RISE & SHINE Act

United States117th CongressS-4353Senate
Updated: Jun 21, 2022

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.

Bill texts

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Timeline

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

    Senate

  2. Committee on Health, Education, Labor, and Pensions. Ordered to be reported with amendments favorably.

    Senate

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

    Senate

  4. Committee on Health, Education, Labor, and Pensions. Reported by Senator Murray with amendments. Without written report.

    Senate