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Retirement Fund Investment Limits: Focus on Financial Factors Only

New rules aim to restrict retirement fund managers from considering non-financial factors in investment decisions. This means the sole priority should be maximizing returns and minimizing risk for citizens' retirement savings. Funds will still be required to offer investment options based purely on financial factors.
Key points
Retirement fund managers must make investment decisions based solely on financial factors, such as risk and potential return.
They are prohibited from sacrificing returns or increasing risk to promote non-financial goals (e.g., social or environmental).
Retirement plans must continue to offer investment options based exclusively on financial factors, even if other options are available.
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Expired
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Additional Information
Print number: 117_HR_9198
Sponsor: Rep. Murphy, Gregory [R-NC-3]
Process start date: 2022-10-18
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

To amend the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code of 1986 to limit fiduciary consideration of non-pecuniary factors in investment decision-making.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_9198.

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 2022-10-18.

What are the main provisions?

Key points include:

  • Retirement fund managers must make investment decisions based solely on financial factors, such as risk and potential return.
  • They are prohibited from sacrificing returns or increasing risk to promote non-financial goals (e.g., social or environmental).
  • Retirement plans must continue to offer investment options based exclusively on financial factors, even if other options are available.
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. Murphy, Gregory [R-NC-3].

What is the latest detailed status?

The latest detailed status is: Introduced in House

Is this summary verified?

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

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