To amend the Employee Retirement Income Security Act of 1974 to strengthen accountability and protect plan assets.
Latest action (1 Oct 2026): Introduced
What this bill does
H.R. 10703, introduced by Representative Robert “Bobby” Scott, is a proposed law that aims to make changes to the Employee Retirement Income Security Act of 1974. The stated purpose of this bill is to enhance accountability and safeguard the assets held within employee retirement plans. The bill does not yet specify the exact measures that would be implemented to achieve these goals.
This legislation would likely affect individuals who participate in employee retirement plans covered by the Employee Retirement Income Security Act, as well as the entities that administer these plans. The intended outcome is to provide greater protection for retirement savings. The specific details of who is impacted and in what ways will be clearer once the full text of the bill is made public.
As H.R. 10703 has just been introduced in the 119th Congress, it is in the very early stages of the legislative process. The bill's next steps would involve being considered by committees in the House of Representatives. At this time, the complete text of the bill, detailing its specific provisions, has not been released.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Official summary
This bill is in the first stage of the legislative process. It was introduced into Congress on October 1, 2026. It will typically be considered by committee next before it is possibly sent on to the House or Senate as a whole.
Common questions
- What does H.R. 10703 do?
- H.R. 10703, introduced by Representative Robert “Bobby” Scott, is a proposed law that aims to make changes to the Employee Retirement Income Security Act of 1974. The stated purpose of this bill is to enhance accountability and safeguard the assets held within employee retirement plans. The bill does not yet specify the exact measures that would be implemented to achieve these goals. This legislation would likely affect individuals who participate in employee retirement plans covered by the Employee Retirement Income Security Act, as well as the entities that administer these plans. The intended outcome is to provide greater protection for retirement savings. The specific details of who is impacted and in what ways will be clearer once the full text of the bill is made public. As H.R. 10703 has just been introduced in the 119th Congress, it is in the very early stages of the legislative process. The bill's next steps would involve being considered by committees in the House of Representatives. At this time, the complete text of the bill, detailing its specific provisions, has not been released.
- Has H.R. 10703 become law?
- Not yet. As of 1 Oct 2026, H.R. 10703 is introduced.
- Who sponsored H.R. 10703?
- H.R. 10703 was sponsored by Rep. Robert “Bobby” Scott [D-VA3] (Democrat-VA), with 0 cosponsors.
- What's the latest action on H.R. 10703?
- Introduced (1 Oct 2026).
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