PRIA Logo™
119-hr-5748119th CongressWALLET

Retirement Investment Choice Act

Sponsored By: Representative Downing, Troy [R-MT-2]

Introduced

Summary

Gives Executive Order 14330 the force of law. This bill would codify that executive order so the goal of democratizing access to alternative assets for 401(k) investors is elevated into statute and can be enforced as law.

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Free to download

Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

More 401(k) options, possible higher fees

If enacted, this bill would turn Executive Order 14330 (90 Fed. Reg. 38921) into law. The order aims to widen access to alternative assets in 401(k) plans. Your employer plan could offer more investment choices. Plans and fiduciaries could face new complexity or costs, which may raise fees. This would take effect upon enactment and mainly affects people with 401(k)s.

Sponsors & CoSponsors

Sponsor

Downing, Troy [R-MT-2]

MT • R

Cosponsors

  • Rep. Donalds, Byron [R-FL-19]

    FL • R

    Sponsored 10/14/2025

  • Rep. Davidson, Warren [R-OH-8]

    OH • R

    Sponsored 10/14/2025

  • Rep. Stutzman, Marlin A. [R-IN-3]

    IN • R

    Sponsored 10/14/2025

  • Rep. Carter, Earl L. "Buddy" [R-GA-1]

    GA • R

    Sponsored 10/14/2025

  • Rep. Moore, Barry [R-AL-1]

    AL • R

    Sponsored 10/14/2025

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
Back to Legislation