What is the current status of S 928?

S 928 is currently: Introduced.

S 928 was sponsored by Jim Banks (R), Sen.

Protecting Retirement Savings from Foreign Entities

IntroducedN/A

Introduced1 year ago

Intro

Senate

House

Pres

Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Why This Matters

This bill makes it illegal for retirement plans to invest in certain foreign companies and requires them to report any existing investments. It aims to safeguard American workers' retirement savings from potential threats posed by foreign adversaries.

If you have a retirement plan, your savings will be protected from risky foreign investments.

Who this affects

Workers with retirement plans · Beneficiaries

What changes is this bill making?

1This bill stops retirement plans from investing in foreign adversaries and sanctioned entities.
2It requires plans to disclose any existing investments in these entities.
3Plans can continue holding current investments if they comply with certain rules.
4Fiduciaries must ensure that no plan assets or participant data benefit these entities.
5The bill aims to protect American retirement savings from risky foreign investments.

Last changed 25 days ago · checked hourly

Protecting Retirement Savings from Foreign Entities

IntroducedN/A

Introduced1 year ago

Intro

Senate

House

Pres

Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

Why This Matters

If you have a retirement plan, your savings will be protected from risky foreign investments.

Who this affects

Workers with retirement plans · Beneficiaries

What changes is this bill making?

1This bill stops retirement plans from investing in foreign adversaries and sanctioned entities.
2It requires plans to disclose any existing investments in these entities.
3Plans can continue holding current investments if they comply with certain rules.
4Fiduciaries must ensure that no plan assets or participant data benefit these entities.
5The bill aims to protect American retirement savings from risky foreign investments.

Last changed 25 days ago · checked hourly