"Alternative investments hold the transformative potential to supercharge the financial security of countless Americans saving for retirement,"
"I applaud President Trump for his leadership to democratize finance and am proud to be leading the effort in Congress to codify his EO."
"the force and effect of law."
"Doing so will maximize the order's effectiveness,"
The Retirement Investment Choice Act, introduced by Rep. Troy Downing (R-Mont.), would give Executive Order 14330 the force and effect of law and authorize retirement plans to offer alternative assets, including crypto. The bill would permit 401(k) providers to include crypto-exposed products alongside traditional funds and could unlock billions for Bitcoin and other digital assets. The August executive order directed the Labor Department and the SEC to expand access to private equity, commodities, insurance products and crypto and gave the DOL 180 days to propose rules. Government shutdowns and staffing cuts could delay rulemaking, while Senate Republicans urged a regulatory safe harbor to protect plan sponsors.
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