The Protecting Americans’ Retirement Savings Act aims to change existing rules so that retirement plans cannot invest in certain foreign adversary or sanctioned entities. The bill requires plans to disclose any current investments they have in these entities and outlines...
Simple Explanation
The Protecting Americans’ Retirement Savings Act is a rule that says people who manage retirement money can't put it into companies from certain other countries that aren't friends with the U.S. and have to tell everyone if they already have money there. It tries to keep retirement money safe by making sure it's not with bad guys.