Search

Search bills, members, committees and pages...

Sign In

H.R. 5748

U.S. House•In House Committee

Summary

H.R. 5748, the Retirement Investment Choice Act, was introduced in the House on Oct 14, 2025 by Rep. Troy Downing (R) with 5 co-sponsors. It was referred to Education and Workforce, and last saw action on Oct 14, 2025: Referred to the Committee on Education and Workforce, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Record

Text

H.R. 5748 has 5 co-sponsors.

hb5748/introduced-in-house.txt
119 HR 5748 IH: Retirement Investment Choice Act
 U.S. House of Representatives
 2025-10-14
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 I  119th CONGRESS  1st Session  H. R. 5748  IN THE HOUSE OF REPRESENTATIVES   October 14, 2025   Mr. Downing  (for himself,  Mr. Donalds ,  Mr. Davidson ,  Mr. Stutzman ,  Mr. Carter of Georgia , and  Mr. Moore of Alabama ) introduced the following bill; which was referred to the  Committee on Education and Workforce , and in addition to the Committee on  Financial Services , for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned   A BILL
To codify Executive Order 14330 (relating to democratizing access to alternative assets for 401(k) investors).
1.
Short title
This Act may be cited as the   Retirement Investment Choice Act  .
2.
Codification of executive order 14330
Executive Order 14330 (90 Fed. Reg. 38921; relating to democratizing access to alternative assets for 401(k) investors) shall have the force and effect of law.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2025-10-14
  2. Passed House
  3. Passed Senate
  4. Conference
  5. To President
  6. Became Law

To codify Executive Order 14330 (relating to democratizing access to alternative assets for 401(k) investors).

Sponsors

Rep. Troy Downing (R) sponsors H.R. 5748, and 5 members have co-sponsored it, all of them from the day it was introduced.

Committees

H.R. 5748 went before 2 committees: Financial Services and Education and Workforce.

Financial Services
Financial Services
Referred To · Oct 14, 2025 · 559 Bills
Education and Workforce
Education and Workforce
Referred To · Oct 14, 2025 · 824 Bills

Actions

H.R. 5748 has taken 2 actions since Oct 14, 2025.

ChamberAction
Oct 14, 2025
House
Introduced in House
Oct 14, 2025
House
Referred to the Committee on Education and Workforce, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.Education and Workforce Committee

Votes

H.R. 5748 has not gone to a roll call.

Titles

H.R. 5748 goes by 3 titles, 1 of them short titles.

  • Retirement Investment Choice Act — Display Title
  • Retirement Investment Choice Act — Short Title(s) as Introduced
  • To codify Executive Order 14330 (relating to democratizing access to alternative assets for 401(k) investors). — Official Title as Introduced

Lobbying

6 clients hired 6 firms and 18 registered lobbyists who named H.R. 5748 in 18 quarterly filings, 2025 to 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Financial Institutions/Investments/Securities, Taxation/Internal Revenue Code, Retirement, Insurance, Banking, Budget/Appropriations, Agriculture, Consumer Issues/Safety/Products.

Clients

Who paid to be heard, by how many filings named the bill.

ClientBusinessStateFirmsFilingsReported
AMERICAN SECURITIES ASSOCIATION—District of Columbia14—
FRANKLIN RESOURCES, INC. (FRANKLIN TEMPLETON) AND AFFILIATESInvestment ManagerCalifornia14—
INSURED RETIREMENT INSTITUTE—District of Columbia13—
MANAGED FUNDS ASSOCIATION—District of Columbia13—
FRANKLIN TEMPLETON FUNDSAsset Management/ETFs/RetirementCalifornia12$100K
PACIFIC LIFE INSURANCE COMPANY—California12—

Firms

Registrants who filed on the bill, by filings.

RegistrantClientsFilingsReported
AMERICAN SECURITIES ASSOCIATION14—
FRANKLIN RESOURCES, INC. (FRANKLIN TEMPLETON) AND AFFILIATES14—
INSURED RETIREMENT INSTITUTE13—
MANAGED FUNDS ASSOCIATION13—
CAPITOL COUNSEL LLC12$100K
PACIFIC LIFE INSURANCE COMPANY12—

Lobbyists

Named on the filings that cite the bill.

LobbyistFirmsClientsFilings
DEAN SACKETT114
KELLI MCMORROW114
GEORGETTE SIERRA113
JENNIFER GLAVIN113
JILLIEN FLORES113
JOHN JENNINGS113
JOHN VAN ETTEN113
PAUL RICHMAN113
DAVID BRIDGES112
ERIK JOHNSON112
JOSEPH EANNELLO112
JOSEPH SCHWARTZ112
MARTIN GOLD112
MONIQUE FRAZIER112
SEAVER SOWERS112
WARREN TRYON112
CARSON LEWIS111
ERIC MAY111

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

ClientRegistrantPeriodReportedDocument
MANAGED FUNDS ASSOCIATIONMANAGED FUNDS ASSOCIATION2026 first_quarter$1.6M1st Quarter - Report
MANAGED FUNDS ASSOCIATIONMANAGED FUNDS ASSOCIATION2025 fourth_quarter$1.3M4th Quarter - Report
MANAGED FUNDS ASSOCIATIONMANAGED FUNDS ASSOCIATION2026 second_quarter$1.1M2nd Quarter - Report
PACIFIC LIFE INSURANCE COMPANYPACIFIC LIFE INSURANCE COMPANY2026 second_quarter$480K2nd Quarter - Report
PACIFIC LIFE INSURANCE COMPANYPACIFIC LIFE INSURANCE COMPANY2026 first_quarter$420K1st Quarter - Report
FRANKLIN RESOURCES, INC. (FRANKLIN TEMPLETON) AND AFFILIATESFRANKLIN RESOURCES, INC. (FRANKLIN TEMPLETON) AND AFFILIATES2025 fourth_quarter$320K4th Quarter - Report
FRANKLIN RESOURCES, INC. (FRANKLIN TEMPLETON) AND AFFILIATESFRANKLIN RESOURCES, INC. (FRANKLIN TEMPLETON) AND AFFILIATES2026 second_quarter$270K2nd Quarter - Amendme…
FRANKLIN RESOURCES, INC. (FRANKLIN TEMPLETON) AND AFFILIATESFRANKLIN RESOURCES, INC. (FRANKLIN TEMPLETON) AND AFFILIATES2026 second_quarter$270K2nd Quarter - Report
FRANKLIN RESOURCES, INC. (FRANKLIN TEMPLETON) AND AFFILIATESFRANKLIN RESOURCES, INC. (FRANKLIN TEMPLETON) AND AFFILIATES2026 first_quarter$250K1st Quarter - Report
INSURED RETIREMENT INSTITUTEINSURED RETIREMENT INSTITUTE2025 fourth_quarter$240K4th Quarter - Report
INSURED RETIREMENT INSTITUTEINSURED RETIREMENT INSTITUTE2026 second_quarter$180K2nd Quarter - Report
INSURED RETIREMENT INSTITUTEINSURED RETIREMENT INSTITUTE2026 first_quarter$170K1st Quarter - Report
AMERICAN SECURITIES ASSOCIATIONAMERICAN SECURITIES ASSOCIATION2026 second_quarter$90K2nd Quarter - Report
AMERICAN SECURITIES ASSOCIATIONAMERICAN SECURITIES ASSOCIATION2026 first_quarter$90K1st Quarter - Report
AMERICAN SECURITIES ASSOCIATIONAMERICAN SECURITIES ASSOCIATION2025 third_quarter$90K3rd Quarter - Report
AMERICAN SECURITIES ASSOCIATIONAMERICAN SECURITIES ASSOCIATION2025 fourth_quarter$80K4th Quarter - Report
FRANKLIN TEMPLETON FUNDSCAPITOL COUNSEL LLC2026 second_quarter$50K2nd Quarter - Report
FRANKLIN TEMPLETON FUNDSCAPITOL COUNSEL LLC2026 first_quarter$50K1st Quarter - Report

Classification

The Congressional Research Service files H.R. 5748 under Labor and Employment, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 5748’s is Labor and Employment.

hr5748/policy-areas.txt
Labor and EmploymentAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesFinance and Financial SectorForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTaxationTransportation and Public WorksWater Resources Development

Source: congress.gov · legiscan.com