Creates the 10-member Joint Legislative Study Committee on Small Business Retirement Options (Committee), to be made up of the specified membership and appointments. Requires that the Committee study four specified topics including ways the State can reduce the burden on small businesses that want to offer payroll deduction retirement savings options to employees, and optimal oversight for any proposed retirement program. Requires the Committee to report to the Speaker of the House, President Pro Tempore of the Senate, and Fiscal Research Division by March 31, 2020. Terminates the Committee upon the earlier of the report submission or March 31, 2020.