S 4154
117th Congress
Senate
Labor and Employment
Simplifying Small Business Retirement Savings Act
Introduced: May 5, 2022
Introduced by:
Hickenlooper, John W.
Democratic
· Colorado
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 5, 2022
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
May 5, 2022
Introduced in Senate
Plain-English summary
Simplifying Small Business Retirement Savings Act
This bill requires pooled employer retirement plans to designate a named fiduciary to collect contributions to the plan and implement written contribution collection procedures that are reasonable, diligent, and systematic. Current law requires a plan to designate one or more trustees to perform these tasks.
The bill also revises the requirements for combined annual reporting for a group of plans.
What's happening now
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Committees of jurisdiction
1
Cosponsors
1