Following the 2026 midterm elections, congressional oversight of federal agencies, including the Department of Labor (DOL), is expected to increase as Democrats prepare to take control of both chambers of Congress. Groom principal and fiduciary practice leader Kevin Walsh spoke with Pensions & Investments about the potential implications for federal regulatory priorities.
“When we see one party control a chamber, and here we have a party that controls both chambers, and another party controls the White House, oversight and investigations tend to be a high priority,” Walsh said.
Walsh also noted that the election results were unlikely to materially change the agenda of the DOL’s Employee Benefits Security Administration, including its proposal aimed at expanding access to private market investments in 401(k) plans. However, the proposal could face increased congressional scrutiny under Democratic leadership.
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