Senate Bill 4353
117th Congress(2021-2022)
RISE & SHINE Act
Introduced
Introduced in Senate on Jun 7, 2022
Origin Chamber
Senate
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
4353
Congress
117
Policy Area
Labor and Employment
Labor and Employment
Primary focus of measure is matters affecting hiring and composition of the workforce, wages and benefits, labor-management relations; occupational safety, personnel management, unemployment compensation. Measures concerning public-sector employment may fall under Government Operations and Politics policy area.
No Senate votes have been held for this bill.
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.
Sort by most recent
06/21/2022
Placed on Senate Legislative Calendar under General Orders. Calendar No. 426.
06/21/2022
Committee on Health, Education, Labor, and Pensions. Reported by Senator Murray with amendments. Without written report.
06/14/2022
Committee on Health, Education, Labor, and Pensions. Ordered to be reported with amendments favorably.
06/07/2022
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
06/07/2022
Introduced in Senate
Public Record
Record Updated
Sep 5, 2023 1:48:55 PM