House rep wants to keep China and other ‘adversaries’ out of 401(k)s
Legislation proposed this week would bar defined-contribution plans from making new investments in several countries it defines as 'foreign adveraries.'
A House bill introduced this week by Rep. Jim Banks, R-Ind., would seek to prevent 401(k)s and other defined-contribution plans from investing in companies based in China and other “foreign adversary” countries.
It's unclear how much private-sector retirement plans could have allocated to sec
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