Search Results for keywords:"fiduciary responsibilities"

Search Results: keywords:"fiduciary responsibilities"

H. R. 2067 — To amend the Employment Retirement Income Security Act of 1974 to prohibit plan investments in foreign adversary and sanctioned entities, require disclosure of existing investments in such entities, and for other purposes.
March 11, 2025
Status:Introduced in House
Congress:119
Words:1,959
The Protecting Americans’ Retirement Savings Act aims to limit the types of investments that retirement plans in the U.S. can make. It prohibits these plans from investing in entities considered foreign adversaries or that are under U.S. sanctions. The act also requires plans...
Simple Explanation
The Protecting Americans’ Retirement Savings Act wants to stop U.S. retirement plans from putting money into companies that are seen as enemies or are being punished by the United States. It also says these plans have to tell everyone if they already have money in these kinds of companies.
H. R. 1013 — To amend the Federal securities laws to enhance 403(b) plans, and for other purposes.
February 05, 2025
Status:Introduced in House
Congress:119
Words:1,327
The bill, known as the “Retirement Fairness for Charities and Educational Institutions Act of 2025,” aims to amend federal securities laws to improve 403(b) retirement plans, which are commonly used by employees of public schools and certain non-profit organizations. It revises the Investment...
Simple Explanation
The bill wants to change how some teachers and charity workers save money for when they are older by making their savings plans better and safer. It tries to make more options available and help protect the money they save.
S. 424 — To amend the Federal securities laws to enhance 403(b) plans, and for other purposes.
February 05, 2025
Status:Introduced in Senate
Congress:119
Words:1,354
S. 424 aims to amend federal securities laws to improve 403(b) plans, which are retirement savings plans often used by employees of non-profit organizations and public educational institutions. The bill introduces changes to the Investment Company Act of 1940, the Securities...
Simple Explanation
S. 424 wants to make special retirement savings plans, called 403(b) plans, better for people who work at schools or non-profits by making sure the people in charge choose safe places to invest the money.
S. 1368 — To amend title 5, United States Code, to address the responsibilities of fiduciaries with respect to the Thrift Savings Fund, and for other purposes.
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April 09, 2025
Status:Introduced in Senate
Congress:119
Words:2,268
S. 1368, also known as the "TSP Fiduciary Security Act of 2025," aims to ensure that those managing the Thrift Savings Fund act in the best interest of its beneficiaries without compromising U.S. national security. The bill amends current regulations by adding specific...
Simple Explanation
The "TSP Fiduciary Security Act of 2025" is like a rulebook for people who take care of a big piggy bank for government workers, making sure they don't put money in places that might harm America's safety, especially by not using the money for businesses in China.
H. R. 2696 — To establish the American Worker Retirement Plan, improve the financial security of working Americans by facilitating the accumulation of wealth, and for other purposes.
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April 07, 2025
Status:Introduced in House
Congress:119
Words:15,310
H.R. 2696, also known as the “Retirement Savings for Americans Act of 2025,” aims to improve the financial security of American workers by creating the American Worker Retirement Plan. This plan would allow workers, including independent contractors, to automatically enroll...
Simple Explanation
H.R. 2696 wants to help workers save money for when they stop working by giving them special savings accounts with extra money from the government. It sets rules to keep the saved money safe and makes sure that different people manage the money so no one person holds too much of it.

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