Two members of the House of Representatives have asked the research arm of Congress to investigate whether the federal agencies that enforce pension law have failed to police the consultants and money managers who help decide how money is invested. This regulatory problem is as old as the pension law, but it has become apparent only recently, as a series of record-size corporate pension failures has put new burdens on the federal agency that insures pensions.
See "Lawmakers Seek Inquiry on Pensions", Mary Williams Walsh, The New York Times, November 30, 2005