S 1762
117th Congress
Senate
Labor and Employment
Administrative law and regulatory procedures
Corporate finance and management
Department of Labor
Employee benefits and pensions
Financial services and investments
Financial Factors in Selecting Retirement Plan Investments Act
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 20, 2021
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
May 20, 2021
Introduced in Senate
Plain-English summary
Financial Factors in Selecting Retirement Plan Investments Act
This bill permits fiduciaries of employer-sponsored retirement plans to consider environmental, social, governance, or similar factors when making investment decisions.
It also nullifies the rule published by the Employee Benefits Security Administration on November 13, 2020, that requires fiduciaries to select investments and investment courses of action based solely on financial considerations.
What's happening now
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Committees of jurisdiction
1