To amend the Employment Retirement Income Security Act of 1974 to prohibit plan investments in foreign adversary and sanctioned entities, require disclosure of existing investments in such entities, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill expands a compliance mandate, procurement, trade restriction provision: 2 and expands a appropriation, compliance mandate, procurement provision: 3. It relies on compliance mandates, procurement rules, trade restrictions, and appropriations. The main policy areas are Defense and Finance.
Who Benefits and How
The available clause analysis does not identify a specific beneficiary group.
Who Bears the Burden and How
No clear private burden is identified from the available clause analysis; implementing agencies may still take on administrative work.
Key Provisions
- Expands a compliance mandate, procurement, trade restriction provision: 2.
- Expands a appropriation, compliance mandate, procurement provision: 3.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for primary purpose and policy domains.
At a Glance
What This Bill Does
The bill expands a compliance mandate, procurement, trade restriction provision: 2 and expands a appropriation, compliance mandate, procurement provision: 3.
Key Policy Areas
Defense, Finance
Primary Purpose
The bill expands a compliance mandate, procurement, trade restriction provision: 2 and expands a appropriation, compliance mandate, procurement provision: 3.
Policy Domains
Sponsors
Legislative Progress
IntroducedMr. Banks introduced the following bill; which was read twice …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "the_commission"
- → The commission identified in the operative section
- "secretary_of_defense"
- → Secretary of Defense
Key Definitions
Terms defined in this bill
an entity listed on any of the following lists:(A)The Non-SDN Chinese Military-Industrial Complex Companies List (NS–CMIC List) maintained by the Office of Foreign Assets Control of the Department of the Treasury under Executive Order 14032 (86 Fed. Reg. 30145
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology