Protecting America’s Retirement Security Act of 2022

Bill: 117-hr-7310
Sponsor: Rep. McBath, Lucy [D-GA-6]
Introduced: 2022-03-31 in the House
Policy area: Labor and Employment
Subjects: Adult education and literacy
Bank accounts, deposits, capital
Business ethics
Computers and information technology
Congressional oversight
Employee benefits and pensions
Employment and training programs
Family relationships
Financial services and investments
Government information and archives
Government trust funds
Higher education
Income tax deferral
Inflation and prices
Intergovernmental relations
Labor-management relations
Marriage and family status
Performance measurement
State and local government operations
Student aid and college costs
Tax administration and collection, taxpayers
User charges and fees

Summary:
action_date: 2022-03-31
text: 

Protecting America's Retirement Security Act

 
This bill makes various changes with respect to the administration of employer-sponsored retirement plans, including establishing additional spousal consent requirements for distributions under such plans and requiring the periodic automatic reenrollment of nonparticipating employees in automatic contribution arrangements that take effect after December 31, 2024.
 
The bill also requires the Department of Education, in consultation with relevant agencies, to establish a personal finance education portal that includes information about savings, investing, borrowing, and managing student loan repayment.

action_date: 2022-11-14
text: 

Protecting America's Retirement Security Act
 
of 2022

 
This bill makes various changes with respect to the administration of employer-sponsored retirement plans, including establishing additional spousal consent requirements for distributions under such plans and requiring the periodic automatic reenrollment of nonparticipating employees in automatic contribution arrangements that take effect after December 31, 2024.
 
The bill also requires the Department of Education, in consultation with relevant agencies, to establish a personal finance education portal that includes information about savings, investing, borrowing, and managing student loan repayment.


Legislative actions:
action_date: 2022-12-20
text: Placed on the Union Calendar, Calendar No. 471.
action_date: 2022-12-20
text: Committee on Ways and Means discharged.
action_date: 2022-12-20
text: Committee on Ways and Means discharged.
action_date: 2022-11-14
text: House Committee on Ways and Means Granted an extension for further consideration ending not later than Jan. 2, 2023.
action_date: 2022-11-14
text: Reported (Amended) by the Committee on Education and Labor. H. Rept. 117-557, Part I.
action_date: 2022-11-14
text: Reported (Amended) by the Committee on Education and Labor. H. Rept. 117-557, Part I.
action_date: 2022-04-05
text: Ordered to be Reported (Amended) by Voice Vote.
action_date: 2022-04-05
text: Committee Consideration and Mark-up Session Held.
action_date: 2022-03-31
text: Referred to the Committee on Education and Labor, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2022-03-31
text: Referred to the Committee on Education and Labor, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
action_date: 2022-03-31
text: Introduced in House
action_date: 2022-03-31
text: Introduced in House