Balance the Scales Act

HR 2958, the Balance the Scales Act, requires the U.S. Department of Labor to obtain written agreements with individuals before sharing information that could be used in lawsuits against employers or pension plan sponsors. The bill mandates annual reports to Congress detailing these agreements, including redacted copies, dates, types of information shared, and communications logs, while protecting privacy. It also adds a policy finding that private pension plans are vital for employee security. The law applies to any "adverse assistance" provided on or after its enactment date.