HR 2958
Advanced toward a vote
Requires the Department of Labor to report yearly to Congress on written agreements under which it gives assistance to attorneys preparing civil lawsuits over employee retirement plans.
Official title: Balance the Scales Act
Timeline each lane is a chamber; dates pull from congress.gov actions
House
Introduced
17-APR-2025
Referred
17-APR-2025
Approved by committee
17-SEP-2025
Reported
20-FEB-2026
On the calendar
20-FEB-2026
- Requires the Secretary of Labor to sign a written agreement with an individual and give a copy to affected employers, plan sponsors, or fiduciaries before providing "adverse assistance" to an attorney for a civil action under ERISA section 502(a).
- Requires an annual report to Congress by December 31 covering all such agreements, including copies, dates, and logs of meetings and communications, with the first report due 60 days after enactment.
- Bars the report from identifying anyone other than the parties to each agreement.
- Adds a congressional finding and policy statement that encourages the voluntary sponsorship and maintenance of private pension plans.
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CRS is the Library of Congress's nonpartisan research office. Check on congress.govLabor and Employment
■ 1 R
1 Republican