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Retirement Investments: New Sustainable Opportunities

This act allows retirement plans to invest in companies that prioritize environmental, social, and governance factors. This means your retirement savings can support responsible businesses while still aiming for good financial returns. Plans will need to disclose their sustainable investment policies.
Key points
Retirement plans can now officially consider environmental, social, and governance (ESG) factors when making investment decisions.
Ability to invest in projects that offer social benefits, such as job creation or affordable housing, in addition to financial returns.
Plans must disclose whether they have adopted a sustainable investment policy and review it annually.
Establishment of a technical assistance program to help plans implement the new rules.
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Additional Information
Print number: 117_HR_3604
Sponsor: Rep. Levin, Andy [D-MI-9]
Process start date: 2021-05-28
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Retirees Sustainable Investment Opportunities Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_3604.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-05-28.

What are the main provisions?

Key points include:

  • Retirement plans can now officially consider environmental, social, and governance (ESG) factors when making investment decisions.
  • Ability to invest in projects that offer social benefits, such as job creation or affordable housing, in addition to financial returns.
  • Plans must disclose whether they have adopted a sustainable investment policy and review it annually.
  • Establishment of a technical assistance program to help plans implement the new rules.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Levin, Andy [D-MI-9].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Education and Labor.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-28.

CATEGORIES

Labor Economy Environment