Overview

• Rep. Troy Downing introduced the one-page Retirement Investment Choice Act to give Executive Order 14330 the force of law.
• The measure would let 401(k) providers include crypto-exposed and other alternative assets when fiduciaries judge them appropriate.
• Analysts say even small allocations from the roughly $25 trillion U.S. retirement market could steer billions into digital assets.
• The Labor Department has 180 days from August to propose rules under the order, with progress potentially slowed by a shutdown and staffing cuts at the Employee Benefits Security Administration.
• Industry groups back leaving decisions to plan fiduciaries, while the bill’s prospects remain cloudy with no Senate companion and expected Democratic opposition.