PANews reported on October 15th that a new bill in the U.S. House of Representatives will implement the executive order signed by President Trump, which instructs the Department of Labor to pave the way for the inclusion of cryptocurrency and private equity investments in 401(k) retirement plans. According to a source familiar with the matter, Montana Republican Congressman Troy Downing will introduce the bill, titled the "Retirement Investment Choices Act," on Tuesday. The source stated, "The bill focuses on codifying the executive order and giving it long-term effect. Promoting financial democratization and making these alternative investments accessible to more people are the core driving forces of the bill." The bill has four Republican co-sponsors: Representatives Byron Donalds, Buddy Carter, Warren Davidson and Barry Moore. Sources familiar with the matter said that there is no corresponding version of the bill in the Senate yet.PANews reported on October 15th that a new bill in the U.S. House of Representatives will implement the executive order signed by President Trump, which instructs the Department of Labor to pave the way for the inclusion of cryptocurrency and private equity investments in 401(k) retirement plans. According to a source familiar with the matter, Montana Republican Congressman Troy Downing will introduce the bill, titled the "Retirement Investment Choices Act," on Tuesday. The source stated, "The bill focuses on codifying the executive order and giving it long-term effect. Promoting financial democratization and making these alternative investments accessible to more people are the core driving forces of the bill." The bill has four Republican co-sponsors: Representatives Byron Donalds, Buddy Carter, Warren Davidson and Barry Moore. Sources familiar with the matter said that there is no corresponding version of the bill in the Senate yet.
New US Republican bill aims to legalize Trump's executive order allowing 401(k)s to invest in cryptocurrencies
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PANews reported on October 15th that a new bill in the U.S. House of Representatives will implement the executive order signed by President Trump, which instructs the Department of Labor to pave the way for the inclusion of cryptocurrency and private equity investments in 401(k) retirement plans. According to a source familiar with the matter, Montana Republican Congressman Troy Downing will introduce the bill, titled the "Retirement Investment Choices Act," on Tuesday. The source stated, "The bill focuses on codifying the executive order and giving it long-term effect. Promoting financial democratization and making these alternative investments accessible to more people are the core driving forces of the bill."
The bill has four Republican co-sponsors: Representatives Byron Donalds, Buddy Carter, Warren Davidson and Barry Moore. Sources familiar with the matter said that there is no corresponding version of the bill in the Senate yet.
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