Press Releases

House Committee on Financial Services Chairman French Hill (AR-02), Chair of the Subcommittee on Capital Markets Ann Wagner (MO-02), Rep. Frank Lucas (OK-03), Rep. Warren Davidson (OH-08), Rep. Marlin Stutzman (IN-03), Rep. Andrew Garbarino (NY-02), Rep. Mike Lawler (NY-17), Rep. Troy Downing (MT-02), and Rep. Mike Haridopolos (FL-08) sent a letter to Securities and Exchange Commission (SEC) Chairman Paul Atkins expressing support for Executive Order 14330, which allows 401(k) investors to access alternative assets and urges the SEC to take action to implement the executive order.

In their letter, the lawmakers praise the executive order for its potential to help Americans enhance their retirement savings and encourage the SEC to work with the Department of Labor to revise its regulations and guidance. The goal is to make these investments accessible to millions of Americans to prepare for retirement.

Read the full letter here or below:

Dear Chairman Atkins,

We write to express our support for President Trump’s August 7, 2025, Executive Order 14330 on “Democratizing Access to Alternative Assets for 401(k) Investors” (EO). We applaud the EO’s policy “that every American preparing for retirement should have access to funds that include investments in alternative assets when the relevant plan fiduciary determines that such access provides an appropriate opportunity. . .to enhance the net risk-adjusted returns[.]”

The EO also directs the SEC to facilitate access to alternative assets for participant-directed defined contribution retirement savings plans by revising its own applicable regulations and guidance, specifically noting that such facilitation may include consideration of accredited investor and qualified purchaser status.

Given these directives, we encourage the SEC to provide swift assistance to the Secretary of Labor and to make any necessary revisions to its current regulations and guidance. We also request the SEC review bipartisan legislation being advanced in the 119th Congress concerning accredited investors. We are hopeful that such actions will help the 90 million Americans that are currently restricted from investing in alternative assets to secure a dignified, comfortable retirement.