[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7284 Introduced in House (IH)]

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117th CONGRESS
  2d Session
                                H. R. 7284

 To direct the Secretary of Labor to improve defined contribution plan 
                            fee disclosures.


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                    IN THE HOUSE OF REPRESENTATIVES

                             March 30, 2022

 Ms. Wild (for herself and Ms. Letlow) introduced the following bill; 
       which was referred to the Committee on Education and Labor

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                                 A BILL


 
 To direct the Secretary of Labor to improve defined contribution plan 
                            fee disclosures.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Informed Savers Act''.

SEC. 2. DEFINED CONTRIBUTION PLAN FEE DISCLOSURE IMPROVEMENTS.

    Not later than 2 years after the date of enactment of this Act, the 
Secretary of Labor shall review section 2550.404a-5 of title 29, Code 
of Federal Regulations, and explore how the content and design of the 
covered disclosures may be improved to enhance participants' 
understanding of fees and expenses as well as the cumulative effect of 
fees and expenses on retirement savings over time. As part of such 
review, the Secretary shall conduct outreach to stakeholders, including 
those representing plan sponsors and retirement plan participants.
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