Strengthening Benefit Plans Act of 2025

[AI summary unavailable — showing source text] [Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [S. 2003 Introduced in Senate (IS)] <DOC> 119th CONGRESS 1st Session S. 2003 To amend the Internal Revenue Code of 1986 to permit certain excess plan assets to be used for benefits for active employees, and for other purposes. _______________________________________________________________________ IN THE SENATE OF THE UNITED STATES June 10, 2025 Mr. Scott of South Carolina (for himself, Mr. Cassidy, Mr. Tillis, and Mr. Marshall) introduced the following bill; which was read twice and referred to the Committee on Finance _______________________________________________________________________ A BILL To amend the Internal Revenue Code of 1986 to permit certain excess plan assets to be used for benefits for active employees, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Strengthening Benefit Plans Act of 2025''. TITLE I--SUPPORTING ACTIVE EMPLOYEES WITH CURRENT BENEFIT PLAN EXPENSES SEC. 101. TRANSFER OF EXCESS HEALTH ASSETS FOR FUNDING ACTIVE EMPLOYEE BENE…