A Republican bill with 1 Democratic cosponsor · See the cosponsor
Last activity — Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
The Form 5500 Filing Simplification Act amends the Employment Retirement Income Security Act of 1974. Its primary purpose is to simplify how employee benefit plan administrators file Form 5500. The bill changes the deadlines for filing reports and furnishing information. It also requires the government to allow these reports and returns to be signed electronically.
Yes· 3 of 5
- Scored +3
Would business owners be better off under this?
Reduces administrative burden and adds electronic filing options for plan administrators/business owners.
- Scored +2
Does this make it easier to run a small business?
Simplifies administrative burdens for benefit plan administrators, which often include small business owners.
- Scored +1
Would people over 65 be better off under this?
Simplifies reporting for benefit plans, which often include retirement plans for seniors.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
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Flexible Deadlines for Disasters: Section 2(a)(1) allows the Secretary to determine a later filing time if a plan, sponsor, administrator, participant, or beneficiary is affected by a fire, disaster, or specific action described in section 7508A(b) of the Internal Revenue Code of 1986.
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Modernized Signing Process: Section 2(c)(1) requires the Secretary of the Treasury, Secretary of Labor, and Director of the Pension Benefit Guaranty Corporation to modify reports and returns to allow them to be signed using electronic means.
Potential Negative Impacts for People
- No negative impacts for individuals or groups of people are explicitly mentioned in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Demographic And Interest Groups
- Would business owners be better off under this? — Reduces administrative burden and adds electronic filing options for plan administrators/business owners. Would retired people be better off under this? — Simplifies reporting requirements for employee benefit and retirement plans. Would people over 65 be better off under this? — Simplifies reporting for benefit plans, which often include retirement plans for seniors.
- Economy And Finance
- Does this make it easier to run a small business? — Simplifies administrative burdens for benefit plan administrators, which often include small business owners.
- Environment Energy And Infrastructure
- Does this improve help for people hit by a disaster? — Allows for flexible filing deadlines for those affected by disasters.
- 7/13/2026
- Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
- 1 Cosponsor added.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Cory BookerDemocrat · New Jersey