Financial Factors in Selecting Retirement Plan Investments Act
- Last Action
- 5/20/2021
Actions
- 2021-05-20Referred to the House Committee on Education and Labor.
- 2021-05-20Introduced in House
- 2021-05-20Introduced in House
CRS Summary
As of 2021-05-20 (00)
Financial Factors in Selecting Retirement Plan Investments Act
This bill permits fiduciaries of employer-sponsored retirement plans to consider environmental, social, governance, or similar factors when making investment decisions.
It also nullifies the rule published by the Employee Benefits Security Administration on November 13, 2020, that requires fiduciaries to select investments and investment courses of action based solely on financial considerations.
Cosponsors (1)
- Dean Phillips (D-MN)
Subjects
- Administrative law and regulatory procedures
- Corporate finance and management
- Department of Labor
- Employee benefits and pensions
- Financial services and investments
Sourced from Congress.gov (public domain).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.