U.S. Senators Banks and Cassidy introduce INSIGHT Act on transparency

On 2026-04-21, Senators Jim Banks and Bill Cassidy introduced the INSIGHT Act in Washington, D.C. The bill would require the Employee Benefits Security Administration to report annually to Congress on enforcement investigations and related agreements, and would add transparency notifications to Congress and affected plan sponsors. The action is a domestic legislative proposal aimed at oversight and accountability, with no signed agreement yet.