S 4353 · 117th Congress · Labor and Employment
RISE & SHINE Act
Bill Progress
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Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Placed on Senate Legislative Calendar under General Orders. Calendar No. 426.(2022-06-21)
Plain Language Summary
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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.…
Summarized by Claude AI · Non-partisan · For informational purposes only