summary
Introduced
11/03/2021
11/03/2021
In Committee
11/03/2021
11/03/2021
Crossed Over
Passed
Dead
01/03/2023
01/03/2023
Introduced Session
117th Congress
Bill Summary
A BILL To establish the Retirement Savings Lost and Found, and for other purposes.
AI Summary
This bill establishes the Retirement Savings Lost and Found, an online searchable database managed by the Department of Labor to help individuals locate administrators of their retirement plans. It also creates an Office of the Retirement Savings Lost and Found to assist with locating missing participants and transferring small, inactive account balances to the Office. The bill expands the cap on mandatory distributions to individual retirement plans, allows for transfers of smaller amounts to the Lost and Found, and requires enhanced reporting and electronic filing for retirement plan information.
Committee Categories
Budget and Finance
Sponsors (3)
Last Action
Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (on 11/03/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.congress.gov/bill/117th-congress/house-bill/5832/all-info |
| BillText | https://www.congress.gov/117/bills/hr5832/BILLS-117hr5832ih.pdf |
| Bill | https://www.congress.gov/117/bills/hr5832/BILLS-117hr5832ih.pdf.pdf |
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