Retirement plans would need to give clear warnings for investments chosen outside main options.
This bill would make sure people get clear warnings when they choose investments in their retirement accounts that are not the plan's main options. Pension plans would need to give a special 4-part notice and get a confirmation each time someone picks one of these outside investments. This would help people understand the possible risks, higher fees, and lower returns compared to the plan's approved choices.
Today, pension plans with brokerage windows don't have a specific rule to give detailed risk notices each time someone picks an investment outside the plan's main options. If this bill passes, starting January 1, 2026, these plans would need to give a specific 4-part warning and get an acknowledgment from the investor every time they choose such an investment. This would ensure investors are fully aware of potential risks, higher fees, and lower returns compared to the plan's pre-approved choices.
S 3083 · 119th Congress · October 30, 2025 · AI Summary by gemini-2.5-flash · 10/10
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5 filings mentioned this bill
Amounts reflect total quarterly lobbying spend reported to the Senate, not bill-specific spending. Source: Senate LDA filings.