Railroad retirement agency would get its own admin account and $10M tech fund in 2027
Placed on the calendarS. 4965Latest action
Sponsor: Bill Cassidy · Senator · LA
AIDecoded by AI · checked against the recordRead the official text
Official title: Railroad Retirement Board Stability Act
119th Congress
Topics: Jobs & the economy
Introduced:
Read the official bill on Congress.govIn plain words
The plain-language version comes first. The official text is always the reference.
S 4965 creates a Treasury account for Railroad Retirement Board operating costs and funds a computer system upgrade, without changing benefits.
65-second read · 5 questions answered below
What does this do?
The bill creates a special Treasury account for the Railroad Retirement Board's administrative expenses, funded by transfers from existing railroad benefit funds up to a cap. It sets aside money for a technology fund to replace old computer systems, some of which run on COBOL. It also orders a study on modernizing those systems.
Who does it affect?
The Railroad Retirement Board and the people who rely on it: current and retired railroad workers, their families, and workers claiming railroad unemployment or sickness benefits. Railroad companies and unions take part in consultations. A short section also affects sponsors of certain private single-employer pension plans and the agency that insures them.
Why does it matter?
The bill does not change benefit amounts or eligibility rules. It changes how the Board pays its operating costs and sets a schedule for replacing aging computer systems, with reports checking progress.
What does it cost, and who pays?
- At least $10M in 2027
- $20M a year, 2028 to 2031
- Admin transfers capped, tighter from 2032
AI-drafted summary. Check it against the official text before you act on it.
Based on the “Reported to Senate” text of Aug 4, 2026.
Read the official bill on Congress.govMake the call
Where does it stand?
- IntroducedJul 14, 2026
- Senate committee
- Senate voteYou are here · Aug 4, 2026
- House
- The president's desk
Right now: it was placed on the , and the official record shows no floor action on it since. If the House changes it, it goes back to the Senate before reaching the president.
Latest action: — Placed on Senate Legislative Calendar under General Orders. Calendar No. 540.