Page:United States Statutes at Large Volume 111 Part 3.djvu/53

 PUBLIC LAW 105-92—NOV. 19, 1997 111 STAT. 2141 "(5) links to other sites maintained on the Internet by governmental agencies and nonprofit organizations that provide additional detail on retirement income savings arrangements and related topics on savings or investing. "(e) COORDINATION.— The Secretary shall coordinate the outreach program under this section with similar efforts underteiken by other public and private entities.". (b) CONFORMING AMENDMENT. —The table of contents in section 1 of such Act is amended by inserting after the item relating to section 514 the following new items: "Sec. 515. Delinquent contributions. "Sec. 516. Outreach to promote retirement income savings.". SEC. 4. NATIONAL SUMMIT ON RETIREMENT SAVINGS. (a) IN GENERAL. — Part 5 of subtitle B of title I of the Employee Retirement Income Security Act of 1974, as amended by section 3 of this Act, is amended by adding at the end the following new section: "NATIONAL SUMMIT ON RETIREMENT SAVINGS "SEC. 517. (a) AUTHORITY TO CALL SUMMIT.— Not later than President. July 15, 1998, the President shall convene a National Summit 29 USC 1147. on Retirement Income Savings at the White House, to be co-hosted by the President and the Speaker and the Minority Leader of the House of Representatives £m.d the Majority Leader and Minority Leader of the Senate. Such a National Summit shall be convened thereafter in 2001 and 2005 on or after September 1 of each year involved. Such a National Summit shall— "(1) advance the public's knowledge and understanding of retirement savings and its critical importance to the future well-being of American workers and their families; "(2) facilitate the development of a broad-based, public education program to encourage and enhance individual commitment to a personal retirement savings strategy; "(3) develop recommendations for additional research, reforms, and actions in the field of private pensions and individual retirement savings; and "(4) disseminate the report of, and information obtained by, the National Summit and exhibit materials and works of the National Summit. "(b) PLANNING AND DIRECTION.— The National Summit shall be planned and conducted under the direction of the Secretary, in consultation with, and with the assistance of, the heads of such other Federal departments and agencies as the President may designate. Such assistance may include the assignment of personnel. The Secretary shall, in planning and conducting the National Simimit, consult with the congressional leaders specified in subsection (e)(2). The Secretary shall also, in carrying out the Secretary's duties under this subsection, consult and coordinate with at least one organization made up of private sector businesses and associations partnered with Government entities to promote long-term financial security in retirement through savings. "(c) PURPOSE OF NATIONAL SUMMIT. — The purpose of the National Summit shall be— "(1) to increase the public awareness of the vgJue of personal savings for retirement;

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