H.R. 2988
Sets rules for retirement plan investment decisions
Tells managers of employer-sponsored retirement plans to base investment choices mainly on money-related risks and returns, with some exceptions.
- Investment decisions must be based only on factors that affect risk or return
- Other factors can be used for some plans where workers choose their own investments
- Plan managers cannot discriminate when choosing or keeping plan service providers
- Managers must act for members on shareholder votes and give notices for plans with investment choices
Passed the House · Senate's turn