SENSE OF CONGRESS REGARDING CERTAIN ERISA PLAN INVESTMENTS.
About This Law
pg_id_66462::119-84
Title
50 — War and National Defense
Chapter
CH35
Release
119-84
Release Date
2026-04-17
Section Text
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“It is the sense of Congress that a fiduciary of an employee benefit plan, as defined in section 3(3) of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1002(3)), may divest plan assets from, or avoid investing plan assets in, any person the fiduciary determines is conducting or has direct investments in business operations in Sudan described in section 3(d) of this Act, without breaching the responsibilities, obligations, or duties imposed upon the fiduciary by subparagraph (A) or (B) of section 404(a)(1) of the Employee Retirement Income Security Act of 1974 (29 U.S.C. 1104(a)(1)), if—“(1) the fiduciary makes such determination using credible information that is available to the public; and
“(2) the fiduciary prudently determines that the result of such divestment or avoidance of investment would not be expected to provide the employee benefit plan with—“(A) a lower rate of return than alternative investments with commensurate degrees of risk; or
“(B) a higher degree of risk than alternative investments with commensurate rates of return.
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