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Bill117th CongressFiled Jun 7, 2022Labor and Employment
S. 4353

RISE & SHINE Act

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary reported to senate (Jun 21, 2022)

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.

What just happenedJun 21, 2022

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

Who’s behind it

Sen. Murray, Patty [D-WA](D-WA)Sponsor
1 cosponsor1 R
Read on Congress.gov
1cosponsors1committees6actions6related bills25subjects
  1. Jun 21, 2022Calendars

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

  2. Jun 21, 2022Committee

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

    Health, Education, Labor, and Pensions Committee
  3. Jun 21, 2022Committee14000

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

    Health, Education, Labor, and Pensions Committee
  4. Jun 14, 2022Committee

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

    Health, Education, Labor, and Pensions Committee
  5. Jun 7, 2022IntroReferral

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

    Health, Education, Labor, and Pensions Committee
  6. Jun 7, 2022IntroReferral10000

    Introduced in Senate

Reported to SenateJun 21, 202225

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.

Introduced in SenateJun 7, 2022

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.

RISE & SHINE Act — Informed