HR 7780
Safeguarding Investment Options for Retirement Act
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- Passed House
- Passed Senate
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- Became Law
Bill overview
This bill, the Safeguarding Investment Options for Retirement Act, aims to limit how retirement plans, like 401(k)s, can make investment decisions. It prohibits these plans from considering factors beyond financial risk and return when choosing investments. Specifically, it applies to various types of retirement plans including those offered by employers and the government. The goal is to ensure that investment choices are primarily based on financial considerations rather than other potentially biased factors.
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