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Main Subject: Labor and Employment

Simplifying Small Business Retirement Savings Act

This bill requires pooled employer retirement plans to designate a named fiduciary to collect contributions to the plan and implement written contribution collection procedures that are reasonable, diligent, and systematic. Current law requires a plan to designate one or more trustees to perform these tasks.

The bill also revises the requirements for combined annual reporting for a group of plans.

HR6912-117, S4353-117,

Senate Actions

IntroReferral
May. 05 2022	Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Library of Congress Actions

IntroReferral
May. 05 2022	Introduced in Senate

Senate bill S4154-117

A bill to provide better access to retirement plans through small businesses.

Senate bill S4154-117

A bill to provide better access to retirement plans through small businesses.

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