PARSA prohibits plan investments in foreign adversary and sanctioned entities, and requires disclosure of existing investments.
The Protecting Americans’ Retirement Savings Act (PARSA) amends the Employee Retirement Income Security Act of 1974 to prohibit plan investments in foreign adversary and sanctioned entities. It also requires disclosure of existing investments in such entities. The bill defines "foreign adversary entity" and "sanctioned entity" based on various government lists. Plans may continue existing investments if certain conditions are met. The Secretary of Labor must issue regulations within 180 days of enactment.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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