Posts tagged Cynthia Lummis
Fitzgerald, Lummis Introduce STUDENT Act to Curb Out-of-Control NEA
July 24, 2025 // Although it was originally incorporated in the District of Columbia in 1886, Congress granted the NEA a federal charter in 1906. Today, it is one of only 95 federally chartered “patriotic and national” organizations such as the Boy Scouts, the U.S. Olympic Committee, and the VFW. The NEA is the only labor union with a federal charter and the only federally chartered organization to engage in extensive political advocacy. While repealing the NEA’s charter would rightly signal congressional disapproval for the organization as it exists today, the STUDENT Act would amend the NEA’s charter to require practical changes in the union’s operations.
Sen. Braun Introduce Bill To Maximize Americans’ Retirement Funds
November 25, 2022 // Amends the Employee Retirement Income Security Act (ERISA) to require plan fiduciaries to select investments solely on pecuniary factors. If a fiduciary cannot distinguish between investments on pecuniary factors alone they may use non-pecuniary factors, but must provide participants reasoning for their decision. Pecuniary factors are defined as any factors that a fiduciary prudently determines is expected to have a material effect on the risk or return of an investment. fiduciary duty of plan administrators, ESG (environmental, social and governance) funds,