,,ii  #aag? ,,congress  #b;d ,session   
,s4 #daed  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,may #e1 #bjbb,mr4     
,hick5loop] 7= himself & ,ms4 ,coll9s7  
introduc$ ! foll[+ bill2 :i* 0 read     
twice & ref]r$ to ! ,committee on       
,heal?1 ,education1 ,labor1 & ,p5sions  
,a ,,bill  ,to provide bett] access to  
retirem5t plans ?r\gh small bus9esses4  
#a4 ,%ort title ,?is ,act may be cit$ z 
! ,simplify+ ,small ,bus9ess ,retirem5t 
,sav+s ,act4  #b4 ,annual audit p>ity = 
gr\p ( plans ,section #bjb7;a7 ( !      
,sett+ ,e ,community ,up = ,retirem5t   
,enhancem5t ,act ( #bjai 7,public ,law  
#aaf-id2 #bf ,u4,s4,c4 #fjeh note7 is   
am5d$-- 7#a7 by /rik+ s t all memb]s &  
ins]t+ ! foll[+3 8s t--  7#a7 all memb]s
  2  7#b7 by /rik+ ! p]iod & ins]t+ 2 &2
 &  7#c7 by add+ at ! end ! foll[+3     
7#b7 any op9ions requir$ by section     
#ajc7;a77#c7 ( ! ,employee ,retirem5t   
,income ,security ,act ( #aigd 7#bi     
,u4,s4,c4 #ajbc7;a77#c77 %all relate    
only to ea* individual plan :i* w\ld    

o!rwise be subject to ! requirem5ts (   
su* section #ajc7;a77#c74  4  #c4 ,pool$
 employ] plans modification ,section    
#c7dc77;,b77ii7 ( ! ,employee ,retirem5t
 ,income ,security ,act ( #aigd 7#bi    
,u4,s4,c4 #ajjb7dc77;,b77ii77 is am5d$  
to read z foll[s3  7ii7 designate a nam$
 fiduci>y 7o!r ?an an employ] 9 ! plan7 
to be responsible = collect+            
contributions to ! plan & require su*   
fiduci>y to implem5t writt5 contribution
 collection proc$ures t are reasonable1 
dilig5t1 & sy/ematic2  4  #d4 ,report on
 pool$ employ] plans ,! ,secret>y (     
,labor %all-- 7#a7 conduct a /udy on !  
pool$ employ] plan 7z su* t]m is def9$ 9
 section #c7dc7 ( ! ,employee ,retirem5t
 ,income ,security ,act ( #aigd 7#bi    
,u4,s4,c4 #ajjb7dc777 indu/ry1 includ+  
on-- 7,a7 ! legal "n & numb] ( pool$    
employ] plans2  7,b7 ! numb] (          
p>ticipants 9 su* plans2  7,c7 ! range (
 inve/m5t options provid$ 9 su* plans2  
7,d7 ! fees assess$ 9 su* plans2  7,e7 !
 mann] 9 :i* employ]s select & monitor  

su* plans2  7,f7 ! disclosures provid$  
to p>ticipants 9 su* plans2  7,g7 !     
numb] & nature ( any en=cem5t actions by
 ! ,secret>y ( ,labor on su* plans2     
7,h7 ! ext5t to :i* su* plans h increas$
 retirem5t sav+s cov]age 9 ! ,unit$     
,/ates2 &  7,i7 any additional in=mation
 z ! ,secret>y det]m9es necess>y2 &     
7#b7 n lat] ?an #b ye>s aft] ! date (   
enactm5t ( ?is ,act1 & e #e ye>s        
!reaft]1 submit to ,congress & make     
available on a publicly accessible      
website ( ! ,dep>tm5t ( ,labor1 a report
 on ! f9d+s ( ! /udy "u p>agraph 7#a71  
includ+ recomm5dations on h[ pool$      
employ] plans c be improv$1 ?r\gh       
legislation1 to s]ve & protect retirem5t
 plan p>ticipants4