3.0.0 5832 2023-03-08T20:26:31Z 2023-03-08T20:26:31Z House HR 2021-11-03 117 [Congressional Record Volume 167, Number 193 (Wednesday, November 3, 2021)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. BONAMICI:H.R. 5832.Congress has the power to enact this legislation pursuantto the following:Section 8 of Article I of the U.S. Constitution[Page H6179]]]> hsed00 Education and the Workforce Committee House Standing Referred to 2021-11-03T16:03:25Z hswm00 Ways and Means Committee House Standing Referred to 2021-11-03T16:03:20Z Retirement Savings Lost and Found Act of 2021 117 1730 S 2021-05-20 Read twice and referred to the Committee on Finance. Related bill CRS 2021-11-03 Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, 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. IntroReferral H11100 2 House floor actions hsed00 Education and the Workforce Committee 2021-11-03 Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, 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. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2021-11-03 Introduced in House IntroReferral Intro-H 9 Library of Congress 2021-11-03 Introduced in House IntroReferral 1000 9 Library of Congress B001278 Rep. Bonamici, Suzanne [D-OR-1] Suzanne Bonamici D OR 1 N M001208 Rep. McBath, Lucy [D-GA-6] Lucy McBath D GA 6 2022-01-19 False M001135 Rep. Manning, Kathy E. [D-NC-6] Kathy Manning D NC E. 6 2022-01-19 False Labor and Employment Labor and Employment 00 2021-11-03 Introduced in House 2022-03-10T17:38:09Z Retirement Savings Lost and Found Act of 2021

This bill establishes an online Retirement Savings Lost and Found (RSLF) to assist individuals in locating certain employer-sponsored retirement accounts. The RSLF must (1) provide plan participants or beneficiaries only with the ability to view contact information for the administrator of a plan that is sufficient to locate the plan, and (2) safeguard the privacy and security of participants' plan information.

The bill sets forth additional reporting and notification requirements for retirement plans.

The bill also revises provisions that permit mandatory distributions of the balances of small retirement accounts using a rollover into an Individual Retirement Account (IRA). The bill modifies the investment options available for the distributions and increases the maximum account balance that may be subject to such a distribution.

A plan may transfer unclaimed mandatory distributions that are $1,000 or less to the RSLF, and the RSLF must pay the balance upon locating a plan participant or beneficiary.

]]> Retirement Savings Lost and Found Act of 2021 Display Title Retirement Savings Lost and Found Act of 2021 Short Title(s) as Introduced Retirement Savings Lost and Found Act of 2021 Introduced in House IH Official Title as Introduced To establish the Retirement Savings Lost and Found, and for other purposes. Introduced in House IH Introduced in House 2021-11-03T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117hr5832ih/xml/BILLS-117hr5832ih.xml 2021-11-03 Referred to the Committee on Ways and Means, and in addition to the Committee on Education and Labor, 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. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.