Rep Introduces Bill Codifying Trump’s Executive Order Expanding 401(k) Options

Representative Troy Downing introduced legislation on October 14th, aiming to transform President Trump’s Executive Order 14330, which broadened access to alternative assets in 401(k) plans, into a permanent law. The bill directs the Department of Labor (DOL) and Securities and Exchange Commission (SEC) to remove regulatory hurdles hindering investments in private equity, real estate, and digital assets within retirement accounts. Five Republican lawmakers co-sponsored the bill, while the American Securities Association expressed support for its passage.