Search Results: keywords:"fiduciary duties"

  • S. 4917 — To amend the Federal securities laws to enhance 403(b) plans, and for other purposes.
    Status:Introduced in Senate
    Words:1,238

    S. 4917 aims to update the Federal securities laws to improve 403(b) retirement plans, which are savings plans for employees of public schools and some tax-exempt organizations. The bill proposes changes to laws such as the Investment Company Act of 1940, the Securities Act...

    Simple Explanation

    The bill wants to make sure that teachers and people working in some special organizations have better ways to save money for their future by making the rules easier to understand and follow for their savings plans. It's like giving them more choices and making sure those choices are safe and sound.

  • H. R. 5339 — An Act To amend the Employee Retirement Income Security Act of 1974 to specify requirements concerning the consideration of pecuniary and non-pecuniary factors, and for other purposes.
    Status:Engrossed in House
    Words:2,862

    H.R. 5339, titled the "Protecting Americans’ Investments from Woke Policies Act," aims to amend the Employee Retirement Income Security Act of 1974. The bill consists of four divisions that primarily focus on limiting the consideration of non-financial factors in investment...

    Simple Explanation

    H.R. 5339 wants to make sure that people who help choose where to put your retirement savings only think about how to make more money and not other things. It tells them to be fair and clear when picking who helps with your money and when deciding on votes that affect where your money is put.