This bill requires the Employee Benefits Security Administration (EBSA) to provide annual reports to Congress about its investigations into workplace retirement and benefit plans. Starting December 31 after the bill becomes law, EBSA must report on all active investigations and enforcement cases from the previous fiscal year, including which office opened each case, when it started, when documents were first requested, and whether cases were resolved within 36 months. The reports must explain why investigations lasting longer than 36 months have been delayed and provide estimated completion dates, but cannot identify private parties involved such as employers, plan administrators, or employees. This transparency measure affects employers and service providers subject to EBSA investigations under federal pension law, giving Congress better oversight of how long these investigations take and why some cases remain open for extended periods. The bill establishes no new funding requirements and contains no specific implementation timeline beyond the annual December 31 reporting deadline.
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