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CT HB05391

Bill

Official Source

Status

Introduced

1/18/2013

Primary Sponsor

Matthew Lesser

Click for details

Origin

House of Representatives

2013 General Assembly

AI Summary

  • Caps expense ratio costs at 50% for all individual retirement accounts, including administrative, investment management, and marketing fees
  • Applies to retirement plans described in Sections 401(k), 403(b), and 457 of the Internal Revenue Code of 1986 and any subsequent corresponding internal revenue code
  • Intended to help working families in Connecticut save more for retirement by reducing excessive fees on individual retirement accounts
  • Referred to the Committee on Banks during the January 2013 legislative session
  • Introduced by Rep. Lesser, 100th District

Legislative Description

An Act Capping Fees For Individual Retirement Accounts.

Last Action

Referred to Joint Committee on Banks

1/18/2013

Committee Referrals

Banks1/18/2013

Full Bill Text

No bill text available