03.18.26

House Committee Advances Bill To Tighten Retirement Plan Lawsuit Rules

by: James Van Bramer

The U.S. House Committee on Education and the Workforce advanced the ERISA Litigation Reform Act, aiming to make it harder for employees and retirees to bring certain lawsuits against retirement plan fiduciaries. The bill would raise pleading standards for claims, particularly those involving excessive fees or employee stock ownership plans, and pause costly discovery until motions to dismiss are decided. Supporters argue it curbs frivolous class actions that drain plan resources, while opponents contend it undermines workers’ ability to challenge mismanagement. The full House will consider the bill after further review.

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