# 119-hr-5748: Retirement Investment Choice Act

119-hr-5748, Retirement Investment Choice Act, is a 119th Congress bill sponsored by Rep. Downing, Troy [R-MT-2] (R-MT); status introduced; PRIA reads it as touching household money (as of 2026-04-21).

- Canonical: https://policyrisk.com/legislation/119-hr-5748
- As of: 2026-04-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-5748
- Congress: 119
- Title: Retirement Investment Choice Act
- Status: introduced
- Introduced: 2025-10-14
- Sponsor: Rep. Downing, Troy [R-MT-2] (R-MT)
- Cosponsors: 5
- Policy area: Labor and Employment
- Touches household money: yes
- Last recorded action: 2026-04-21

## 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.

## Cosponsors (5)

- Rep. Donalds, Byron [R-FL-19] (R-FL), 2025-10-14T00:00:00.000Z
- Rep. Davidson, Warren [R-OH-8] (R-OH), 2025-10-14T00:00:00.000Z
- Rep. Stutzman, Marlin A. [R-IN-3] (R-IN), 2025-10-14T00:00:00.000Z
- Rep. Carter, Earl L. "Buddy" [R-GA-1] (R-GA), 2025-10-14T00:00:00.000Z
- Rep. Moore, Barry [R-AL-1] (R-AL), 2025-10-14T00:00:00.000Z

## Provisions PRIA read

- More 401(k) options, possible higher fees: mixed, low. 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 wo…

## Related bills

- 119-hr-6644: 21st Century ROAD to Housing Act
- 119-hr-9298: Stopping Harmful and Outrageous Torts Act
- 119-hr-987: Fair Access to Banking Act
- 119-hr-7651: Chloe Cole Act of 2026
- 119-hr-404: Hearing Protection Act
- 119-hr-1301: Death Tax Repeal Act

## Sources
- [119-hr-5748 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/5748)

## Related
- [119-hr-6644: 21st Century ROAD to Housing Act](https://policyrisk.com/legislation/119-hr-6644)
- [119-hr-9298: Stopping Harmful and Outrageous Torts Act](https://policyrisk.com/legislation/119-hr-9298)
- [119-hr-987: Fair Access to Banking Act](https://policyrisk.com/legislation/119-hr-987)
- [119-hr-7651: Chloe Cole Act of 2026](https://policyrisk.com/legislation/119-hr-7651)
- [119-hr-404: Hearing Protection Act](https://policyrisk.com/legislation/119-hr-404)
- [119-hr-1301: Death Tax Repeal Act](https://policyrisk.com/legislation/119-hr-1301)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-5748 (as of 2026-04-21).