Bill > HR5748

This bill seeks to codify Executive Order 14330, which aims to democratize access to alternative assets for 401(k) investors. By transforming the executive order into law, the legislation would provide a statutory basis for expanding investment options in retirement accounts. A 401(k) is a common employer-sponsored retirement savings plan that allows workers to invest a portion of their paycheck before taxes. Alternative assets typically refer to investments outside traditional stocks, bonds, and cash, such as real estate, private equity, hedge funds, or commodities. The bill, titled the "Retirement Investment Choice Act," would give the executive order full legal standing, potentially making it more difficult to rescind or modify in the future. The legislation is relatively short, consisting of two sections: the first establishes the act's name, and the second explicitly states that Executive Order 14330 shall have the force and effect of law, thereby ensuring its implementation and potentially providing greater investment flexibility for retirement savers.

Education

https://www.congress.gov/bill/119th-congress/house-bill/5748/all-info