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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.
Read the Full Bill
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
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
19Democrat Cosponsors
2Republican Cosponsors
17Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 7362
Primary Policy Focus
Labor and EmploymentAlternate 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
1,094
7 months ago
Can't believe this bill makes filing easier. How will it impact small businesses like mine?
Sponsors and Cosponsors of HR 7362
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