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Americans' Retirement Security: New Rules for Investment of Savings

This act aims to ensure that retirement funds are invested primarily based on financial factors like risk and potential return. This is intended to protect citizens' savings and enhance their financial security in retirement. It establishes clear rules for fund managers to ensure their decisions are in the best interest of plan participants.
Key points
Retirement fund managers must select investments primarily based on financial factors, such as risk and expected return.
If financial factors are insufficient for a choice, other criteria may be used, but must be documented and shown to align with savers' interests.
Changes apply to investments made 60 days after the act's enactment, allowing time for adaptation to new regulations.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 117_S_4613
Sponsor: Sen. Braun, Mike [R-IN]
Process start date: 2022-07-26
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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

Maximize Americans' Retirement Security Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_4613.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2022-07-26.

What are the main provisions?

Key points include:

  • Retirement fund managers must select investments primarily based on financial factors, such as risk and expected return.
  • If financial factors are insufficient for a choice, other criteria may be used, but must be documented and shown to align with savers' interests.
  • Changes apply to investments made 60 days after the act's enactment, allowing time for adaptation to new regulations.
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 Sen. Braun, Mike [R-IN].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Labor Economy