Posts tagged Sen. Cynthia Lummis

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    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,

    Americans for Tax Reform Biden administration DOL Employee Retirement Income Security Act Foundation for Government Accountability Freedom Works Institute for the American Worker Maximize Americans’ Retirement Security Act Mike Braun Retirement Sen. Cynthia Lummis Sen. Jim Inhofe Sen. Roger Marshall Sen. Roger Wicker Sen. Steve Daines Sen. Tommy Tuberville