Maine LD355: An Act to Advance the Maine Retirement Savings Program

What the bill says

An Act to Advance the Maine Retirement Savings Program.

From the engrossed text:

An Act to Advance the Maine Retirement Savings Program Sec. 1. Transfer of settlement funds. Notwithstanding any provision of law to the contrary, the State Controller shall transfer $625,000 from the Administration - Attorney General, Other Special Revenue Funds account within the Department of the Attorney General from funds received from settlement agreements to the Maine Retirement Savings Program Enterprise fund no later than June 30, 2027. Sec. 2. Appropriations and allocations. The following appropriations and allocations are made. MAINE RETIREMENT SAVINGS BOARD Maine Retirement Savings Program Z326 Initiative: Allocates funds to the Maine Retirement Savings Program Enterprise Fund to be used in accordance with the Maine Revised Statutes, Title 5, chapter 7-A. MAINE RETIREMENT SAVINGS PROGRAM 2025-26 2026-27 ENTERPRISE FUND All Other $0 $625,000 __________ __________ MAINE RETIREMENT SAVINGS PROGRAM $0 $625,000 ENTERPRISE FUND TOTAL Page 1 - 132LR0337(05)

Read the full official text

Sponsors

• Donna Bailey (D, 31) · primary sponsor
• Poppy Arford (D, 101)
• Joseph Baldacci (D, 9)
• Michelle Boyer (D, 123)
• Sally Cluchey (D, 52)
• Daughtry, Matthea E. L. (D, 23)
• Anne-Marie Mastraccio (D, 142)
• Rotundo, Peggy R. (D, 21)
• Parnell Terry (D, 108)

Latest actions

1. April 13, 2026: PASSED TO BE ENACTED, in concurrence.
2. April 13, 2026: PASSED TO BE ENACTED. Sent for concurrence. ORDERED SENT FORTHWITH.
3. April 13, 2026: The House RECEDED and CONCURRED to PASSAGE TO BE ENGROSSED as Amended by Committee Amendment "A" (S-305) as Amended by Senate Amendment "A" (S-667) thereto.ORDERED SENT FORTHWITH.
4. April 13, 2026: On motion by Senator ROTUNDO of Androscoggin taken from the Special Appropriations Table On motion by Same Senator the Senate SUSPENDED THE RULES to RECONSIDER their actions whereby the Bill was PASSED TO BE ENGROSSED AS AMENDED by Committee Amendment "A" (S-305) in concurrence. On further motion by Same Senator the Senate SUSPENDED THE RULES to RECONSIDER their actions whereby Committee Amendment "A" (S-305) was ADOPTED. On further motion by Same Senator Senate Amendment "A" (S-667) to Committe
5. June 25, 2025: CARRIED OVER, in the same posture, to any special or regular session of the 132nd Legislature, pursuant to Joint Order SP 800.
6. June 11, 2025: On motion by Senator ROTUNDO of Androscoggin PLACED ON THE SPECIAL APPROPRIATIONS TABLE pending ENACTMENT - Emergency -2/3 Elected Required
7. June 10, 2025: This being an emergency measure, a two-thirds vote of all the members elected to the House was necessary.PASSED TO BE ENACTED.Sent for concurrence. ORDERED SENT FORTHWITH.
8. June 9, 2025: CONSENT CALENDAR - FIRST DAYUnder suspension of the rules CONSENT CALENDAR - SECOND DAY.The Bill was PASSED TO BE ENGROSSED as Amended by Committee Amendment "A" (S-305).In concurrence. ORDERED SENT FORTHWITH.
9. June 9, 2025: Report READ and ACCEPTED.READ ONCE.Committee Amendment "A" (S-305) READ and ADOPTED.Under suspension of the Rules, READ A SECOND TIME and PASSED TO BE ENGROSSED AS AMENDED BY Committee Amendment "A" (S-305).Ordered sent down forthwith for concurrence.
10. March 21, 2025: CARRIED OVER, in the same posture, to the next special or regular session of the 132nd Legislature, pursuant to Joint Order SP 519.

Common questions

What is LD355?

LD355 is a bill in the Maine Legislature (132nd Legislature): An Act to Advance the Maine Retirement Savings Program.

What does LD355 do?

In its own words: An Act to Advance the Maine Retirement Savings Program.

What is the status of LD355?

Signed into law as of April 16, 2026. Latest action: PASSED TO BE ENACTED, in concurrence. (April 13, 2026).

Who sponsored LD355?

Donna Bailey (D, 31), with 8 co-sponsors.

Where is the official record for LD355?

On the Maine Legislature website: https://legislature.maine.gov/legis/bills/display_ps.asp?LD=355&snum=132