Bill would set fixed 9-month-15-day deadline for benefit plan reports
In markupH.R. 7362Latest action
Sponsor: Glenn Grothman · Representative · WI
AIDecoded by AI · checked against the recordRead the official text
Official title: Form 5500 Filing Simplification Act
119th Congress
Topics: Jobs & the economy
Introduced:
Read the official bill on Congress.govIn plain words
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HR 7362 would replace the roughly 210-day Form 5500 deadline with a fixed 9-month-15-day filing period.
35-second read · 4 questions answered below
What does this do?
HR 7362 would change the Form 5500 filing deadline from about 210 days after the plan year ends to a fixed 9 months and 15 days, with extensions allowed for disasters or emergencies. It also aligns the separate Section 4065 pension termination report deadline to the same 9-month-15-day timeframe and directs agencies to allow electronic signatures.
Who does it affect?
The bill affects employers and organizations that sponsor employee benefit plans, such as 401(k)s and pensions, along with the accountants, lawyers, and administrators who file these reports on their behalf.
Why does it matter?
The changes would alter compliance deadlines and filing procedures that plan sponsors and administrators must follow, requiring agencies to update their rules accordingly.
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Read the official bill on Congress.govMake the call
Where does it stand?
- IntroducedFeb 4, 2026
- House committeeYou are here · May 21, 2026
- House vote
- Senate
- The president's desk
Right now: a House committee is reviewing it. If the Senate changes it, it goes back to the House before reaching the president.
Latest action: — Ordered to be Reported (Amended) by the Yeas and Nays: 22 - 12.