PARSA

Hozzl · 2025-03-26T16:40:24Z

Explore the details of House Bill 2067 PARSA currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Labor and Employment. Stay informed on legislative developments.

3/26/2025, 4:40 PM

Summary of Bill HR 2067

Bill 119 HR 2067, also known as the "Protecting American Retirement Savings Act," aims to amend the Employment Retirement Income Security Act of 1974 (ERISA) to prevent retirement plans from investing in foreign adversary and sanctioned entities. The bill also requires disclosure of any existing investments in such entities.

The main goal of this legislation is to protect American retirement savings from being used to support entities that pose a threat to national security or are subject to sanctions. By prohibiting plan investments in these entities, the bill seeks to ensure that retirement funds are not inadvertently supporting activities that are harmful to the United States.

In addition to prohibiting investments in foreign adversary and sanctioned entities, the bill also requires plan administrators to disclose any existing investments in such entities. This transparency measure is intended to ensure that plan participants are aware of where their retirement funds are being invested and can make informed decisions about their investments. Overall, the Protecting American Retirement Savings Act is aimed at safeguarding retirement savings and ensuring that they are not being used to support entities that are hostile to the United States. By prohibiting investments in foreign adversary and sanctioned entities and requiring disclosure of existing investments, the bill seeks to protect the financial security of American retirees.

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Current Status of Bill HR 2067

Bill HR 2067 is currently in the status of Bill Introduced since March 11, 2025. Bill HR 2067 was introduced during Congress 119 and was introduced to the House on March 11, 2025. Bill HR 2067's most recent activity was Referred to the House Committee on Education and Workforce. as of March 11, 2025

Bipartisan Support of Bill HR 2067

Total Number of Sponsors

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill HR 2067

Primary Policy Focus

Labor and Employment

Alternate Title(s) of Bill HR 2067

To amend the Employment Retirement Income Security Act of 1974 to prohibit plan investments in foreign adversary and sanctioned entities, require disclosure of existing investments in such entities, and for other purposes.To amend the Employment Retirement Income Security Act of 1974 to prohibit plan investments in foreign adversary and sanctioned entities, require disclosure of existing investments in such entities, and for other purposes.

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Sponsors and Cosponsors of HR 2067

John R. Moolenaar

Michigan(Republican)

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