Wait times and claim backlogs took center stage as the Social Security commissioner touted the quality of service, but Democrats questioned the veracity of his claim.
The appellate court stuck with its March ruling that claims involving individualized monetary losses cannot be pursued as mandatory class action lawsuits.
Supporters say the proposal would reduce litigation fears and expand retirement investment options, while critics warn it will weaken longstanding investor protections.
According to Secretary of the Treasury Scott Bessent, the administration will turn to broader retirement access proposals after the July launch of the new investment program for children.
Panelists at the 2026 PLANSPONSOR National Conference said new Department of Labor rules could give employers more room to innovate, but documentation burdens will rise.
The department sided with employers in oral arguments before multiple circuit courts of appeal, urging judges to uphold lower-court decisions to dismiss the complaints.
The U.S. Chamber of Commerce and the American Benefits Council file amicus brief claiming "improper certification of ERISA class actions...here harms American businesses and their employees."