The INSIGHT Act amends federal pension law to increase congressional oversight of the Department of Labor's Employee Benefit Security Administration. The bill requires the agency to submit annual reports detailing the status of all enforcement investigations, including when they were opened, when documents were first requested, and whether cases are concluded within 36 months. Additionally, the legislation requires the agency to report annually on any agreements where it provides assistance to attorneys in civil lawsuits against employers or pension plan sponsors, including detailed logs of information shared, meetings held, and communications. The reports must protect the privacy of individuals involved while identifying the parties to assistance agreements. The bill takes effect upon enactment and applies to both new investigations and existing assistance agreements, with existing agreements given 60 days to comply with the new reporting requirements.
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