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Retirement Investments: Financial Risk and Return Only.

This act aims to ensure that investment decisions for your retirement plans, such as 401(k)s or governmental plans, are made solely based on financial risk and return. This means that those managing your retirement savings will not be able to consider other factors, such as social or environmental issues, with the goal of protecting your future benefits.
Key points
Investment decisions for retirement plans (e.g., 401(a), 403(b), 457) must be based exclusively on financial risk and return factors.
Plan administrators are prohibited from considering non-financial factors when making investment choices.
The changes apply to plan years beginning after the act's enactment date.
article Official text account_balance Process page
Expired
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Additional Information
Print number: 118_HR_7780
Sponsor: Rep. Murphy, Gregory F. [R-NC-3]
Process start date: 2024-03-21
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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

Safeguarding Investment Options for Retirement Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_7780.

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 2024-03-21.

What are the main provisions?

Key points include:

  • Investment decisions for retirement plans (e.g., 401(a), 403(b), 457) must be based exclusively on financial risk and return factors.
  • Plan administrators are prohibited from considering non-financial factors when making investment choices.
  • The changes apply to plan years beginning after the act's enactment date.
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 F. [R-NC-3].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-25.

CATEGORIES

Taxes Economy