Protecting America’s Retirement Security Act of 2022

United States117th CongressHR-7310House of Representatives
Updated: Dec 20, 2022

Summary

Protecting America's Retirement Security Act of 2022 This bill makes various changes with respect to the administration of employer-sponsored retirement plans, including establishing additional spousal consent requirements for distributions under such plans and requiring the periodic automatic reenrollment of nonparticipating employees in automatic contribution arrangements that take effect after December 31, 2024. The bill also requires the Department of Education, in consultation with relevant agencies, to establish a personal finance education portal that includes information about savings, investing, borrowing, and managing student loan repayment.

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Timeline

  1. Reported (Amended) by the Committee on Education and Labor. H. Rept. 117-557, Part I.

    House of Representatives

  2. House Committee on Ways and Means Granted an extension for further consideration ending not later than Jan. 2, 2023.

    House of Representatives

  3. Committee on Ways and Means discharged.

    House of Representatives

  4. Placed on the Union Calendar, Calendar No. 471.

    House of Representatives