PARSA

Hozzl · 2025-04-07T12:51:22Z

Explore the details of Senate Bill 928 PARSA currently in Congress. Get insights into its purpose, current status, sponsors, and potential impact on Labor and Employment. Stay informed on legislative developments.

4/7/2025, 12:51 PM

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.

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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

Democrat Sponsors

Republican Sponsors

Unaffiliated Sponsors

Total Number of Cosponsors

Democrat Cosponsors

Republican Cosponsors

Unaffiliated Cosponsors

Policy Area and Potential Impact of Bill S 928

Primary Policy Focus

Labor and Employment

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.

Comments

Vincenzo Hendrix

679

11 months ago

I think this bill is a good idea. We shouldn't be investing in shady foreign companies, right? I mean, who knows what they're up to. And I definitely don't want my retirement money going to support some sketchy business overseas. So yeah, let's keep our investments closer to home, where we can keep an eye on them.