PARSA

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.