On Sept 2, 1974, Congressman John N. Erlenborn from Virgnia, the ranking Republican on the House Committee, was responsible for bringing the Employee Retirement Income Security Act (ERISA) to a floor vote, and is one of the ERISA’s “Founding Fathers.”

Together with Senator Jacob Javits (R-NY), Senator Pete Williams (D-NJ) and Congressman John Dent (D-PA), Erlenborn crafted provisions and participated in negotiations that were instrumental to the enactment of ERISA which was – and remains – the single most important legislation governing employee benefit plans in the U.S. creating a growing source of new investment capital.