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RISE & SHINE Act
9/5/2023, 1:48 PM
Congressional Summary of S 4353
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.
Read the Full Bill
Current Status of Bill S 4353
Bill S 4353 is currently in the status of Bill Introduced since June 7, 2022. Bill S 4353 was introduced during Congress 117 and was introduced to the Senate on June 7, 2022. Bill S 4353's most recent activity was Placed on Senate Legislative Calendar under General Orders. Calendar No. 426. as of June 21, 2022
Bipartisan Support of Bill S 4353
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
1Democrat Cosponsors
0Republican Cosponsors
1Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill S 4353
Primary Policy Focus
Labor and EmploymentPotential Impact Areas
- 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-management relations
- Social work, volunteer service, charitable organizations
- Tax-exempt organizations
- Temporary and part-time employment
- User charges and fees
Alternate Title(s) of Bill S 4353
RISE & SHINE Act
Retirement Improvement and Savings Enhancement to Supplement Healthy Investments for the Nest Egg Act
WORK Act
Worker Ownership, Readiness, and Knowledge Act
INFORM Act
Information Needed for Financial Options Risk Mitigation Act
Emergency Savings Act of 2022
RISE & SHINE Act
Information Needed for Financial Options Risk Mitigation Act
RISE & SHINE Act
Retirement Improvement and Savings Enhancement to Supplement Healthy Investments for the Nest Egg Act
WORK Act
Worker Ownership, Readiness, and Knowledge Act
INFORM
Emergency Savings Act of 2022
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.
Comments
Sponsors and Cosponsors of S 4353
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