S. 1035 · 115th Congress
PROSPERS Act
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Never voted on. It didn't reach a floor vote before the 115th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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HeinrichSponsor20 cosponsors · 20 D
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Bennet
RB
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Blumenthal
CB
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Booker
BC
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Cardin
TC
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Carper
RD
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Durbin
TD
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Duckworth
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Feinstein
KH
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Harris
MH
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Hassan
PM
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Murray
CM
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Murphy
JM
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Merkley
JS
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Shaheen
CV
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Van Hollen
RW
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Wyden
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Whitehouse
EW
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Warren
TB
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Baldwin
TK
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Kaine17 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Preserve Rights Of States and Political subdivisions to Encourage Retirement Savings Act or the PROSPERS Act
What it does: CRS summary · Introduced in Senate · May 3, 2017
Preserve Rights Of States and Political subdivisions to Encourage Retirement Savings Act or the PROSPERS Act
This bill amends the Employee Retirement Income Security Act of 1974 (ERISA) to specify that states and certain political subdivisions may establish and administer voluntary payroll deduction retirement savings programs for private sector employees that are not considered employee pension benefit plans or pension plans covered by ERISA if the plans meet certain requirements.
The bill requires the plans to be established, implemented, and administered by states or political subdivisions. The plans must also be voluntary for employees and meet other specified requirements, including restrictions on the involvement of employers and obligations to enforce the rights of employees.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: PROSPERS Act
Also known as: Preserve Rights Of States and Political subdivisions to Encourage Retirement Savings Act
Latest action (May 3, 2017): Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Policy area: Labor and Employment · Origin: Senate · Introduced: May 3, 2017
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.