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Protecting Americans’ Retirement Savings from Politics Act
12/20/2023, 6:00 PM
Summary of Bill HR 4767
Bill 118 HR 4767, also known as the Protecting Americans' Retirement Savings from Politics Act, aims to prevent political influence on retirement savings accounts. The bill seeks to ensure that retirement savings are managed in a non-partisan manner, free from political interference.
The legislation includes provisions that prohibit elected officials and political appointees from making investment decisions for retirement savings accounts. It also establishes guidelines for the selection of investment options, requiring that they be based on sound financial principles rather than political considerations.
Additionally, the bill mandates transparency and accountability in the management of retirement savings accounts. It requires regular reporting on the performance of investments and prohibits the use of retirement savings for political purposes. Overall, the Protecting Americans' Retirement Savings from Politics Act is designed to safeguard the financial security of American workers by ensuring that their retirement savings are managed responsibly and independently of political influence.
The legislation includes provisions that prohibit elected officials and political appointees from making investment decisions for retirement savings accounts. It also establishes guidelines for the selection of investment options, requiring that they be based on sound financial principles rather than political considerations.
Additionally, the bill mandates transparency and accountability in the management of retirement savings accounts. It requires regular reporting on the performance of investments and prohibits the use of retirement savings for political purposes. Overall, the Protecting Americans' Retirement Savings from Politics Act is designed to safeguard the financial security of American workers by ensuring that their retirement savings are managed responsibly and independently of political influence.
Read the Full Bill
Current Status of Bill HR 4767
Bill HR 4767 is currently in the status of Bill Introduced since July 20, 2023. Bill HR 4767 was introduced during Congress 118 and was introduced to the House on July 20, 2023. Bill HR 4767's most recent activity was Placed on the Union Calendar, Calendar No. 263. as of December 19, 2023
Bipartisan Support of Bill HR 4767
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 4767
Primary Policy Focus
Finance and Financial SectorAlternate Title(s) of Bill HR 4767
Protecting Americans’ Retirement Savings from Politics Act
Protecting Americans’ Retirement Savings from Politics Act
Protecting Americans’ Retirement Savings from Politics Act
To make revisions to the Federal securities laws with respect to shareholder proposals, proxy voting, and the registration of proxy advisory firms, and for other purposes.
Comments
Sponsors and Cosponsors of HR 4767
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