This legislation, titled the INSIGHT Act, aims to increase transparency and accountability within the Employee Benefit Security Administration (EBSA) by amending the Employee Retirement Income Security Act of 1974 (ERISA). It mandates that the Secretary of Labor, through EBSA, submit annual reports to Congress on the status of its enforcement activities. These reports will cover active investigations, instances where investigative authority was asserted, and targeted compliance monitoring during the preceding fiscal year. The annual report on investigations must include specific details for each case, such as the EBSA office involved, the opening date, and the date documents were first requested from the target. Crucially, it requires EBSA to report whether an investigation concluded within 36 months of the initial document request and, if not, to explain the delay and provide an estimated conclusion date. However, these reports are specifically prohibited from including information that identifies any private party involved in the investigation. Furthermore, the bill introduces new requirements for EBSA when it provides what is termed "adverse assistance" to individuals, specifically attorneys, for potential civil actions under ERISA. Before providing such assistance, EBSA must enter into a written agreement detailing the nature and scope of the help. A copy of this agreement must then be provided to any employer, plan sponsor, or fiduciary who may be directly and adversely impacted by the assistance. EBSA will also be required to submit an annual report to Congress detailing all such adverse assistance agreements in effect during the preceding fiscal year. This report must include a copy of each agreement, a detailed description of the assistance provided, including information shared and logs of communications and meetings, and an explanation of how the agreement aligns with the public policy of promoting voluntary employee benefit plans. While the report must identify the parties to the agreement, it cannot include information that identifies other individuals or entities who might be potential defendants. Finally, the bill amends ERISA's declaration of policy to explicitly state that Congress finds the retirement security of millions of employees is directly impacted by the voluntary sponsorship and maintenance of pension plans. It declares that a policy of ERISA is to promote, encourage, and facilitate the voluntary establishment and maintenance of, and contribution to, such plans.