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Budget & Fiscal Responsibility

Protecting Your 401(k) From Going Woke

Mar 01, 2023
Budget & Fiscal Responsibility
Taxes & Regulations

In President Biden’s economy, Americans are lucky to have enough money leftover at the end of the month to save for their retirement. Inflation is soaring, everything costs more, and paychecks just aren’t going as far as they used to.

Now, the Biden administration is trying to abuse its power and meddle in your 401(k) by empowering retirement plan managers to invest your hard-earned money into funds that pursue Democrats’ woke agenda. As a result, more than 152 million Americans could see their retirement savings plummet even further.

This week, I took action to prevent that from happening as the House passed legislation to stop this egregious overreach in its tracks. Your retirement savings are not a political football. The sole purpose of these accounts is to help you retire, not advance a political agenda you never asked to support. 

This measure makes that crystal clear to President Biden. You can read the resolution HERE.

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