PARSA

This bill (S 928, PARSA) prohibits retirement plan managers from investing plan assets in "covered entities," defined as foreign adversaries (like certain countries or their government bodies) or entities on U.S. sanctions lists (such as those related to China's military or forced labor). It requires retirement funds to disclose detailed holdings of such entities, including asset values, specific entity names, and reasons for investment. Existing investments held before the law's enactment may continue under specific conditions, and binding pre-enactment agreements can be fulfilled until expiration. The law aims to restrict retirement savings from supporting sanctioned or foreign adversary entities while mandating transparency for plan participants.