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Improved Retirement Plan Fee Disclosures for Savers

This act aims to improve how citizens receive information about fees in their retirement plans. This will make it easier to understand the costs of managing savings and how these costs affect the total amount accumulated for retirement. The goal is to increase financial awareness and help make better decisions about future savings.
Key points
Greater Transparency: Citizens will receive clearer and easier-to-understand information about fees in their retirement plans.
Better Decisions: Understanding the impact of fees on savings will help in making informed financial decisions for the future.
Collaboration: The Department of Labor will consult with various groups to ensure the new rules are effective.
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Expired
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Additional Information
Print number: 117_HR_7284
Sponsor: Rep. Wild, Susan [D-PA-7]
Process start date: 2022-03-30
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Informed Savers Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_7284.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2022-03-30.

What are the main provisions?

Key points include:

  • Greater Transparency: Citizens will receive clearer and easier-to-understand information about fees in their retirement plans.
  • Better Decisions: Understanding the impact of fees on savings will help in making informed financial decisions for the future.
  • Collaboration: The Department of Labor will consult with various groups to ensure the new rules are effective.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Wild, Susan [D-PA-7].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Education and Labor.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Labor Economy