ERIC Applauds Introduction of the PBM Fiduciary Accountability, Integrity, and Reform (FAIR) Act

Washington, D.C., December 19, 2025– The ERISA Industry Committee (“ERIC”) today applauded the introduction of the PBM Fiduciary Accountability, Integrity, and Reform (FAIR) Act. The legislation, introduced by Representatives Auchincloss (D-MA) and Mackenzie (R-PA), and Senators Marshall (R-KS), Kaine (D-VA), Grassley (R-IA) and Hassan (D-NH), clarifies that fiduciary standards for employer health benefit plans governed by the Employee Income and Retirement Security Act (ERISA) apply in full to pharmacy benefit managers (PBMs) performing services on behalf of the plan. 

ERIC Legal Center Chairman Calls on Congress to Address Litigation Abuse

Washington, D.C., December 2, 2025– Today, Glenn Butash, Chair of the Legal Center for The ERISA Industry Committee (ERIC), testified before the House Education and Workforce Committee’s Subcommittee on Health, Employment, Labor, and Pensions at a hearing titled “Pension Predators: Stopping Class Action Abuse Against Workers’ Retirement.”

Coalition Urges Court to Rein In Novel 401(k) Forfeiture Claims

Washington, D.C., December 1, 2025– Last Wednesday, The ERISA Industry Committee (ERIC) and its coalition allies filed an amicus brief with the U.S. Court of Appeals for the Eighth Circuit in Matula, Jr. v. Wells Fargo & Company (Matula), urging the court to uphold the lower court’s decision.