Bill · S. 4360· Senate(119-S-4360)
INSIGHT Act
- Introduced
- 4/21/2026
- Last activity
- 4/21/2026 — Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
- Sponsored by
- Jim Banks
- Cosponsors
- - 3 - 0
- Introduced
- In Committee
What this bill would do
This bill, known as the "Investigation Status and Governance for Honest Transparency Act" or the "INSIGHT Act," seeks to amend the Employee Retirement Income Security Act of 1974. It requires the Employee Benefit Security Administration to submit annual reports to Congress regarding the status of active enforcement investigations. The bill also establishes new requirements for "adverse assistance" provided to individuals, specifically regarding advice directed toward attorneys for civil actions. Under these rules, the Secretary must enter into written agreements and provide copies to impacted employers or fiduciaries before providing such assistance. Finally, the Act declares a policy to promote and facilitate the voluntary establishment and maintenance of employee benefit plans.
Yes
Does this make what the government does easier for the public to see?+5
The bill mandates detailed annual reporting to Congress on the status of investigations and assistance agreements.
Would business owners be better off under this?+3
The bill requires the Secretary to notify employers or fiduciaries of assistance provided to individuals that may impact them.
Does this strengthen Social Security?+2
The bill declares a policy to promote and facilitate the voluntary establishment and maintenance of employee benefit plans.
The opposite
Would union members be better off under this?-2
The bill creates more rigorous reporting and notification requirements for assistance provided to attorneys in civil actions.
Who it would affect, and how
Potential Positive Impacts for People
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Increased Transparency on Investigations: The Secretary must submit an annual report to Congress detailing the status of enforcement cases, including which office opened them, when they began, and when document requests were made (Section 2).
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Accountability for Long-Running Investigations: For investigations not concluded within a 36-month period, the report must include why the investigation is not finished and an estimated date of conclusion (Section 2).
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Formalized Assistance Agreements: When providing "adverse assistance" to an individual, the Secretary is required to enter into a written agreement detailing the nature and scope of that assistance (Section 3).
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Notification of Impacted Parties: The Secretary must provide a copy of the adverse assistance agreement to any employer, plan sponsor, or fiduciary that may be directly and adversely impacted (Section 3).
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Detailed Documentation of Assistance: The Secretary must submit annual reports to Congress containing detailed descriptions of the assistance provided, including logs of verbal communications and meetings (Section 3).
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Support for Pension Plans: The Act declares a policy to promote, encourage, and facilitate the voluntary establishment and maintenance of employee benefit plans (Section 4).
Potential Negative Impacts for People
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Information Disclosure to Impacted Parties: The Secretary is required to provide copies of written agreements regarding adverse assistance to employers, plan sponsors, or fiduciaries that may be adversely impacted (Section 3).
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Mandatory Reporting of Assistance Details: The Secretary must report detailed information to Congress regarding the source, type, and amount of information shared, as well as logs of all communications and meetings related to adverse assistance (Section 3).
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Hover a score for the reason it gave.
- Governance And Ideology
- Improves Government Transparency+5
- Social Issues And Justice
- Improves Social Security+2
- Demographic And Interest Groups
- Good For Business Owners+3Good For Union Workers-2
- 4/21/2026
- Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
- 3 Cosponsors added.
- Introduced in Senate
One bill Congress.gov lists as related to this one — companions in the other chamber, earlier versions, and bills this one absorbed or was folded into.
Bill CassidyRepublican · Louisiana
Tim ScottRepublican · South Carolina
Tommy TubervilleRepublican · Alabama