,,ii  #aag? ,,congress  #b;d ,session   
,s4 #dadg  ,,9 ,,! ,,s5ate ,,( ,,!      
,,unit$ ,,/ates  ,may #e1 #bjbb,mr4     
,tub]ville introduc$ ! foll[+ bill2 :i* 
0 read twice & ref]r$ to ! ,committee on
 ,heal?1 ,education1 ,labor1 & ,p5sions 
,a ,,bill  ,to prohibit ! ,secret>y (   
,labor f con/ra9+ ! range or type (     
inve/m5ts t may be (f]$ to p>ticipants &
 b5efici>ies ( individual retirem5t     
acc\nts :o ex]cise control ov] ! assets 
9 su* acc\nts4  #a4 ,%ort title ,?is    
,act may be cit$ z ! ,f9ancial ,fre$om  
,act ( #bjbb4  #b4 ,fiduci>y duties )   
respect to p5sion plan inve/m5ts        
,section #djd7;a7 ( ! ,employee         
,retirem5t ,income ,security ,act (     
#aigd 7#bi ,u4,s4,c4 #aajd7;a77 is am5d$
 by add+ at ! end ! foll[+3  7#c7 7,a7  
,9 ! case ( a p5sion plan t provides =  
individual acc\nts & p]mits a p>ticipant
 or b5efici>y to ex]cise control ov] !  
assets 9 ! p>ticipant's or b5efici>y's  
acc\nt1 no?+ 9 p>agraph 7#a7-- 7i7      
requires a fiduci>y to select1 or       

prohibits a fiduci>y f select+1 any     
p>ticul> type ( inve/m5t alt]native1    
provid$ t a fiduci>y provides !         
p>ticipant or b5efici>y an opportunity  
to *oose1 f a broad range ( inve/m5t    
alt]natives1 ! mann] 9 :i* "s or all ( !
 assets ( ! p>ticipant's or b5efici>y's 
acc\nt are inve/$1 accord+ to           
regulations prescrib$ by ! ,secret>y2 or
  7ii7 requires t any p>ticul> type (   
inve/m5t be ei!r favor$ or disfavor$1   
o!r ?an on ! basis ( ! inve/m5t's       
risk-return *>act]i/ics1 9 ! context ( !
 plan fiduci>y's objective ( provid+    
inve/m5t alt]natives suitable = provid+ 
b5efits = p>ticipants & b5efici>ies4    
7,b7 ,9 ! ev5t t a fiduci>y selects a   
self-direct$ brok]age w9d[ z an inve/m5t
 alt]native = a plan describ$ 9         
subp>agraph 7,a7-- 7i7 ! ,secret>y %all 
n issue any regulations or subregulatory
 guidance con/ra9+ or prohibit+ ! range 
or type ( inve/m5ts t may be (f]$ ?r\gh 
su* brok]age w9d[2  7ii7 subsection 7c7 
%all apply to su* self-direct$ brok]age 

w9d[2 &  7iii7 ! div]sification         
requirem5t ( p>agraph 7#a77;,c7 & !     
prud5ce requirem5t ( p>agraph 7#a77;,b7 
are n violat$ by ! fiduci>y's selection 
( a self-direct$ brok]age w9d[ z an     
inve/m5t alt]native or z a result ( !   
ex]cise ( a p>ticipant or b5efici>y's   
control ov] ! assets 9 su* self-direct$ 
brok]age w9d[4  4