RISE & SHINE Act
Summary
Retirement Improvement and Savings Enhancement to Supplement Healthy Investments for the Nest Egg Act or the RISE & SHINE Act This bill makes various changes with respect to employer-sponsored retirement plans. For example, the bill allows plans sponsored by charities, educational institutions, and nonprofit organizations (i.e., 403(b) retirement plans) to participate in multiple employer plans and pooled employer plans. The bill also revises the notice and disclosure requirements for certain retirement plans, and it permits plan sponsors to make emergency savings accounts available to participants of defined contribution plans.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jun 2022
Committee Review
Floor Vote
President
Introduced Jun 7, 2022
Last action Jun 21, 2022
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
5
Key actions
2
Committee
3
Jun 21, 2022
Upper · Passed
Committee on Health, Education, Labor, and Pensions. Reported by Senator Murray with amendments. Without written report.
upper
Jun 14, 2022
Upper · Passed
Committee on Health, Education, Labor, and Pensions. Ordered to be reported with amendments favorably.
upper
Jun 7, 2022
Committee
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
upper
Jun 7, 2022
Introduced
Introduced in Senate
upper
1 primary · 1 co-sponsor
Sponsors
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