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Form 5500 Filing Simplification Act

5/22/2026, 8:08 AM

Summary of Bill HR 7362

The bill titled "To amend the Employment Retirement Income Security Act of 1974 to simplify the filing of Form 5500 for employee benefit plan administrators" was introduced in the 119th Congress on February 4, 2026. The bill aims to streamline the process of filing Form 5500 for administrators of employee benefit plans under the Employment Retirement Income Security Act of 1974, potentially proposing changes to the existing reporting requirements and administrative procedures.

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Current Status of Bill HR 7362

Bill HR 7362 is currently in the status of Bill Introduced since February 4, 2026. Bill HR 7362 was introduced during Congress 119 and was introduced to the House on February 4, 2026.  Bill HR 7362's most recent activity was Ordered to be Reported (Amended) by the Yeas and Nays: 22 - 12. as of May 21, 2026

Bipartisan Support of Bill HR 7362

Total Number of Sponsors
1
Democrat Sponsors
0
Republican Sponsors
1
Unaffiliated Sponsors
0
Total Number of Cosponsors
19
Democrat Cosponsors
2
Republican Cosponsors
17
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 7362

Primary Policy Focus

Labor and Employment

Alternate Title(s) of Bill HR 7362

Form 5500 Filing Simplification Act
Form 5500 Filing Simplification Act
To amend the Employment Retirement Income Security Act of 1974 to simplify the filing of Form 5500 for employee benefit plan administrators.

Comments

Bianca Currie profile image

Bianca Currie

811

3 months ago

Can't believe this bill makes filing easier. How will it impact small businesses like mine?

Sponsors and Cosponsors of HR 7362

Glenn Grothman
Glenn Grothman
WisconsinRepublican
James C. Moylan
James C. Moylan
GuamRepublican
Rick W. Allen
Rick W. Allen
GeorgiaRepublican
Abraham J. Hamadeh
Abraham J. Hamadeh
ArizonaIndependent
Michael A. Rulli
Michael A. Rulli
OhioRepublican
Mark B. Messmer
Mark B. Messmer
IndianaIndependent

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