Protecting Americans’ Retirement Savings Act (H.R.2067/S.928)
(Pending in the House and the Senate)
The Protecting Americans’ Retirement Savings Act (H.R.2067) was introduced in the House on April 10, 2025, by Rep. John Moolenaar (R-MI). The Senate version (S.928) was introduced on the same day, by Sen. Jim Banks (R-IN).
The full title is: “To prohibit investment of certain retirement savings in entities controlled or affiliated with the Chinese Communist Party, and for other purposes.”
A previous version of the bill was introduced in the House in 2023.
Background:
The bill aims to safeguard U.S. retirement savings by blocking investments in Chinese companies linked to the Chinese Communist Party (CCP), citing national security and human rights concerns.
The bill:
- Prohibits federal retirement savings from being invested in Chinese companies tied to the CCP.
- Requires the Department of Labor to issue guidance discouraging investment of private retirement funds (like 401(k)s) in high-risk foreign adversary entities.
- Directs the Department of the treasury to identify foreign firms that pose national security risks or are complicit in human rights violations.
Read more:
UHRP Statement: Federal Retirement Savings Must Not Be Invested in Chinese Corporate Human Rights Abusers
UHRP in the News: TSP Investments in China: No TSP for the CCP?
Visit the UHRP U.S. Legislation Tracker for other bills endorsed by the Uyghur Human Rights Project.