U.S. Congress legislation · 119th Congress
HB10703: Protecting Workers’ Benefits Act
Status: In committee, October 1, 2026
To amend the Employee Retirement Income Security Act of 1974 to strengthen accountability and protect plan assets.
What the bill says
To amend the Employee Retirement Income Security Act of 1974 to strengthen accountability and protect plan assets.
From the introduced text, October 1, 2026:
A BILL To amend the Employee Retirement Income Security Act of 1974 to strengthen accountability and protect plan assets. SECTION 1. Short title This Act may be cited as the Protecting Workers' Benefits Act . SECTION 2. Protecting Workers' Benefits Section 502 of the Employee Retirement Income Security Act of 1974 ( 29 U.S.C. 1132 ) is amended-- (1) in subsection (a)(2), by inserting plan, after or by a ; and (2) in subsection (d), by adding at the end the following: (3) (A) A participant or beneficiary of a plan may bring an action as an assignee for such plan pursuant to section 502(a)(2) for appropriate relief pursuant to section 409. Such an action shall be brought on behalf of the plan, and the participant or beneficiary must serve a copy of the complaint on such plan. (B) Any amount recovered in an action under this paragraph in which the plan prevails or substantially prevails, or in which a settlement is reached, shall be treated as a plan asset. (C) Subject to subparagraph (D), a participant or beneficiary who brings an action on behalf of a plan as described in subparagraph (A) in which the plan prevails or substantially prevails, or in which a settlement is reached, shall-- (i) be treated as having an equitable interest in the disposition …
Sponsors
- Robert Scott (D, HD-VA-3) · primary sponsor
Latest actions
- : Referred to the House Committee on Education and Workforce.
- : Introduced in House
Subjects: Labor and Employment
Common questions
- What is HB10703?
- HB10703 is a bill in Congress (119th Congress): Protecting Workers’ Benefits Act.
- What does HB10703 do?
- In its own words: To amend the Employee Retirement Income Security Act of 1974 to strengthen accountability and protect plan assets.
- What is the status of HB10703?
- In committee as of October 1, 2026. Latest action: Referred to the House Committee on Education and Workforce. (October 1, 2026).
- Who sponsored HB10703?
- Robert Scott (D, HD-VA-3).
- Where is the official record for HB10703?
- On the Congress website: https://www.congress.gov/bill/119th-congress/house-bill/10703
Source: official Congress record. Tracked by Delilah, AI for legislation across all 50 states and Congress.