Bill116th CongressFiled Mar 9, 2020Labor and Employment
S. 3417
INFORM Act
Bill journey · stage 2 of 5
Under committee review
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What it doesSummary introduced in senate (Mar 9, 2020)
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 just happenedMar 9, 2020
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Who’s behind it
Sen. Murray, Patty [D-WA](D-WA)Sponsor
2 cosponsors2 D
2cosponsors1committees2actions
- Introduced in SenateMar 9, 2020
- Mar 9, 2020IntroReferral
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Health, Education, Labor, and Pensions Committee - Mar 9, 2020IntroReferral10000
Introduced in Senate