RISE Act

United States117th CongressHR-5891House of Representatives
Latest legislative activity: Feb 25, 2022

Summary

Official Summary

Retirement Improvement and Savings Enhancement Act of 2021 or the RISE Act

This bill makes various changes with respect to employer-sponsored retirement plans.

Among other changes, the bill establishes the Retirement Savings Lost and Found database to allow individuals to locate the administrator of their plan. It also allows 403(b) plans (i.e., plans sponsored by certain charities, educational institutions, and nonprofit organizations) to participate in multiple employer plans and pooled employer plans.

Bill texts

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Timeline

Latest companion bill action

S-2550: RISE Act of 2021

Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

  1. Committee Consideration and Mark-up Session Held.

    House of Representatives

  2. Reported (Amended) by the Committee on Education and Labor. H. Rept. 117-250, Part I.

    House of Representatives

  3. Placed on the Union Calendar, Calendar No. 180.

    House of Representatives

  4. Committee on Ways and Means discharged.

    House of Representatives