H.R. 5891 117th Congress House

RISE Act

Official title: To improve and enhance retirement savings, and for other purposes.

Introduced: November 5, 2021 Introduced by: Robert C. "Bobby" Scott Democratic · Virginia See on congress.gov

Commerce Administrative law and regulatory proceduresBank accounts, deposits, capitalBanking and financial institutions regulationBusiness records

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Computers and information technologyCongressional oversightDepartment of LaborEmployee benefits and pensionsFinancial services and investmentsGovernment information and archivesIncome tax exclusionSecuritiesWages and earnings

Everywhere this bill has been 7 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Feb 25, 2022

Placed on the Union Calendar, Calendar No. 180.

Feb 25, 2022

Committee on Ways and Means discharged.

Feb 25, 2022

Reported (Amended) by the Committee on Education and Labor. H. Rept. 117-250, Part I.

Nov 10, 2021

Ordered to be Reported (Amended) by Voice Vote.

Nov 10, 2021

Committee Consideration and Mark-up Session Held.

Nov 5, 2021

Introduced in House

Nov 5, 2021

Referred to the Committee on Education and Labor, and in addition to the Committee on Ways and Means, 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.

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Latest action February 25, 2022

Placed on the Union Calendar, Calendar No. 180.

Plain-English summary Congressional Research Service

Retirement Improvement and Savings Enhancement Act of 2021 or the RISE Act

This bill makes various changes with respect to employer-sponsored retirement plans.

Among other changes, the bill establishes the Retirement Savings Lost and Found database to allow individuals to locate the administrator of their plan. It also allows 403(b) plans (i.e., plans sponsored by certain charities, educational institutions, and nonprofit organizations) to participate in multiple employer plans and pooled employer plans.

Related & companion bills 4