Democratic lawmakers hope to increase the size of the Pension Benefit Guaranty Corp. board and prod the PBGC board to meet more often.
The sponsors of the PBGC bill are Sens. Herb Kohl, D-Wis.; Claire McCaskill, D-Mo.; and Russell Feingold, D-Wis.
No bill number was immediately available.
Kohl and the other sponsors have introduced the bill in response to concerns that the PBGC, the entity that insures defined benefit pension benefits, began to invest billions of dollars in program assets in stocks just before the stock market collapsed.