- Stage
- In committee
- Started in
- House
- Sponsor
- 1
- Latest action
- Mar 11, 2025
What it does
The Protecting Americans’ Retirement Savings Act (PARSA) would amend ERISA to prohibit retirement plan fiduciaries from making new investments in foreign adversary or sanctioned entities, including acquiring interests, lending money, providing goods or services, or transferring plan assets or participant data to such entities. It requires plans to disclose existing investments in these entities, detailing asset values, entity identities, and the basis for sanctions, while allowing continuation of current investments or fulfillment of pre-enactment binding contracts if specific disclosure and compliance requirements are met. The bill applies to employee retirement plans and their…
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
Where it goes next
While a bill can still move, the questions are about people and money.