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DOL/EBSA RIN: 1210-AC37 Publication ID: Spring 2025 
Title: ●Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights 
Abstract:

This regulatory action is in response to Executive Order 14219, entitled Ensuring Lawful Governance and Implementing the President's "Department of Government Efficiency" Deregulatory Initiative, and would revise the Department’s regulation at 29 CFR 2550.404a-1 so that plan fiduciaries select investments and exercise shareholder rights based only on financial considerations relevant to the risk-adjusted economic value of a particular investment, and not to advance social causes.

 
Agency: Department of Labor(DOL)  Priority: Economically Significant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Undetermined  Unfunded Mandates: Undetermined 
EO 14192 Designation: Regulatory 
CFR Citation: 29 CFR 2550.404a-1   
Legal Authority: 29 U.S.C. 1104 (ERISA sec. 404)    29 U.S.C. 1135 (ERISA sec. 505)   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Rulemaking  05/00/2026 
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: Undetermined 
Federalism: Undetermined 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Jeffrey J. Turner
Director, Office of Regulations and Interpretations
Department of Labor
Employee Benefits Security Administration
N 5669, 200 Constitution Avenue NW, FP Building, Room N-5655,
Washington, DC 20210
Phone:202 693-8500
Email: turner.jeffery@dol.gov