Federal • US Congress

H.R. 7362: Form 5500 Filing Simplification Act

Rep. Glenn Grothman (R-WI)Reported

H.R. 7362 status: Reported.

1

What this bill does

Overall score

Score85/100 civic fit
RiskLow risk
ImpactModerate impact 45/100

Bill summary

AI Summary

The bill standardizes administrative filing deadlines across federal agencies and modernizes signature requirements for thousands of U.S. employee benefit plans.

Key analysis

Constitutionality100%
Bipartisan90%
Public opinion75%
2

Impact analysis

Environment

Mixed / Neutral
50%

Benefits

  • no direct impact identified

Risks

  • no direct impact identified

Economy

Positive Outlook
75%

Benefits

  • reduces administrative compliance costs for employers
  • aligns reporting timelines with standard tax filings

Risks

  • short-term transitional costs for agency system updates

Society

Positive Outlook
60%

Benefits

  • improves plan reporting reliability through simplified processes
  • enables easier electronic access and participation

Risks

  • minor potential for errors during the implementation phase
3

How trustworthy & consequential it is

Source

Congress.gov

Official bill text or data from Congress.gov.

Confidence

high

high

Information is complete and verified.

Analysis status

Full bill text (Congress.gov)

Source used for this bill's analysis.

Warning

good-faith reliance clause may cause temporary reporting inconsistency during system transitions

Limitation

administrative efficacy depends on agency rulemaking

4

Where it stands

Introduced

Complete
2

Committee

Current

Reported

3

Floor

Upcoming
4

Enacted

Upcoming
5

How it affects your district

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6

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