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Main Subject: Labor and Employment

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.

House floor actions Actions

Calendars
Dec. 20 2022	Placed on the Union Calendar, Calendar No. 471.

Discharge
Dec. 20 2022	Committee on Ways and Means discharged.

IntroReferral

Nov. 14
2022

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

Mar. 31
2022

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.
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.

Committee
Nov. 14 2022	Reported (Amended) by the Committee on Education and Labor. H. Rept. 117-557, Part I.

Library of Congress Actions

Committee
Dec. 20 2022	Committee on Ways and Means discharged.
Nov. 14 2022	Reported (Amended) by the Committee on Education and Labor. H. Rept. 117-557, Part I.