Protecting Americans’ Retirement Savings Act

This bill prohibits retirement plan fiduciaries from investing in "sanctioned entities" or "foreign adversary entities" (as defined by specific U.S. government lists), including Chinese military-linked companies or entities tied to countries designated as national security threats. It requires retirement funds to disclose all holdings in these entities, including their value, the entity names, and the listing reasons. Existing investments held before the law's enactment may continue under specific conditions, and binding pre-enactment contracts can be fulfilled until expiration or termination. The law directly affects retirement plan managers and the funds they oversee, mandating new transparency about restricted investments.