A bill 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.

3/15/2025, 10:56 AM

Summary of Bill S 928

Bill 119 s 928 aims to make changes to the Employment Retirement Income Security Act of 1974 (ERISA) in order 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 ensure that retirement funds are not being used to support entities that are considered to be adversaries of the United States or that have been sanctioned by the government. By prohibiting investments in these entities and requiring disclosure of any current investments, the bill seeks to protect the interests of American workers and retirees.

In addition to these provisions, the bill also includes other purposes related to the management and oversight of retirement funds. Overall, Bill 119 s 928 is focused on promoting transparency and accountability in the investment decisions made by retirement plans, with the ultimate goal of safeguarding the financial security of American workers.

Current Status of Bill S 928

Bill S 928 is currently in the status of Bill Introduced since March 11, 2025. Bill S 928 was introduced during Congress 119 and was introduced to the Senate on March 11, 2025.  Bill S 928's most recent activity was Read twice and referred to the Committee on Health, Education, Labor, and Pensions. as of March 11, 2025

Bipartisan Support of Bill S 928

Total Number of Sponsors
2
Democrat Sponsors
0
Republican Sponsors
2
Unaffiliated Sponsors
0
Total Number of Cosponsors
0
Democrat Cosponsors
0
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill S 928

Primary Policy Focus

Alternate Title(s) of Bill S 928

A bill 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.A bill 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.
Start holding our government accountable!

Comments

Sponsors and Cosponsors of S 928

R
Jim Banks
Indiana(Republican)
R
Bernie Moreno
Ohio(Independent)

Latest Bills

Recognizing a century of broadcasting excellence from WOWO and celebrating the radio station's 100th anniversary.
Bill HRES 252March 26, 2025
Recognizing the 204th anniversary of the War of Greek Independence.
Bill HRES 249March 26, 2025
Recognizing the significance of equal pay and the disparity between wages paid to men and women.
Bill HCONRES 21March 26, 2025
Recognizing the longstanding friendship between the Kingdom of Morocco and the United States of America.
Bill HRES 251March 26, 2025
Emphasizing the importance and power of distributed ledger technologies (DLT) to support democratic governance, human rights, internet freedom, and transparency.
Bill HRES 248March 26, 2025
Providing for consideration of the bill (H.R. 1101) to prohibit unlawful access to the payment system of the Bureau of the Fiscal Service within the Department of the Treasury, and for other purposes.
Bill HRES 250March 26, 2025
Expressing support for the designation of the week of March 23, 2025, through March 29, 2025, as "National Cleaning Week".
Bill HRES 247March 26, 2025
Expressing support for the designation of May 15, 2025, as "Prader-Willi Syndrome Awareness Day" to raise awareness of and promote research on the disorder.
Bill HRES 253March 26, 2025
DETERRENT Act
Bill HR 1048March 26, 2025
Expressing support for the Iranian people's desires for a democratic, secular, and nonnuclear Republic of Iran, and condemning the Iranian regime's terrorism, regional proxy war, internal suppression, and for other purposes.
Bill HRES 166March 26, 2025