arrow_back Back to App

New Retirement Savings Rules: Broader Investment Options for Funds

This act aims to make it easier for retirement fund managers to invest in a wider range of assets, such as real estate or cryptocurrencies, without fear of legal liability. This potentially means greater growth opportunities for your retirement savings, but also new types of risks. It's important for you to be aware of what your money is invested in.
Key points
Retirement fund managers can now invest in a broader range of assets, including commodities, digital assets (cryptocurrencies), hedge funds, and real estate.
The act protects managers from liability if they choose these new types of investments, provided they act in accordance with general prudence principles.
For citizens, this means potentially higher returns on retirement savings, but also the need to understand that their money might be invested in more volatile assets.
article Official text account_balance Process page
Expired
Citizen Poll
No votes cast
Additional Information
Print number: 117_HR_9066
Sponsor: Rep. Meijer, Peter [R-MI-3]
Process start date: 2022-09-29
Lustra uses Artificial Intelligence. Verify details in source documents.
Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Retirement Savings Modernization Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_9066.

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 2022-09-29.

What are the main provisions?

Key points include:

  • Retirement fund managers can now invest in a broader range of assets, including commodities, digital assets (cryptocurrencies), hedge funds, and real estate.
  • The act protects managers from liability if they choose these new types of investments, provided they act in accordance with general prudence principles.
  • For citizens, this means potentially higher returns on retirement savings, but also the need to understand that their money might be invested in more volatile assets.
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. Meijer, Peter [R-MI-3].

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

Economy Benefits