H.R. 7362

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7362 Introduced in House (IH)]

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119th CONGRESS
2d Session
H. R. 7362

To amend the Employment Retirement Income Security Act of 1974 to 
simplify the filing of Form 5500 for employee benefit plan 
administrators.

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IN THE HOUSE OF REPRESENTATIVES

February 4, 2026

Mr. Grothman (for himself, Mr. Norcross, Mr. Hamadeh of Arizona, Mr. 
Wilson of South Carolina, Mr. Fine, Mr. Moylan, Mr. Messmer, Mr. Rulli, 
and Mr. Allen) introduced the following bill; which was referred to the 
Committee on Education and Workforce, and in addition to the Committee 
on Ways and Means, 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

_______________________________________________________________________

A BILL

To amend the Employment Retirement Income Security Act of 1974 to 
simplify the filing of Form 5500 for employee benefit plan 
administrators.

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 ``Form 5500 Filing Simplification 
Act''.

SEC. 2. FORM 5500 FILING SIMPLIFICATION.

(a) ERISA Filing.--
(1) Filing with secretary and furnishing information to 
participants and certain employers.--Section 104(a)(1) of the 
Employee Retirement Income Security Act of 1974 (29 U.S.C. 
1024(a)(1)) is amended by striking ``within 210 days after the 
close of such year (or within such time as may be required by 
regulations promulgated by the Secretary in order to reduce 
duplicative filing)'' and inserting ``not later than the date 
that is 15 days after the end of the 9th calendar month that 
begins after the close of such year (or, if the Secretary 
determines that the employee benefit plan, or any sponsor, 
administrator, participant, beneficiary, or other person with 
respect to such plan, has been affected by a disaster, fire, or 
action as described in section 7508A(b) of the Internal Revenue 
Code of 1986, a later time determined appropriate by the 
Secretary)''.
(2) Annual report of plan administrators.--Section 4065 of 
the Employee Retirement Income Security Act of 1974 (29 U.S.C. 
1365) is amended, in the matter following paragraph (3), by 
striking ``within 6 months after the close of the plan year'' 
and inserting ``not later than the date that is 15 days after 
the end of the 9th calendar month that begins after the close 
of the plan year''.
(b) Treasury.--The Secretary of the Treasury shall conform Treasury 
Regulations and other guidance to the amendments made by subsection 
(a).
(c) Modernization of Filing Statements.--
(1) In general.--The Secretary of the Treasury, the 
Secretary of Labor, and the Director of the Pension Benefit 
Guaranty Corporation, as appropriate, shall modify the returns 
required under section 6058 of the Internal Revenue Code of 
1986 and the reports required under sections 104 and 4065 of 
the Employee Retirement Income Security Act of 1974 (29 U.S.C. 
1024, 1365) to permit such return or report, and any additional 
information required to be submitted with such return or 
report, to be signed through electronic means.
(2) Good-faith reliance.--A plan shall be treated as 
satisfying the requirements of this section if it complies in 
good faith with the provisions of this section until the date 
on which the Secretary of the Treasury, the Secretary of Labor, 
and the Director of the Pension Benefit Guaranty Corporation 
implement the modifications required under paragraph (1) of 
this subsection.
(d) Regulatory Authority.--The Secretary of Labor shall issue such 
regulations as are necessary to carry out the amendments made by this 
Act.
(e) Effective Date.--The amendments made by this Act shall apply to 
plan years ending on or after the date of the enactment of this Act.
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