United States 119th Congress Status: In Committee 4 R cosponsors

S 2003 — Strengthening Benefit Plans Act of 2025

Last action — Read twice and referred to the Committee on Finance.

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the Senate. Introduced June 10, 2025. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the Senate.

Prognosis

Stalled 22% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • In Committee

    Current position in the legislative process.

  • 4 sponsors

    1 primary, 3 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (4 R).

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

How this bill changes current law

4 changes Share ↗

Compared against current U.S. Code AI-generated reading aid — verify against the official bill.

The bill allows the transfer of excess health assets from pension plans to fund benefits for active employees without penalties under certain conditions.

  • 29 U.S.C. 1003

    Transfers of Excess Health Assets.--A pension plan shall not be treated as failing to meet the requirements of this subchapter solely by reason of any transfer made as permitted by section 420(h) of the Internal Revenue Code of 1986.

    Establishes that pension plans can transfer excess health assets without being deemed non-compliant.

  • 29 U.S.C. 1083(l)

    Notwithstanding the preceding sentence, any assets transferred to the plan pursuant to section 420(h) of such Code shall be treated as assets in the plan.

    Ensures that transferred excess health assets are counted as part of the plan's assets.

  • 29 U.S.C. 1108(b)(13)

    . → , or any transfer of excess health assets permitted under section 420(h) of such Code (as in effect on the date of the enactment of the Strengthening Benefit Plans Act of 2025).

    Clarifies that transfers of excess health assets are permissible under existing regulations.

  • 29 U.S.C. 1021(e)

    Transfers of excess health assets.--(A) Notice to participants.--Not later than 60 days before the date of a transfer by an employee pension benefit plan of excess health assets pursuant to section 420(h)(1) of the Internal Revenue Code of 1986, the administrator of the plan shall provide notice (in such manner as the Secretary may prescribe) of such transfer to each participant and beneficiary under the plan.

    Imposes a notification requirement for participants regarding transfers of excess health assets.

Action History

  1. Introduced in Senate

  2. Read twice and referred to the Committee on Finance.

Sponsors

Sponsorship breakdown

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1 sponsors · 3 co-sponsors · 543 not signed on

Sponsors (1)

Co-sponsors (3)

Not signed on (543)

543 members have not signed on to this bill.

Show all 543 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

finance labor health-insurance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

Who sponsors S 2003?
S 2003 is sponsored by Cassidy, Bill (Republican), Tillis, Thomas (Republican), Marshall, Roger (Republican), and Scott, Tim (Republican).
What is the current status of S 2003?
This bill is in committee in the Senate. Introduced June 10, 2025. It must pass committee before a floor vote.
Where can I track S 2003?
Track S 2003 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 3 months ago · updated continuously

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