NEGATIVE Labor 118th Congress

H.R.5339 Fiduciary and Retirement Fund Rules Act

Restricts the investment criteria that workers' retirement plans can use, leaving pension funds vulnerable to unnecessary risks (118th Congress)

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Legal & Constitutional Grounding

Restricts ERISA fiduciary considerations; limits DOL authority under 29 U.S.C. § 1104(a).

29 U.S.C. § 1104(a) (ERISA)

DOL EBSA — 29 U.S.C. § 1104(a) (ERISA fiduciary duties), official guidance

Retirement fiduciary rule rollback. Weakening fiduciary standards allows conflicts of interest that DOL estimates cost workers $17 billion annually in diminished retirement savings.