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Bill117th CongressFiled Mar 31, 2022Labor and Employment
H.R. 7310

Protecting America’s Retirement Security Act of 2022

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary reported to house, part i (Nov 14, 2022)

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.

What just happenedDec 20, 2022

Placed on the Union Calendar, Calendar No. 471.

Who’s behind it

Rep. McBath, Lucy [D-GA-6](D-GA)Sponsor
16 cosponsors16 D
Read on Congress.gov
16cosponsors2committees12actions1related bills22subjects
  1. Dec 20, 2022CalendarsH12410

    Placed on the Union Calendar, Calendar No. 471.

  2. Dec 20, 2022DischargeH12300

    Committee on Ways and Means discharged.

    Ways and Means Committee
  3. Dec 20, 2022Committee5500

    Committee on Ways and Means discharged.

    Ways and Means Committee
  4. Nov 14, 2022IntroReferralH11210

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

    Ways and Means Committee
  5. Nov 14, 2022CommitteeH12200

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

    Education and the Workforce Committee
  6. Nov 14, 2022Committee5000

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

    Education and the Workforce Committee
  7. Apr 5, 2022Committee

    Ordered to be Reported (Amended) by Voice Vote.

    Education and the Workforce Committee
  8. Apr 5, 2022Committee

    Committee Consideration and Mark-up Session Held.

    Education and the Workforce Committee
  9. Mar 31, 2022IntroReferralH11100

    Referred to the Committee on Education and Labor, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

    Ways and Means Committee
  10. Mar 31, 2022IntroReferralH11100

    Referred to the Committee on Education and Labor, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

    Education and the Workforce Committee
  11. Mar 31, 2022IntroReferralIntro-H

    Introduced in House

  12. Mar 31, 2022IntroReferral1000

    Introduced in House

Reported to House, Part INov 14, 20228

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.

Introduced in HouseMar 31, 2022

Protecting America's Retirement Security Act

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.

Protecting America’s Retirement Security Act of 2022 — Informed