The Employee Retirement Income Security Act (ERISA) became law

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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 of 1974 (ERISA) to a floor vote, and is one of the ERISAメ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.

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Source: U.S. Department of Labor
Credit: Photo: Courtesy of U.S. Dept of HHS