S. 4154
Referred to CommitteeSimplifying Small Business Retirement Savings Act
Latest Action
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
5/5/2022 • Senate
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.
Introduced in Senate • 5/5/2022
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Sponsor & Cosponsors (2)
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Sponsor
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Bill Journey
Originated in the Senate
Introduced
May 5, 2022
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Committee Review
Floor Debate
Passed Chamber
Other Chamber
President
Enacted into Law