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H.R. 5877: Pension Risk Transfer Accountability Act of 2021

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H.R. 5877: Pension Risk Transfer Accountability Act of 2021

117th Congress · introduced 2021-11-04 · Labor and Employment · Latest: Referred to the House Committee on Education and Labor.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2021-11-04 · official record
  2. Who proposed it: Rep. Mrvan, Frank J. [D-IN-1] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Referred to the House Committee on Education and Labor. Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Pension Risk Transfer Accountability Act of 2021

Plain summary

Pension Risk Transfer Accountability Act of 2021 This bill requires the Department of Labor to (1) review the fiduciary standards that apply to the selection of an annuity provider for certain defined benefit pension plans, and (2) assess any risk to plan participants from such standards.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Pension Risk Transfer Accountability Act of 2021

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

Arguments for (supporters)

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Arguments against (opponents)

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Mrvan, Frank J. [D-IN-1] · 0 cosponsors

Cost estimate: No cost estimate published yet.

Sponsor's campaign money: Rep. Mrvan, Frank J. [D-IN-1] reported raising $3.0 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (1)
Bill
A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong117-hr5877 · catalog fed-us-congress-bills-cong117 · updated 2026-11-15 by psicol fed-bills-cong117