U.S. House Committee on Financial Services Chairman French Hill and Capital Markets Subcommittee Chair Ann Wagner issued a statement supporting President Trump’s executive order aimed at making private-market investments more widely available to U.S. retirement plans. The lawmakers framed the order as enabling the inclusion of private assets in 401(k) plans and expanding investment choice for workers, and said they intend to work with the Department of Labor and the Securities and Exchange Commission on implementation to ensure the policy benefits all workers.
U.S. Financial Services Committee 2025-08-07
U.S. House Committee on Financial Services leaders welcome President Trump’s executive order expanding private-market access in 401(k) plans
U.S. House Financial Services Chairman French Hill and Capital Markets Subcommittee Chair Ann Wagner endorsed President Trump's order to broaden access to private-market investments in U.S. retirement plans. The order aims to include private assets in 401(k) plans, expanding options for workers. The lawmakers plan to collaborate with the Department of Labor and the SEC to ensure effective implementation.