Legis Daily

INFORM Act

USA117th CongressS-4087| Senate 
| Updated: 4/26/2022
Patty Murray

Patty Murray

Democratic Senator

Washington

Cosponsors (3)
Bill Cassidy (Republican)Tina Smith (Democratic)Tammy Baldwin (Democratic)

Health, Education, Labor, and Pensions Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

S 116-3417
INFORM Act
Apr 26, 2022
Introduced in Senate
Apr 26, 2022
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
  • Bill from Previous Congress

    S 116-3417
    INFORM Act


  • April 26, 2022
    Introduced in Senate


  • April 26, 2022
    Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Labor and Employment

Related Bills

  • S 117-4353: RISE & SHINE Act

INFORM Act

USA117th CongressS-4087| Senate 
| Updated: 4/26/2022
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.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline

Bill from Previous Congress

S 116-3417
INFORM Act
Apr 26, 2022
Introduced in Senate
Apr 26, 2022
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
  • Bill from Previous Congress

    S 116-3417
    INFORM Act


  • April 26, 2022
    Introduced in Senate


  • April 26, 2022
    Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Patty Murray

Patty Murray

Democratic Senator

Washington

Cosponsors (3)
Bill Cassidy (Republican)Tina Smith (Democratic)Tammy Baldwin (Democratic)

Health, Education, Labor, and Pensions Committee

Labor and Employment

Related Bills

  • S 117-4353: RISE & SHINE Act
  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted