S 4087 117th Congress Senate Labor and Employment

INFORM Act

Introduced: April 26, 2022 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

Apr 26, 2022

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

Apr 26, 2022

Introduced in Senate

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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 single life annuity and the qualified joint and survivor annuity, as well as the general tax rules for accepting such lump sum.

What's happening now April 26, 2022

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

Related & companion bills 1

Bill text 1 version