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source:The White House of the United States, compiled: bitchain vision
Expand the investment options for 401(k) plans: Today, President Donald J. Trump signed an executive order that allows 401(k) investors to acquire alternative assets for higher returns and diversify their investments.
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The order directs the Secretary of Labor to reexamine the Ministry of Labor’s guidelines regarding the duties of trustees for alternative asset investment in 401(k) plans and other fixed contribution plans governed by the Employee Retirement Income Security Act (ERISA).
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The order directs the Secretary of Labor to clarify the Ministry’s position on alternative assets and the appropriate trust procedures related to the provision of asset allocation funds containing alternative assets investments.
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The order directs the Secretary of Labor to consult with the Secretary of Finance, the Securities and Exchange Commission and other federal regulators to determine whether corresponding regulatory adjustments should be made in these agencies to achieve the purpose of the order.
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The order directs the Securities and Exchange Commission to provide access to alternative assets for participants’ self-managed fixed-payment retirement savings plans by amending applicable regulations and guidelines.
Promote retirement security through diversified investment: President Trump hopes to provide more investment options for American workers to achieve stronger and more financially secure retirement results.
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More than 90 million Americans participate in employer-sponsored fixed contribution plans, most of whom are currently restricted from investing in alternative assets, unlike retirement plans for wealthy investors and government workers.
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Alternative assets such as private equity, real estate and digital assets provide competitive returns and diversified returns.
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Over-regulation and litigation risks limit the inclusion of alternative assets into their portfolios by program trustees under the Employee Retirement Income Security Act (ERISA), thus hindering labor retirement growth.
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President Trump is expanding access to these assets to ensure that all Americans have a dignified and comfortable retirement life.
Accumulate wealth and secure retirement for all Americans: President Trump is delivering on his promise to provide more financial opportunities and retirement security for all Americans to ensure they can accumulate wealth and thrive.
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The Labor Department, led by President Trump, has revoked Biden administration’s guidelines on digital assets.
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President Trump’s Big and American Act fulfills his promise to ensure retirees can retain more of the benefits they have worked hard to earn.
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President Trump has pledged to build the United States into the “crypto-capital of the world”, emphasizing the need to embrace digital assets to drive economic growth and technological leadership.
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Through tax cuts and deregulation, President Trump is delivering on his promise to make the United States rich again, allowing workers to save and invest more for retirement.
