WHAT THE LAW DOINCongress, in plain words

The law › Title 5, Government Organization and Employees › Chapter 84

5 U.S.C. 8477: Fiduciary responsibilities; liability and penalties

Created in 1986 by Public Law 99-335. Changed by 7 later laws. No bill we track in this Congress changes it.

2 other sections of the Code cite this one, including 5 U.S.C. 8433, 5 U.S.C. 8438.

4 parts of federal rules cite it as their authority, written by Employee Benefits Security Administration, Department of Labor (3), Department of Justice (1).

This Congress

No bill we track in the 119th Congress changes this section.

    How it got here

    2014

    • Pub. L. 113–255, §3(1), inserted "or beneficiary" after "participant" and "or option" after "fund". Law text · (e)
    • Pub. L. 113–255, §3(2), inserted "or beneficiary" after "participant" and "or beneficiaries' " after "participants' ". Law text · (e)

    2009

    • Pub. L. 111–31 designated existing provisions as cl. (i) and added cl. (ii). Law text · (e)

    1990

    • Pub. L. 101–335 repealed section 133(c) of Pub. L. 100–238. See Effective Date of 1988 Amendment note below.

    1988

    • Pub. L. 100–238, §133(a)(1), inserted ", except as provided in paragraphs (3) and (4) of this subsection". · (e)
    • Pub. L. 100–238, §133(a)(2), substituted "Internal Revenue Code of 1986" for "Internal Revenue Code of 1954". · (e)
    • Pub. L. 100–238, §133(a)(3), inserted "only" in introductory provisions. · (e)
    • Pub. L. 100–238, §133(a)(5), added pars. (2) and (3) and struck out former pars. (2) and (3) which read as follows: · (e), (3)
    • Pub. L. 100–366, §3(a)(1), substituted "28, provided that" for "28, if" and "shall be exclusive of" for "is exclusive of". · (e)
    • Pub. L. 100–238, §133(a)(4), (5), added pars. (4) to (6) and redesignated former pars. (4) and (5) as (7) and (8), respectively. · (e)
    • Pub. L. 100–366, §3(a)(2), substituted "paragraph (3)" for "paragraphs (3) and (4)". · (e)

    1986

    • Pub. L. 99–556, §112, added subpar. (E). · (c)
    • Pub. L. 99–514 substituted "Internal Revenue Code of 1986" for "Internal Revenue Code of 1954". · (e)
    • Pub. L. 99–556, §114(b), substituted "Secretary of Labor (or the Board under section 114 of the Federal Employees' Retirement System Technical Corrections Act of 1986)" for "Board". · (e)

    Text, outline and history from the official U.S. Code (2024 edition) on GovInfo, published by the Office of the Law Revision Counsel. Changes made after that edition appear under This Congress.