Employee Leasing Act of 1992

Employee Leasing Act of 1992 - Amends the Internal Revenue Code to provide an additional safe harbor of retirement protection for employees of leasing organizations. Specifies the circumstances under which a leasing organization is treated as the sole employer of a leased employee. Provides that if a recipient utilizes a leased employee of an organization that maintains a retirement plan with a funding deficiency, then the recipient is treated as the employer for retirement purposes.

Directs the Secretary of the Treasury to prescribe regulations to ensure prompt reporting and deposits of withholding and payroll taxes by qualified leasing organizations, including procedures for registering such organizations.