Financial Factors in Selecting Retirement Plan Investments Act
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (May 20, 2021)
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.
What just happenedMay 20, 2021
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Who’s behind it
- Introduced in SenateMay 20, 2021
- May 20, 2021IntroReferral
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Health, Education, Labor, and Pensions Committee - May 20, 2021IntroReferral10000
Introduced in Senate