HR 3387 · 117th Congress · Labor and Employment

Financial Factors in Selecting Retirement Plan Investments Act

Introduced 2021-05-20· Sponsored by Rep. DelBene, Suzan K. [D-WA-1]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Education and Labor.(2021-05-20)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (1)

1 Democrat
Rep. Phillips, Dean [D-MN-3]MN