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Retirement Investments: Freedom to Choose Sustainable Options

New rules allow retirement plan managers to consider environmental, social, and governance (ESG) factors when making investment decisions. This means your retirement savings can be invested in companies that prioritize sustainability, without extra paperwork.
Key points
Retirement plan managers can now freely consider environmental, social, and governance (ESG) factors when selecting investments.
If two investments are equally financially beneficial, ESG factors can be the deciding factor.
ESG-considered investments can be default options in retirement plans, making it easier to choose sustainable solutions.
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Additional Information
Print number: 118_HR_1119
Sponsor: Rep. DelBene, Suzan K. [D-WA-1]
Process start date: 2023-02-21
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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

Freedom to Invest in a Sustainable Future Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_1119.

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 2023-02-21.

What are the main provisions?

Key points include:

  • Retirement plan managers can now freely consider environmental, social, and governance (ESG) factors when selecting investments.
  • If two investments are equally financially beneficial, ESG factors can be the deciding factor.
  • ESG-considered investments can be default options in retirement plans, making it easier to choose sustainable solutions.
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. DelBene, Suzan K. [D-WA-1].

What is the latest detailed status?

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

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

CATEGORIES

Labor Economy Environment