Bill Cassidy (R-LA)

Railroad Retirement Board Stability Act

S. 4965 · Senate bill Transportation and Public Works

A Republican bill with 1 Democratic cosponsor · See all 3 cosponsors

Last activity — Placed on Senate Legislative Calendar under General Orders. Calendar No. 540.

Cleared committee, waiting for its first floor vote

A committee approved it and it is on the calendar of the chamber it started in.

This is further than most bills get, and still no promise of a vote: the calendar is a queue, and the majority leadership decides what is called. A bill can sit here until the Congress ends.

Its path through Congress

  1. Introduced
  2. On Calendar

What this bill would do

This bill establishes a Railroad Retirement Board Administrative Account within the Treasury to fund the administration of the Railroad Retirement Act and the Railroad Unemployment Insurance Act. It creates a specific Technology Fund to help the Board modernize its legacy benefit processing systems. The legislation sets specific limits on how much money can be transferred into the administrative account during different fiscal years. Additionally, the bill requires the Comptroller General to submit reports regarding information technology modernization efforts. Finally, it includes provisions regarding the premium due date for single employer plans.

Yes· 3 of 8

  • Scored +1

    Would people over 65 be better off under this?

    The bill aims to modernize the systems used to process retirement and benefit claims for seniors.

  • Scored +1

    Would veterans be better off under this, taking everything together?

    The modernization of benefit systems provides better administrative stability for those receiving specialized retirement benefits.

  • Scored +1

    Would union members be better off under this?

    The bill involves consultation with rail unions and supports the administration of unemployment insurance for their members.

The opposite

  • Scored -1

    Does this reduce what the federal government spends?

    The bill imposes specific downward limits on the percentage of funds that can be transferred into the administrative account over time.