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S. 4973

BillFederalSenateIntroduced
To amend the Employee Retirement Income Security Act of 1974 to clarify the fiduciary duties regarding asset classes.
About This Bill
Introduced
Congress
117th (2021–2023)
Introduced
September 28, 2022
Cosponsors (2)
0D 2R
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Summary

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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.

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