TechFlow news, October 15 — According to The Block, U.S. Republican Representative Troy Downing will introduce a bill called The Retirement Investment Choice Act on Tuesday, aiming to codify Trump's executive order on including cryptocurrencies and private equity in 401(k) retirement plans into law.
The bill is co-sponsored by four Republican representatives: Byron Donalds, Buddy Carter, Warren Davidson, and Barry Moore. This move intends to ensure retirement plan investors gain access to more diversified investment options, including alternative investment vehicles such as cryptocurrencies and private equity, through legislative means.
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