# 115-hr-6540: Retirement Savings Lost and Found Act of 2018

115-hr-6540, Retirement Savings Lost and Found Act of 2018, is a 115th Congress bill sponsored by Rep. Bonamici, Suzanne [D-OR-1] (D-OR); status Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/115-hr-6540
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 115-hr-6540
- Congress: 115
- Title: Retirement Savings Lost and Found Act of 2018
- Status: Referred to the Committee on Ways and Means, and in addition to the Committee on Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
- Introduced: 2018-07-26
- Sponsor: Rep. Bonamici, Suzanne [D-OR-1] (D-OR)
- Cosponsors: 3
- Policy area: Labor and Employment
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Retirement Savings Lost and Found Act of 2018 This bill requires the Department of the Treasury and the Social Security Administration (SSA) to create an online Retirement Savings Lost and Found (RSLF) to assist individuals in locating certain employer-sponsored retirement accounts. The RSLF must provide plan participants or beneficiaries only with the ability to view contact information for the administrator of a plan that is sufficient to locate the plan. The bill amends the Internal Revenue Code (IRC) to set forth additional reporting and notification requirements for retirement plans. Treasury and the SSA must take precautions to: (1) safeguard the privacy and security of participants' plan information, and (2) permit plan participants to opt out of inclusion in the RSLF. The bill amends the Employee Retirement Income Security Act of 1974 (ERISA) and the IRC to revise provisions that permit mandatory distributions of the balances of small retirement accounts using a rollover into an Individual Retirement Account (IRA). The bill modifies the investment options available for the distributions and increases the maximum account balance that may be subject to such a distribution. A plan must transfer unclaimed mandatory distributions that are $1,000 or less to the RSLF or to an IRA established by Treasury. The RSLF must invest funds received in Treasury securities and distribute the balance upon receiving an application from a plan participant or beneficiary.

## Cosponsors (3)

- Rep. Jackson Lee, Sheila [D-TX-18] (D-TX), 2018-09-25T00:00:00.000Z
- Rep. Messer, Luke [R-IN-6] (R-IN), 2018-07-26T00:00:00.000Z
- Sen. Banks, Jim [R-IN] (R-IN), 2018-07-26T00:00:00.000Z

## Related bills

- 115-hr-5879: Merchant Mariners of World War II Congressional Gold Medal Act of 2018
- 115-hr-4396: ME TOO Congress Act
- 115-hr-2740: Rabbi Michoel Ber Weissmandl Congressional Gold Medal Act of 2017 (sic)
- 115-hr-2519: The American Legion 100th Anniversary Commemorative Coin Act
- 115-hr-2315: To posthumously award the Congressional Gold Medal to each of Glen Doherty, Tyrone Woods, J. Christopher Stevens, and Sean Smith in recognition of their contri…
- 115-hr-754: Anwar Sadat Centennial Celebration Act

## Sources
- [115-hr-6540 on Congress.gov](https://www.congress.gov/bill/115th-congress/house-bill/6540)

## Related
- [115-hr-5879: Merchant Mariners of World War II Congressional Gold Medal Act of 2018](https://policyrisk.com/legislation/115-hr-5879)
- [115-hr-4396: ME TOO Congress Act](https://policyrisk.com/legislation/115-hr-4396)
- [115-hr-2740: Rabbi Michoel Ber Weissmandl Congressional Gold Medal Act of 2017 (sic)](https://policyrisk.com/legislation/115-hr-2740)
- [115-hr-2519: The American Legion 100th Anniversary Commemorative Coin Act](https://policyrisk.com/legislation/115-hr-2519)
- [115-hr-2315: To posthumously award the Congressional Gold Medal to each of Glen Doherty, Tyr…](https://policyrisk.com/legislation/115-hr-2315)
- [115-hr-754: Anwar Sadat Centennial Celebration Act](https://policyrisk.com/legislation/115-hr-754)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/115-hr-6540 (as of 2025-11-18).