This bill amends the Employee Retirement Income Security Act of 1974 (ERISA) to modify pleading standards for specific civil actions. For claims alleging that a fiduciary caused a plan to engage in a transaction violating section 406(a)(1)(C) or (D), the plaintiff bears the burden of plausibly alleging and proving the transaction is not exempt under section 408(b)(2). Similarly, for claims concerning transactions violating section 406 related to the purchase or sale of qualified employer securities, the plaintiff must plausibly allege and prove the transaction is not exempt under section 408(e). These changes aim to strengthen the initial evidentiary requirements for plaintiffs in such cases. The bill also introduces significant changes to discovery procedures in civil actions against plans or their fiduciaries. It mandates that all discovery and other proceedings shall be stayed during the pendency of a motion brought under Rule 12 of the Federal Rules of Civil Procedure or pending any reply to an answer under Rule 7(a)(7). This stay can only be lifted if the court finds particularized discovery is necessary to preserve evidence or prevent undue prejudice. During such a stay, parties with actual knowledge of the allegations must treat relevant documents as if they were subject to a continuing request for production, ensuring preservation. The bill also allows for sanctions against parties who willfully fail to comply with these preservation obligations and permits federal courts to stay state court discovery in related actions.