JP Morgan.
    U.S. Women's Chamber of Commerce
    Representative Holt, Rush (2011, February 14). Holt, Petri Introduce Bipartisan Legislation to Help Prepare American Workers for Retirement . Retrieved July 8, 2011, from Representative Rush Holt.

    1 organization opposed this bill

    Investment Company Institute
    Schott Stevens, Paul (2011, February 11). Dear Chairman Harkin and Ranking Member Enzi:. Retrieved July 8, 2011, from ICI.

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    Includes reported contributions to congressional campaigns of Senators in office during the 112th U.S. Congress, from interest groups invested in the vote according to MapLight, January 1, 2007 – December 31, 2012.
    Contributions data source: OpenSecrets.org

    Contributions by Legislator

    Namesort iconPartyState$ From Interest Groups
    That Supported
    $ From Interest Groups
    That Opposed
    Daniel K. AkakaDHI$8,000$0
    Andrew Lamar AlexanderRTN$96,750$159,216
    Kelly AyotteRNH$86,330$228,496
    John BarrassoRWY$162,450$92,550
    Max BaucusDMT$302,930$287,850
    Mark BegichDAK$47,150$71,112
    Michael BennetDCO$179,950$460,628
    Jesse "Jeff" BingamanDNM$5,000$8,000
    Richard BlumenthalDCT$53,840$265,250
    Roy BluntRMO$379,672$425,229
    John BoozmanRAR$82,900$55,447
    Barbara BoxerDCA$1,223,042$169,840
    Scott BrownRMA$490,068$1,474,917
    Sherrod BrownDOH$481,439$121,600
    Richard BurrRNC$291,057$184,045
    Maria CantwellDWA$107,900$116,429
    Ben CardinDMD$123,500$190,361
    Tom CarperDDE$267,640$150,400
    Bob CaseyDPA$154,780$246,386
    Clarence Saxby ChamblissRGA$290,998$139,900
    Daniel CoatsRIN$116,550$149,997
    Tom CoburnROK$78,500$59,650
    William Thad CochranRMS$35,150$4,500
    Susan CollinsRME$200,763$185,000
    Gaylord Kent ConradDND$57,050$12,600
    Chris CoonsDDE$95,600$47,950
    Bob CorkerRTN$470,940$487,310
    John CornynRTX$326,323$294,875
    Mike CrapoRID$236,282$215,983
    Jim DeMintRSC$123,160$120,233
    Dick DurbinDIL$171,250$222,100
    John EnsignRNV$23,700$57,300
    Mike EnziRWY$98,800$88,250
    Dianne FeinsteinDCA$305,021$125,000
    Alan FrankenDMN$44,387$227,902
    Kirsten GillibrandDNY$1,844,126$1,341,793
    Lindsey GrahamRSC$113,198$88,800
    Chuck GrassleyRIA$170,450$98,750
    Kay HaganDNC$659,288$136,794
    Tom HarkinDIA$124,980$124,480
    Orrin HatchRUT$289,000$361,550
    John HoevenRND$97,200$57,100
    Kay Bailey HutchisonRTX$25,000$22,350
    Jim InhofeROK$75,200$17,450
    Dan InouyeDHI$70,975$25,150
    Johnny IsaksonRGA$182,900$112,450
    Mike JohannsRNE$172,050$62,054
    Ron JohnsonRWI$79,175$105,278
    Tim JohnsonDSD$398,602$240,152
    John KerryDMA$146,474$144,250
    Mark KirkRIL$271,489$804,097
    Amy KlobucharDMN$385,155$103,483
    Herb KohlDWI$0$0
    Jon KylRAZ$36,700$12,800
    Mary LandrieuDLA$285,000$120,983
    Frank LautenbergDNJ$62,700$232,500
    Patrick LeahyDVT$40,450$27,100
    Mike LeeRUT$43,550$20,166
    Carl LevinDMI$66,900$70,150
    Joe LiebermanICT$6,500$14,200
    Dick LugarRIN$43,900$73,350
    Joe ManchinDWV$148,300$76,350
    John McCainRAZ$75,875$132,175
    Claire McCaskillDMO$1,342,383$225,141
    Addison "Mitch" McConnellRKY$557,775$690,326
    Bob MenéndezDNJ$228,250$304,836
    Jeff MerkleyDOR$69,351$111,617
    Barbara MikulskiDMD$110,042$69,782
    Jerry MoranRKS$195,534$79,800
    Lisa MurkowskiRAK$43,720$39,250
    Patty MurrayDWA$520,857$93,932
    Earl "Ben" NelsonDNE$169,147$48,400
    Clarence "Bill" NelsonDFL$137,150$189,565
    Rand PaulRKY$44,100$74,245
    Rob PortmanROH$509,457$460,074
    Mark PryorDAR$132,192$88,000
    John "Jack" ReedDRI$190,221$203,500
    Harry ReidDNV$356,055$414,387
    Jim RischRID$47,462$22,550
    Charles "Pat" RobertsRKS$224,690$137,600
    John "Jay" RockefellerDWV$121,900$93,050
    Marco RubioRFL$138,577$309,517
    Bernie SandersIVT$9,425$9,750
    Chuck SchumerDNY$328,425$1,085,850
    Jeff SessionsRAL$118,032$52,500
    Jeanne ShaheenDNH$864,145$149,171
    Richard ShelbyRAL$381,349$373,900
    Olympia SnoweRME$109,950$67,740
    Debbie StabenowDMI$637,189$262,957
    Jon TesterDMT$586,730$280,053
    John ThuneRSD$238,875$201,462
    Patrick ToomeyRPA$186,516$479,634
    Mark UdallDCO$98,575$174,665
    Tom UdallDNM$41,483$129,576
    David VitterRLA$93,850$89,100
    Mark WarnerDVA$377,950$491,350
    Jim WebbDVA$-11,850$12,870
    Sheldon WhitehouseDRI$60,900$133,816
    Roger WickerRMS$235,619$118,650
    Ron WydenDOR$104,899$191,229

    Add Data Filters:

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    NamePartyState$ From Interest Groups
    That Supported
    $ From Interest Groups
    That Opposed
    Daniel K. AkakaDHI$8,000$0
    Andrew Lamar AlexanderRTN$96,750$159,216
    Kelly AyotteRNH$86,330$228,496
    John BarrassoRWY$162,450$92,550
    Max BaucusDMT$302,930$287,850
    Mark BegichDAK$47,150$71,112
    Michael BennetDCO$179,950$460,628
    Jesse "Jeff" BingamanDNM$5,000$8,000
    Richard BlumenthalDCT$53,840$265,250
    Roy BluntRMO$379,672$425,229
    John BoozmanRAR$82,900$55,447
    Barbara BoxerDCA$1,223,042$169,840
    Scott BrownRMA$490,068$1,474,917
    Sherrod BrownDOH$481,439$121,600
    Richard BurrRNC$291,057$184,045
    Maria CantwellDWA$107,900$116,429
    Ben CardinDMD$123,500$190,361
    Tom CarperDDE$267,640$150,400
    Bob CaseyDPA$154,780$246,386
    Clarence Saxby ChamblissRGA$290,998$139,900
    Daniel CoatsRIN$116,550$149,997
    Tom CoburnROK$78,500$59,650
    William Thad CochranRMS$35,150$4,500
    Susan CollinsRME$200,763$185,000
    Gaylord Kent ConradDND$57,050$12,600
    Chris CoonsDDE$95,600$47,950
    Bob CorkerRTN$470,940$487,310
    John CornynRTX$326,323$294,875
    Mike CrapoRID$236,282$215,983
    Jim DeMintRSC$123,160$120,233
    Dick DurbinDIL$171,250$222,100
    John EnsignRNV$23,700$57,300
    Mike EnziRWY$98,800$88,250
    Dianne FeinsteinDCA$305,021$125,000
    Alan FrankenDMN$44,387$227,902
    Kirsten GillibrandDNY$1,844,126$1,341,793
    Lindsey GrahamRSC$113,198$88,800
    Chuck GrassleyRIA$170,450$98,750
    Kay HaganDNC$659,288$136,794
    Tom HarkinDIA$124,980$124,480
    Orrin HatchRUT$289,000$361,550
    John HoevenRND$97,200$57,100
    Kay Bailey HutchisonRTX$25,000$22,350
    Jim InhofeROK$75,200$17,450
    Dan InouyeDHI$70,975$25,150
    Johnny IsaksonRGA$182,900$112,450
    Mike JohannsRNE$172,050$62,054
    Ron JohnsonRWI$79,175$105,278
    Tim JohnsonDSD$398,602$240,152
    John KerryDMA$146,474$144,250
    Mark KirkRIL$271,489$804,097
    Amy KlobucharDMN$385,155$103,483
    Herb KohlDWI$0$0
    Jon KylRAZ$36,700$12,800
    Mary LandrieuDLA$285,000$120,983
    Frank LautenbergDNJ$62,700$232,500
    Patrick LeahyDVT$40,450$27,100
    Mike LeeRUT$43,550$20,166
    Carl LevinDMI$66,900$70,150
    Joe LiebermanICT$6,500$14,200
    Dick LugarRIN$43,900$73,350
    Joe ManchinDWV$148,300$76,350
    John McCainRAZ$75,875$132,175
    Claire McCaskillDMO$1,342,383$225,141
    Addison "Mitch" McConnellRKY$557,775$690,326
    Bob MenéndezDNJ$228,250$304,836
    Jeff MerkleyDOR$69,351$111,617
    Barbara MikulskiDMD$110,042$69,782
    Jerry MoranRKS$195,534$79,800
    Lisa MurkowskiRAK$43,720$39,250
    Patty MurrayDWA$520,857$93,932
    Earl "Ben" NelsonDNE$169,147$48,400
    Clarence "Bill" NelsonDFL$137,150$189,565
    Rand PaulRKY$44,100$74,245
    Rob PortmanROH$509,457$460,074
    Mark PryorDAR$132,192$88,000
    John "Jack" ReedDRI$190,221$203,500
    Harry ReidDNV$356,055$414,387
    Jim RischRID$47,462$22,550
    Charles "Pat" RobertsRKS$224,690$137,600
    John "Jay" RockefellerDWV$121,900$93,050
    Marco RubioRFL$138,577$309,517
    Bernie SandersIVT$9,425$9,750
    Chuck SchumerDNY$328,425$1,085,850
    Jeff SessionsRAL$118,032$52,500
    Jeanne ShaheenDNH$864,145$149,171
    Richard ShelbyRAL$381,349$373,900
    Olympia SnoweRME$109,950$67,740
    Debbie StabenowDMI$637,189$262,957
    Jon TesterDMT$586,730$280,053
    John ThuneRSD$238,875$201,462
    Patrick ToomeyRPA$186,516$479,634
    Mark UdallDCO$98,575$174,665
    Tom UdallDNM$41,483$129,576
    David VitterRLA$93,850$89,100
    Mark WarnerDVA$377,950$491,350
    Jim WebbDVA$-11,850$12,870
    Sheldon WhitehouseDRI$60,900$133,816
    Roger WickerRMS$235,619$118,650
    Ron WydenDOR$104,899$191,229

    Interest Groups that supported this bill

    $ Donated
    Commercial banks & bank holding companies$10,040,948
    Women's issues$7,071,216
    Life insurance$5,380,804
    Elderly issues/Social Security$241,966

    Interest Groups that opposed this bill

    $ Donated
    Security brokers & investment companies$19,731,906
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