Summary: H.R.4237 — 104th Congress (1995-1996)All Information (Except Text)

There is one summary for H.R.4237. Bill summaries are authored by CRS.

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Introduced in House (09/27/1996)

Amends the Employee Retirement Income Security Act of 1974 (ERISA) to establish procedures governing an employee benefit plan or plan sponsor's termination or substantial reduction of retiree health benefits.

Requires, before a court approves a contested termination or substantial reduction, a finding that the balance of equities clearly favors such approval. Allows courts to use extrinsic evidence in determining a plan's intent.