3.0.0 1563 2025-05-27T14:15:52Z 2025-05-27T14:15:52Z Senate S S 2023-05-11 118 sshr00 Health, Education, Labor, and Pensions Committee Senate Standing Referred To 2023-05-11T17:09:27Z 2023-05-11 sshr00 Health, Education, Labor, and Pensions Committee Senate Read twice and referred to the Committee on Health, Education, Labor, and Pensions. IntroReferral 2023-05-11 Introduced in Senate IntroReferral 10000 9 Library of Congress B001310 Sen. Braun, Mike [R-IN] Mike Braun R IN N B001243 Sen. Blackburn, Marsha [R-TN] Marsha Blackburn R TN 2023-05-11 True C001098 Sen. Cruz, Ted [R-TX] Ted Cruz R TX 2023-05-11 True B001305 Sen. Budd, Ted [R-NC] Ted Budd R NC 2023-05-11 True T000278 Sen. Tuberville, Tommy [R-AL] Tommy Tuberville R AL 2023-05-11 True W000437 Sen. Wicker, Roger F. [R-MS] Roger Wicker R MS F. 2023-05-11 True M001198 Sen. Marshall, Roger [R-KS] Roger Marshall R KS 2023-05-11 True D000618 Sen. Daines, Steve [R-MT] Steve Daines R MT 2023-05-11 True C001075 Sen. Cassidy, Bill [R-LA] Bill Cassidy R LA 2023-05-11 True Labor and Employment Labor and Employment 2023-05-26T12:15:22Z

00 2023-05-11 Introduced in Senate 2023-09-11T19:15:48Z <p><strong>Maximize Americans' Retirement Security Act</strong></p> <p>This bill revises the fiduciary duties for a retirement or employee benefit plan that is regulated under the Employee Retirement Income Security Act of 1974.</p> <p>The bill generally requires a fiduciary to select and maintain investments for a plan based solely on pecuniary factors. Under the bill, a <i>pecuniary factor </i>is a factor that is expected to have a material effect on the risk or return of an investment based on appropriate investment horizons that are consistent with the plan's investment objectives and funding policy.</p> <p>A fiduciary may only use nonpecuniary factors if the fiduciary is unable to distinguish between investment alternatives on the basis of pecuniary factors alone. In such a case, the fiduciary must provide specified documentation to the plan's participants and beneficiaries, including an explanation of how the chosen nonpecuniary factors are consistent with their interests.</p>

Display Title 45 2024-07-24T15:22:12Z Short Title(s) as Introduced 101 2024-05-24T13:39:58Z Introduced in Senate IS Official Title as Introduced 6 2023-05-25T00:58:47Z Introduced in Senate IS Introduced in Senate 2023-05-11T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-118s1563is/xml/BILLS-118s1563is.xml 2023-05-11 Read twice and referred to the Committee on Health, Education, Labor, and Pensions. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.