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DOL/EBSA RIN: 1210-AB95 Publication ID: Spring 2020 
Title: ●Financial Factors in Selecting Plan Investments 

This deregulatory action would supersede and replace the Department of Labor’s prior Interpretive Bulletins on the application of the fiduciary rules in the Employee Retirement Income Security Act of 1974 (ERISA) to pension plan investments selected because they may further collateral economic or social benefits in addition to their investment returns.  The proposal would protect participant and beneficiary interests by confirming that ERISA provides that fiduciary consideration of an investment or investment course of action, including selection of designated investment alternatives in an individual account plan, may not subordinate the interests of participants and beneficiaries in their retirement income to unrelated or collateral goals, preferences, or other factors or objectives.

Agency: Department of Labor(DOL)  Priority: Economically Significant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Proposed Rule Stage 
Major: Yes  Unfunded Mandates: No 
EO 13771 Designation: Deregulatory 
CFR Citation: Not Yet Determined     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: 29 U.S.C. 1102-1104    29 U.S.C. 1135   
Legal Deadline:  None
Action Date FR Cite
NPRM  06/00/2020 
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: Undetermined 
Federalism: No 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Jeffrey J. Turner
Deputy 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