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Managing Director - Operations, Benefits Daybright Financial
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Bill Introduced to Ban Pension Investments in Adversarial Countries
Sen. Jim Banks [R-IN], U.S. Senate 
June 16, 2025 "[T]he Protecting Americans' Retirement Savings Act [S 928] ... prohibits ERISA-covered retirement plans from investing in companies based in foreign adversary countries, including China, Russia, North Korea, and Iran.... ERISA plan fiduciaries [would be required to] report: [1] All assets invested in sanctioned entities, including their identities and reasons for sanctions. [2] The total value of investments in foreign adversary companies. [3] A detailed list of specific investments in these companies. [4] Justifications for retaining such investments in retirement plans." MORE >> |
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