Simplifying Small Business Retirement Savings Act
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.
Bill status
in committee
1 of 4 stages cleared
Introduction
May 2022
Committee Review
Floor Vote
President
Introduced May 5, 2022
Last action May 5, 2022
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
May 5, 2022
Committee
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
upper
May 5, 2022
Introduced
Introduced in Senate
upper
1 primary · 1 co-sponsor
Sponsors
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