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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.
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Status:
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
System Note: Lustra is free, publicly auditable civic infrastructure, with full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source, always verify them if you can.
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.

What is the impact of this bill?

We don't know, that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

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Taxes Economy