Contact Congress about H.R. 5325: Unclaimed Retirement Rescue Plan

Pension plans could send small unclaimed retirement payments to state programs that help people find lost money. Plans must first try to locate the person the money belongs to, and the government would track all transfers in a searchable database.

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Unclaimed Retirement Rescue Plan is a House bill in committee. The latest recorded action: Referred to the Committee on Education and Workforce, and in addition to the Committee on Ways and Means, 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.

Latest action on H.R. 5325: Referred to the Committee on Education and Workforce, and in addition to the Committee on Ways and Means, 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.

Who this affects: This bill affects workers who have lost track of retirement benefits, pension plan managers who handle unclaimed accounts, state governments that run unclaimed property programs, and the Department of Labor which must write and enforce the new rules.

Why this matters: Millions of dollars in small retirement benefits go unclaimed every year because workers change jobs and lose track of old accounts. Right now, there is no standard way to handle this money, and it can be very hard for people to find benefits they are owed. This bill creates a clear, nationwide process to move those funds to state programs that already specialize in returning lost money to people.

Key provisions in H.R. 5325

• The Labor Department must write rules within 180 days letting pension plans voluntarily send unclaimed retirement payments to state programs through a national clearinghouse.
• For ongoing plans, only single unpaid amounts of $5,000 or less that have gone unclaimed for 12 months qualify. The Labor Secretary can raise this dollar limit later.
• For plans that are shutting down, payments not cashed or claimed within 90 days after they become due count as unclaimed.
• Before transferring any unclaimed payment of $50 or more, the plan must search databases and other reasonable outside sources for updated contact information when existing information looks wrong.
• If updated contact details are found, the plan must send a secure notice explaining the planned transfer to a state program and how to stop it.

How Modern Action helps you take action on H.R. 5325

You do not have to start with a blank letter. Modern Action turns the bill, your position, and the relevant congressional context into a message you can edit and send. The goal is to make contacting Congress clear, specific, and useful without forcing you to parse bill text or figure out the right office on your own.

Questions people ask about H.R. 5325

What is H.R. 5325?

Pension plans could send small unclaimed retirement payments to state programs that help people find lost money. Plans must first try to locate the person the money belongs to, and the government would track all transfers in a searchable database.

How do I support or oppose H.R. 5325?

Choose support, oppose, or ask for changes on Modern Action. The action flow drafts the message for you and keeps the wording tied to this bill.

Who should I contact about H.R. 5325?

Modern Action uses your location to route the action to the congressional offices relevant to the bill and your representation.

Can Modern Action explain H.R. 5325 before I act?

Yes. Modern Action gives you a plain-English summary, current status, and action context before you send anything.