RISE & SHINE Act

Summary

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.

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Timeline

1. 7 June 2022

   Introduced

   Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

   Source: IntroReferral

2. 7 June 2022

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 14 June 2022

   Reported

   Committee on Health, Education, Labor, and Pensions. Ordered to be reported with amendments favorably.

   Source: Committee

4. 21 June 2022

   Calendars

   Placed on Senate Legislative Calendar under General Orders. Calendar No. 426.

   Source: Calendars

5. 21 June 2022

   Reported

   Committee on Health, Education, Labor, and Pensions. Reported by Senator Murray with amendments. Without written report.

   Source: Committee

6. 21 June 2022

   Reported

   Committee on Health, Education, Labor, and Pensions. Reported by Senator Murray with amendments. Without written report.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Reported to Senate · 21 June 2022 · Official file
• Introduced in Senate · 7 June 2022 · Official file

Documents

6 official files

• Reported to Senate (text)

  Reported to Senate · EN · 21 June 2022

  ViewDownloadOpen at official source

• Reported to Senate (PDF)

  Reported to Senate · EN · 21 June 2022

  ViewDownloadOpen at official source

• Reported to Senate

  summary · EN · 21 June 2022

  Open at official source

• Introduced in Senate (text)

  Introduced in Senate · EN · 7 June 2022

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 7 June 2022

  ViewDownloadOpen at official source

• Introduced in Senate

  summary · EN · 7 June 2022

  Open at official source

Sponsors

• Patty Murray · D · Sponsor
• Sen. Burr, Richard [R-NC] · R · Sponsor
• · sshr00 · Standing

Related records

• related to → Work Act
• related to → Increasing Small Business Retirement Choices Act
• related to → INFORM Act
• related to → Simplifying Small Business Retirement Savings Act
• related to → Emergency Savings Act of 2022
• related to → Savvy Saver Act