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Protecting Retirement Savings: Prohibiting Investments in Adversary and Sanctioned Entities.

This act aims to protect your retirement savings. It prohibits retirement funds from investing in companies and entities linked to countries deemed adversaries or subject to sanctions. This makes your money safer by avoiding risks associated with unstable or dangerous foreign investments.
Key points
Retirement funds will be prohibited from investing in entities from adversary or sanctioned countries.
Existing investments in such entities must be disclosed, and new ones are forbidden.
The act seeks to enhance the security and stability of your retirement savings.
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Additional Information
Print number: 118_HR_4008
Sponsor: Rep. Banks, Jim [R-IN-3]
Process start date: 2023-06-12