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H.R. 7362119th CongressIn markupLatest action May 21, 2026Decoded by AI · checked against the record
Official title: Form 5500 Filing Simplification Act
Introduced:
Read the official bill on Congress.govThe plain-language version leads. The official text is always the reference.
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
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.
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.
The changes would alter compliance deadlines and filing procedures that plan sponsors and administrators must follow, requiring agencies to update their rules accordingly.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
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.