Unclaimed Retirement Rescue Plan
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- House
- Sponsors
- 18
- Latest action
- Sep 11, 2025
What it does
The bill directs the Secretary of Labor to issue a regulation within 180 days of enactment that allows pension plan administrators to voluntarily transfer unclaimed retirement distributions—defined as unclaimed benefits of $50 or more that have gone unclaimed for 90 days (in terminating plans) or 12 months (in other plans), up to $5,000—to state unclaimed property programs via a national clearinghouse. Before transferring, administrators must attempt to locate the beneficiary using database and commercial searches and send a notice via secure means (email, mail, or portal) explaining the transfer and how to prevent it, unless updated contact information cannot be found. The bill provides…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
In the news
Reporting that may mention this subject. Possible matches are labeled.
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Where it goes next
While a bill can still move, the questions are about people and money.