In Committee
Sponsor: Sen. Banks, Jim [R-IN] (R)
Latest Action
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Jul 13, 2026
Summary
The bill changes the Employment Retirement Income Security Act to make the annual Form 5500 report easier to complete. It targets administrators of employee benefit plans, aiming to reduce paperwork and compliance costs. Simplifying the filing is intended to improve reporting accuracy and lessen administrative burdens.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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