Railroad Retirement Board Stability Act
The source supplies the latest action, but no lifecycle stage.
Latest action (4 Aug 2026): Placed on Senate Legislative Calendar under General Orders. Calendar No. 540.
What this bill does
S. 4965, the Railroad Retirement Board Stability Act, would restructure how the Railroad Retirement Board (RRB) funds its administrative operations. It creates a new Railroad Retirement Board Administrative Account, into which the Board could transfer money from the Railroad Retirement Account, the Social Security Equivalent Benefits Account, and the Railroad Unemployment Insurance Administration Fund, subject to annual caps tied to a percentage of benefits paid or trust fund holdings. Within this account, a dedicated Technology Fund would receive set minimum transfers from 2027 through 2031 to help complete modernization of the RRB's aging benefit-processing computer systems. The bill also directs the Government Accountability Office to study and report on best practices for modernizing the RRB's legacy systems, with an initial report and a later follow-up report assessing the Board's progress. Separately, the bill includes an unrelated provision shifting the due date for certain pension insurance premiums owed by single-employer pension plans to the federal Pension Benefit Guaranty Corporation, but only for plan years between 2036 and 2037.
The measure primarily affects the Railroad Retirement Board's internal budgeting and technology operations, and indirectly affects railroad retirees, unemployment insurance beneficiaries, railroads, and rail unions who rely on the Board's timely and accurate benefit processing. The pension provision would affect sponsors of single-employer retirement plans required to pay PBGC premiums in those specific years.
The bill was introduced in the Senate on July 14, 2026, by Senator Cassidy and referred to the Committee on Health, Education, Labor, and Pensions. On July 30, 2026, the committee ordered it reported favorably with an amendment in the nature of a substitute, and it was formally reported on August 4, 2026. It would next need to be considered by the full Senate, and if passed, by the House of Representatives, before it could be sent to the President.
Plain-English summary generated by Bill100 AI from the official record. Always verify against the source below.
Timeline
4 Aug 2026
Placed on Senate Legislative Calendar under General Orders. Calendar No. 540.
Common questions
- What does S. 4965 do?
- S. 4965, the Railroad Retirement Board Stability Act, would restructure how the Railroad Retirement Board (RRB) funds its administrative operations. It creates a new Railroad Retirement Board Administrative Account, into which the Board could transfer money from the Railroad Retirement Account, the Social Security Equivalent Benefits Account, and the Railroad Unemployment Insurance Administration Fund, subject to annual caps tied to a percentage of benefits paid or trust fund holdings. Within this account, a dedicated Technology Fund would receive set minimum transfers from 2027 through 2031 to help complete modernization of the RRB's aging benefit-processing computer systems. The bill also directs the Government Accountability Office to study and report on best practices for modernizing the RRB's legacy systems, with an initial report and a later follow-up report assessing the Board's progress. Separately, the bill includes an unrelated provision shifting the due date for certain pension insurance premiums owed by single-employer pension plans to the federal Pension Benefit Guaranty Corporation, but only for plan years between 2036 and 2037. The measure primarily affects the Railroad Retirement Board's internal budgeting and technology operations, and indirectly affects railroad retirees, unemployment insurance beneficiaries, railroads, and rail unions who rely on the Board's timely and accurate benefit processing. The pension provision would affect sponsors of single-employer retirement plans required to pay PBGC premiums in those specific years. The bill was introduced in the Senate on July 14, 2026, by Senator Cassidy and referred to the Committee on Health, Education, Labor, and Pensions. On July 30, 2026, the committee ordered it reported favorably with an amendment in the nature of a substitute, and it was formally reported on August 4, 2026. It would next need to be considered by the full Senate, and if passed, by the House of Representatives, before it could be sent to the President.
- Has S. 4965 become law?
- The source does not supply a confirmed lifecycle stage for S. 4965. Check the latest action and official source below.
- Who sponsored S. 4965?
- S. 4965 was sponsored by Sen. Cassidy, Bill [R-LA] (R-LA), with 3 cosponsors.
- What's the latest action on S. 4965?
- Placed on Senate Legislative Calendar under General Orders. Calendar No. 540. (4 Aug 2026).
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