S. 4353

Introduced

RISE & SHINE Act

Introduced 6/7/2022•117th Congress•Senate

Latest Action

Placed on Senate Legislative Calendar under General Orders. Calendar No. 426.

6/21/2022 • Senate

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.

Reported to Senate • 6/21/2022

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Topics & Subjects

Policy Area: Labor and Employment

Accounting and auditingAdministrative law and regulatory proceduresBank accounts, deposits, capitalBusiness ethicsCongressional oversightCredit and credit marketsDepartment of LaborDepartment of the TreasuryElementary and secondary educationEmployee benefits and pensionsEmployment and training programsFederal preemptionFederal-Indian relationsGovernment information and archivesGovernment studies and investigationsHigher educationIncome tax deferralInflation and pricesInterest, dividends, interest rates