McClellan's notable failure to find any legal wrongdoing led to his introduction of several pieces of new legislation including his own bill on October 12, 1965 setting new fiduciary standards for plan trustees. Senator Jacob K. Javits (R-NY) introduced bills in 1965 and 1967 increasing regulation on welfare and pension funds to limit the control of plan trustees and administrators. Provisions from all three bills ultimately evolved into the guidelines enacted in the Employee Retirement Income Security Act of 1974 (ERISA).