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HR 5832 117th Congress House Labor and Employment

Retirement Savings Lost and Found Act of 2021

Introduced: November 3, 2021 Introduced by: Bonamici, Suzanne Democratic · Oregon See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 3, 2021
Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Nov 3, 2021
Introduced in House
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 Plain-English summary Congressional Research Service

Retirement Savings Lost and Found Act of 2021

This bill establishes an online Retirement Savings Lost and Found (RSLF) to assist individuals in locating certain employer-sponsored retirement accounts. The RSLF must (1) provide plan participants or beneficiaries only with the ability to view contact information for the administrator of a plan that is sufficient to locate the plan, and (2) safeguard the privacy and security of participants' plan information.

The bill sets forth additional reporting and notification requirements for retirement plans.

The bill also revises provisions that permit mandatory distributions of the balances of small retirement accounts using a rollover into an Individual Retirement Account (IRA). The bill modifies the investment options available for the distributions and increases the maximum account balance that may be subject to such a distribution.

A plan may transfer unclaimed mandatory distributions that are $1,000 or less to the RSLF, and the RSLF must pay the balance upon locating a plan participant or beneficiary.

What's happening now November 3, 2021

Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

 Related & companion bills 1
  • S 1730 Related bill Retirement Savings Lost and Found Act of 2021
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1
D
McBath, Lucy
Georgia · Jan 19, 2022
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 5832: Retirement Savings Lost and Found Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-HR-5832/
MLA
"H.R. 5832: Retirement Savings Lost and Found Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-5832/.
Bluebook (legal)
H.R. 5832, 117th Cong. (2026), https://openamerica.io/bill/117-HR-5832/.
Markdown link
[H.R. 5832: Retirement Savings Lost and Found Act of 2021](https://openamerica.io/bill/117-HR-5832/)
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