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This 401(k) bill in Congress would allow risky assets in retirement plans

This 401(k) bill in Congress would allow risky assets in retirement plans

Senators Pat Toomey, Tim Scott and Peter Meijer have just proposed a bill in Congress that would allow 401(k) plans to stretch beyond traditional investments like stocks and bonds. If their Retirement Savings Modernization Act became law, 401(k) plans could start offering not just things like commodities, but even “hedge funds,” “venture capital,” “digital assets” (laughter), and — literally–“any fund, commingled account, or pooled investment vehicle that invests in any investment.”