Fair Disclosure for Retirement Security Act of 2007 Soon Up for a Vote
On April 16, 2008, members of the U.S. House Education and Labor Committee will mark up the proposed bill that, if adopted, will mandate additional disclosures as relates to retirement plan fees (1:00 p.m. in room 2175 Rayburn H.O.B.) As fee-related litigation soars (frequency and size of alleged economic damages) and individuals struggle to ready themselves for a long retirement haul (due to extended life spans), the import of any disclosure regulation is considerable.
To learn more, check out these resources. Note that the bill is renamed the "Fair Disclosure for Retirement Security Act of 2008."
- "Fair Disclosure for Retirement Security Act of 2007" introduced by Representative George Miller (D-California) and dated July 26, 2007 - full text
- "Fair Disclosure for Retirement Security Act of 2007" - summary dated July 2007
- U.S. House Education and Labor Committee hearings (H.R. 3185, the 401(k) Fair Disclosure for Retirement Security Act of 2007 - October 4, 2007)
- U.S. House Education and Labor Committee hearings ("Hidden 401k Fees Undermining Retirement Security?" - March 6, 2007)
