S 3417 116th Congress Senate Labor and Employment

INFORM Act

Introduced: March 9, 2020 Introduced by: Murray, Patty Democratic · Washington See on congress.gov

Everywhere this bill has been 2 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Mar 9, 2020

Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Mar 9, 2020

Introduced in Senate

Ask about this bill AI · grounded in the bill text

Have a question about what this bill does? Ask in plain English; the answer is drawn from the bill's actual text and official record, and it'll tell you when something isn't in the text rather than guess.

AI answers can be imperfect; always confirm against the full bill text.

Plain-English summary Congressional Research Service

Information Needed for Financial Options Risk Mitigation or the INFORM Act

This bill requires pension plan sponsors to provide certain information to participants and beneficiaries when the sponsor makes an offer to pay the plan's lifetime annuity as a lump sum. This includes the relative value of the lump sum option compared to the lifetime annuity and the general tax rules for accepting such lump sum.

What's happening now March 9, 2020

Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Bill text 1 version