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HR 5748
Introduced Re-checks Congress.gov for new actions and updates the bill's status, and fills in any sponsors, committees, or related bills that are missing. It does not re-pull sponsors/cosponsors/committees/related — those rarely change — and it skips all work if nothing has changed upstream, so it's cheap to click.

Retirement Investment Choice Act

To codify Executive Order 14330 (relating to democratizing access to alternative assets for 401(k) investors).

Introduced Oct 14, 2025

Latest action (Oct 14, 2025) Referred to the Committee on Education and Workforce, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Referred to
Financial Services Committee Education and Workforce Committee
Policy area
Labor and Employment

Summary

This bill would codify Executive Order 14330 into law, making permanent its provisions regarding democratizing access to alternative assets for 401(k) retirement plan investors. The executive order addresses allowing 401(k) plan participants greater access to alternative investment options beyond traditional stocks and bonds. By converting the executive order to statutory law, the bill would ensure these provisions remain in effect regardless of future executive branch changes.

AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.

Sponsor (1)
5 cosponsors

Actions (2)
  1. Oct 14, 2025 Referred to the Committee on Education and Workforce, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. · house
  2. Oct 14, 2025 Introduced in House

Similar bills (6)

Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.

  • HR 3797 — EO 14278 Act of 2025 · Introduced Jun 6, 2025 · Cong. 119 68%
  • HR 5169 — Retire through Ownership Act · Introduced Jan 14, 2026 · Cong. 119 67%
  • HR 5523 — Employee Benefits Protection Act of 2014 · Introduced Nov 17, 2014 · Cong. 113 66%
  • HR 2988 — Protecting Prudent Investment of Retirement Savings Act · Passed House Jan 26, 2026 · Cong. 119 66%
  • HR 6722 — Automatic IRA Act of 2025 · Introduced Dec 15, 2025 · Cong. 119 66%
  • HR 2528 — Association Health Plans Act · Introduced Dec 15, 2025 · Cong. 119 66%

Text versions (1)
  • Introduced in House · Oct 14, 2025

Only one text version is on file, so there’s no earlier version to compare against yet.

Full text

IN THE HOUSE OF REPRESENTATIVES

October 14, 2025

Mr. Downing (for himself, Mr. Donalds, Mr. Davidson, Mr. Stutzman, Mr. Carter of Georgia, and Mr. Moore of Alabama) introduced the following bill; which was referred to the Committee on Education and Workforce, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned

A BILL

To codify Executive Order 14330 (relating to democratizing access to alternative assets for 401(k) investors).

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the “Retirement Investment Choice Act”.

SEC. 2. CODIFICATION OF EXECUTIVE ORDER 14330.

Executive Order 14330 (90 Fed. Reg. 38921; relating to democratizing access to alternative assets for 401(k) investors) shall have the force and effect of law. <all>

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