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S. 4973 117th Congress Senate

Retirement Savings Modernization Act

Official title: A bill to amend the Employee Retirement Income Security Act of 1974 to clarify the fiduciary duties regarding asset classes.

Introduced: September 28, 2022 See on congress.gov
Labor and Employment
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 28, 2022
Read twice and referred to the Committee on Health, Education, Labor, and Pensions.
Sep 28, 2022
Introduced in Senate
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 Latest action September 28, 2022

Read twice and referred to the Committee on Health, Education, Labor, and Pensions.

 Plain-English summary Congressional Research Service

Retirement Savings Modernization Act

This bill specifies that fiduciaries for employee-sponsored retirement plans are permitted to diversify a plan's investments across certain asset classes, such as digital assets, hedge funds, private equity, and venture capital.

 Related & companion bills 1
  • HR 9066 Identical bill Retirement Savings Modernization Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 2
R
Lummis, Cynthia M.
Wyoming · Sep 28, 2022
 R
Scott, Tim
South Carolina · Sep 28, 2022
Cite this page click to expand
APA
U.S. Congress. (2026). S. 4973: Retirement Savings Modernization Act. 117th Congress. Open America. https://openamerica.io/bill/117-S-4973/
MLA
"S. 4973: Retirement Savings Modernization Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-4973/.
Bluebook (legal)
S. 4973, 117th Cong. (2026), https://openamerica.io/bill/117-S-4973/.
Markdown link
[S. 4973: Retirement Savings Modernization Act](https://openamerica.io/bill/117-S-4973/)
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