RISE & SHINE Act
Latest action · Jun 21, 2022 Placed on Senate Legislative Calendar under General Orders. Calendar No. 426.
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJun 7, 2022
- Passed SenateNot reached
- Passed HouseNot reached
- To the PresidentNot reached
- Became lawNot reached
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.
Cosponsors 1
Members who signed on, in the order they did. All signed on Jun 7, 2022.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-NC | Richard Burr | Original | Jun 7, 2022 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| Senate | Health, Education, Labor, and Pensions Committee | Referred Jun 7, 2022Markup Jun 14, 2022Reported Jun 21, 2022 |
Actions 5
Everything that happened, newest first.
- Jun 21, 2022Committee on Health, Education, Labor, and Pensions. Reported by Senator Murray with amendments. Without written report.
- Jun 21, 2022Placed on Senate Legislative Calendar under General Orders. Calendar No. 426.
- Jun 14, 2022Committee on Health, Education, Labor, and Pensions. Ordered to be reported with amendments favorably.
- Jun 7, 2022Introduced in Senate
- Jun 7, 2022Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
CRS reports 1
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 1
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| R47213 | Ownership of Retirement Assets: Data in Brief | Report | Aug 10, 2022 |
Related bills 6
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| S 4086 | Increasing Small Business Retirement Choices Act | Related bill | Apr 26, 2022 |
| S 4087 | INFORM Act | Related bill | Apr 26, 2022 |
| S 4154 | Simplifying Small Business Retirement Savings Act | Related bill | May 5, 2022 |
| S 4310 | Emergency Savings Act of 2022 | Related bill | May 25, 2022 |
| S 4361 | Savvy Saver Act | Related bill | Jun 8, 2022 |
Titles 15
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- A bill to amend the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code of 1986 to improve retirement plan provisions, and for other purposes.
- Short Title(s) as Introduced
- RISE & SHINE Act
- Retirement Improvement and Savings Enhancement to Supplement Healthy Investments for the Nest Egg Act
- Short Title(s) as Reported to Senate
- Retirement Improvement and Savings Enhancement to Supplement Healthy Investments for the Nest Egg Act
- RISE & SHINE Act
- Short Title(s) as Introduced for portions of this bill
- WORK Act
- Worker Ownership, Readiness, and Knowledge Act
- INFORM
- Information Needed for Financial Options Risk Mitigation Act
- Emergency Savings Act of 2022
- Short Title(s) as Reported to Senate for portions of this bill
- WORK Act
- Worker Ownership, Readiness, and Knowledge Act
- Information Needed for Financial Options Risk Mitigation Act
- Emergency Savings Act of 2022
- INFORM Act
Subjects
Assigned by the Library of Congress. Policy area: Labor and Employment.
- Accounting and auditing
- Administrative law and regulatory procedures
- Bank accounts, deposits, capital
- Business ethics
- Congressional oversight
- Credit and credit markets
- Department of Labor
- Department of the Treasury
- Elementary and secondary education
- Employee benefits and pensions
- Employment and training programs
- Federal preemption
- Federal-Indian relations
- Government information and archives
- Government studies and investigations
- Higher education
- Income tax deferral
- Inflation and prices
- Interest, dividends, interest rates
- Intergovernmental relations
- Labor and Employment
- Labor-management relations
- Social work, volunteer service, charitable organizations
- Tax-exempt organizations
- Temporary and part-time employment
- User charges and fees
Text 2
Each version as it was printed, newest first.
- Jun 21, 2022Reported to Senate
- Jun 7, 2022Introduced in Senate
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
