# 119-s-4953: Form 5500 Filing Simplification Act

119-s-4953, Form 5500 Filing Simplification Act, is a 119th Congress bill sponsored by Sen. Banks, Jim [R-IN] (R-IN); status introduced; PRIA reads it as touching household money (as of 2026-07-23).

- Canonical: https://policyrisk.com/legislation/119-s-4953
- As of: 2026-07-23
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-4953
- Congress: 119
- Title: Form 5500 Filing Simplification Act
- Status: introduced
- Introduced: 2026-07-13
- Sponsor: Sen. Banks, Jim [R-IN] (R-IN)
- Cosponsors: 1
- Policy area: Labor and Employment
- Touches household money: yes
- Last recorded action: 2026-07-23

## Summary

**This bill would simplify and modernize Form 5500 filing** by shortening the deadline and allowing electronic submission and signatures. - Plan administrators and plan sponsors would file annual Form 5500s within 15 days after the end of the 9th calendar month following the plan year instead of the older timing rules. - Employers and plan officials would be able to submit required returns and reports electronically and use electronic signatures, with a good-faith compliance standard until final regulations are issued. - The Treasury would be required to update its regulations and guidance to match the new deadlines, and the Secretary of Labor would get authority to issue implementing rules. - The changes would apply to plan years ending on or after the enactment date.

## Cosponsors (1)

- Sen. Booker, Cory A. [D-NJ] (D-NJ), 2026-07-13T00:00:00.000Z

## Provisions PRIA read

- Allow electronic Form 5500 signatures: benefit, low. This bill would let the Treasury, Labor Department, and PBGC permit electronic signatures on Form 5500 and related ERISA and tax returns. Plans that sign electronically in good faith would be treated as meeting signature rules until agencies finish implementing regulations. The Labor Department wou…
- More time to file Form 5500: benefit, low. This bill would give retirement plan sponsors and administrators more time to file Form 5500 and related ERISA reports. Filings would be due not later than 15 days after the end of the ninth calendar month that begins after the plan year ends. The Labor or Treasury Secretary could allow a later dea…

## Related bills

- 119-s-5066: Health Equity and Accountability Act of 2026
- 119-s-873: Fighter Force Preservation and Recapitalization Act of 2025
- 119-s-554: United States-Israel Defense Partnership Act of 2025
- 119-s-4189: INSULIN Act of 2026
- 119-s-1552: Living Donor Protection Act of 2025
- 119-s-410: Love Lives On Act of 2025

## Sources
- [119-s-4953 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/4953)

## Related
- [119-s-5066: Health Equity and Accountability Act of 2026](https://policyrisk.com/legislation/119-s-5066)
- [119-s-873: Fighter Force Preservation and Recapitalization Act of 2025](https://policyrisk.com/legislation/119-s-873)
- [119-s-554: United States-Israel Defense Partnership Act of 2025](https://policyrisk.com/legislation/119-s-554)
- [119-s-4189: INSULIN Act of 2026](https://policyrisk.com/legislation/119-s-4189)
- [119-s-1552: Living Donor Protection Act of 2025](https://policyrisk.com/legislation/119-s-1552)
- [119-s-410: Love Lives On Act of 2025](https://policyrisk.com/legislation/119-s-410)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-4953 (as of 2026-07-23).