# 119-s-4965: Railroad Retirement Board Stability Act

119-s-4965, Railroad Retirement Board Stability Act, is a 119th Congress bill sponsored by Sen. Cassidy, Bill [R-LA] (R-LA); status in_committee; PRIA reads it as touching household money (as of 2026-10-01).

- Canonical: https://policyrisk.com/legislation/119-s-4965
- As of: 2026-10-01
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-4965
- Congress: 119
- Title: Railroad Retirement Board Stability Act
- Status: in_committee
- Introduced: 2026-07-14
- Sponsor: Sen. Cassidy, Bill [R-LA] (R-LA)
- Cosponsors: 3
- Policy area: Transportation and Public Works
- Touches household money: yes
- Last recorded action: 2026-10-01

## Summary

**Creates a dedicated Treasury Administrative Account for the Railroad Retirement Board** to fund ongoing administration of Railroad Retirement and Railroad Unemployment Insurance benefits and to support legacy IT modernization. It also sets transfer limits, minimum technology-fund amounts, and GAO oversight requirements. - Families and retirees: Would provide a dedicated funding source for benefit processing and legacy-systems modernization that supports payment and claims administration for Railroad Retirement and Railroad Unemployment Insurance benefits. - Railroad Retirement Board operations: Would allow transfers into the Account from three specified sources and preserve source-based restrictions. Annual transfer caps limit amounts to the lesser of specified percentages of benefits or of the National Railroad Retirement Investment Trust, using 1.25% (FY2027–2031) and 1.15% (FY2032+) alongside a 0.75% Trust-based cap. - Modernization and oversight: Establishes a separate Technology Fund with minimums of $10 million in FY2027 and $20 million in each FY2028–FY2031 and requires a GAO report within 10 months and a follow-up after FY2031 on modernization plans and remaining costs.

## Cosponsors (3)

- Sen. Sanders, Bernard [I-VT] (I-VT), 2026-07-14T00:00:00.000Z
- Sen. Banks, Jim [R-IN] (R-IN), 2026-07-14T00:00:00.000Z
- Sen. Kaine, Tim [D-VA] (D-VA), 2026-07-14T00:00:00.000Z

## Provisions PRIA read

- New Railroad retirement admin account: benefit, low. If enacted, the bill would create a permanent Railroad Retirement Board Administrative Account in the Treasury for administering railroad retirement and railroad unemployment programs. Each year the Board would be able to transfer money into the Account up to the lesser of (a) 1.25% of benefits pai…
- Temporary pension premium due-date change: benefit, low. If enacted, the bill would change the premium due date for single-employer pension plans with plan years starting after Dec 31, 2035 and before Jan 1, 2037. For those plan years, the premium would be due on the 15th day of the ninth calendar month that begins on or after the first day of the premiu…

## Related bills

- 119-s-4744: Take Care of America’s Veterans Act
- 119-s-2120: Older Americans Act Reauthorization Act of 2025
- 119-s-1261: CONNECT for Health Act of 2025
- 119-s-1032: Major Richard Star Act
- 119-s-891: Bipartisan Health Care Act
- 119-sres-913: A resolution relating to the death of the Honorable Nancy Kassebaum, former United States Senator for the State of Kansas.

## Sources
- [119-s-4965 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/4965)

## Related
- [119-s-4744: Take Care of America’s Veterans Act](https://policyrisk.com/legislation/119-s-4744)
- [119-s-2120: Older Americans Act Reauthorization Act of 2025](https://policyrisk.com/legislation/119-s-2120)
- [119-s-1261: CONNECT for Health Act of 2025](https://policyrisk.com/legislation/119-s-1261)
- [119-s-1032: Major Richard Star Act](https://policyrisk.com/legislation/119-s-1032)
- [119-s-891: Bipartisan Health Care Act](https://policyrisk.com/legislation/119-s-891)
- [119-sres-913: A resolution relating to the death of the Honorable Nancy Kassebaum, former Uni…](https://policyrisk.com/legislation/119-sres-913)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-4965 (as of 2026-10-01).